CoreCivic (NYSE:CXW) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

CoreCivic (NYSE:CXW - Get Free Report) posted its quarterly earnings data on Monday. The real estate investment trust reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.06, Zacks reports. CoreCivic had a return on equity of 6.55% and a net margin of 3.85%. CoreCivic updated its FY 2025 guidance to 1.370-1.500 EPS.

CoreCivic Trading Down 0.7 %

CXW traded down $0.13 during midday trading on Thursday, hitting $19.05. 1,559,821 shares of the company were exchanged, compared to its average volume of 1,333,907. The firm has a market capitalization of $2.10 billion, a P/E ratio of 28.44 and a beta of 1.00. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.66. The firm's 50 day moving average price is $21.30 and its 200-day moving average price is $17.29. CoreCivic has a 1-year low of $10.74 and a 1-year high of $24.99.

Insider Activity

In related news, EVP Anthony L. Grande sold 26,000 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total transaction of $576,680.00. Following the transaction, the executive vice president now directly owns 127,380 shares of the company's stock, valued at approximately $2,825,288.40. This represents a 16.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Emkes sold 16,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $22.70, for a total value of $363,200.00. Following the transaction, the director now directly owns 149,264 shares in the company, valued at approximately $3,388,292.80. This trade represents a 9.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.89% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CXW has been the topic of a number of research reports. Noble Financial upgraded CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday. Wedbush restated an "outperform" rating and set a $30.00 price objective on shares of CoreCivic in a research report on Tuesday. Finally, Northland Securities boosted their price objective on CoreCivic from $17.00 to $32.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th.

About CoreCivic

CoreCivic, Inc owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.