FY2024 EPS Estimates for CoreCivic Raised by Zacks Small Cap

CoreCivic, Inc. (NYSE:CXW - Free Report) - Analysts at Zacks Small Cap lifted their FY2024 earnings estimates for shares of CoreCivic in a research report issued on Monday, November 11th. Zacks Small Cap analyst M. Marin now expects that the real estate investment trust will post earnings of $1.64 per share for the year, up from their prior forecast of $1.49. The consensus estimate for CoreCivic's current full-year earnings is $1.64 per share. Zacks Small Cap also issued estimates for CoreCivic's Q4 2024 earnings at $0.33 EPS and FY2025 earnings at $1.69 EPS.

Several other research firms have also issued reports on CXW. Wedbush restated a "neutral" rating and issued a $14.00 target price on shares of CoreCivic in a report on Friday, September 13th. Northland Securities lifted their target price on CoreCivic from $17.00 to $32.00 and gave the stock an "outperform" rating in a report on Friday.

CoreCivic Trading Down 5.3 %

NYSE:CXW traded down $1.27 during trading hours on Tuesday, hitting $22.67. 879,159 shares of the company were exchanged, compared to its average volume of 986,379. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 35.73 and a beta of 0.86. The company has a fifty day simple moving average of $13.89 and a 200 day simple moving average of $13.89. The company has a current ratio of 1.51, a quick ratio of 1.44 and a debt-to-equity ratio of 0.66. CoreCivic has a one year low of $10.74 and a one year high of $24.99.

Institutional Investors Weigh In On CoreCivic

A number of large investors have recently made changes to their positions in CXW. Headlands Technologies LLC purchased a new position in CoreCivic during the second quarter valued at approximately $29,000. nVerses Capital LLC bought a new stake in CoreCivic during the second quarter worth approximately $40,000. GAMMA Investing LLC raised its holdings in CoreCivic by 77.7% during the 3rd quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 1,632 shares during the period. EntryPoint Capital LLC bought a new stake in shares of CoreCivic in the 1st quarter worth about $84,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in CoreCivic during the 1st quarter valued at $87,000. 85.13% of the stock is currently owned by institutional investors.

Insider Transactions at CoreCivic

In other news, EVP Cole G. Carter sold 8,000 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $12.58, for a total value of $100,640.00. Following the completion of the sale, the executive vice president now directly owns 207,847 shares in the company, valued at approximately $2,614,715.26. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other CoreCivic news, EVP Cole G. Carter sold 8,000 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $12.58, for a total transaction of $100,640.00. Following the completion of the transaction, the executive vice president now owns 207,847 shares of the company's stock, valued at $2,614,715.26. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David K. Churchill sold 15,000 shares of CoreCivic stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $13.61, for a total value of $204,150.00. Following the sale, the insider now owns 214,056 shares in the company, valued at $2,913,302.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,996 shares of company stock valued at $1,549,940. 1.89% of the stock is currently owned by company insiders.

CoreCivic Company Profile

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.