CoreCivic (NYSE:CXW) Issues FY 2025 Earnings Guidance

CoreCivic (NYSE:CXW - Get Free Report) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share guidance of 1.370-1.500 for the period, compared to the consensus earnings per share estimate of 1.770. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

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

CoreCivic Stock Performance

Shares of CoreCivic stock traded down $0.13 on Thursday, reaching $19.05. 1,559,821 shares of the stock were exchanged, compared to its average volume of 1,333,907. CoreCivic has a twelve month low of $10.74 and a twelve month high of $24.99. The business has a 50 day moving average price of $21.30 and a two-hundred day moving average price of $17.29. 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 has a market capitalization of $2.10 billion, a price-to-earnings ratio of 28.44 and a beta of 1.00.

CoreCivic (NYSE:CXW - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. CoreCivic had a net margin of 3.85% and a return on equity of 6.55%. Analysts anticipate that CoreCivic will post 1.64 earnings per share for the current fiscal year.

Insider Transactions at CoreCivic

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

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.