Noble Financial Reduces Earnings Estimates for CoreCivic

CoreCivic, Inc. (NYSE:CXW - Free Report) - Equities research analysts at Noble Financial dropped their FY2025 earnings estimates for CoreCivic in a research report issued on Wednesday, February 12th. Noble Financial analyst J. Gomes now forecasts that the real estate investment trust will post earnings of $1.61 per share for the year, down from their prior estimate of $1.67. Noble Financial currently has a "Outperform" rating on the stock. The consensus estimate for CoreCivic's current full-year earnings is $1.50 per share. Noble Financial also issued estimates for CoreCivic's FY2026 earnings at $1.85 EPS.

A number of other brokerages also recently weighed in on CXW. Wedbush reiterated an "outperform" rating and issued a $30.00 price target on shares of CoreCivic in a report on Tuesday, February 11th. StockNews.com upgraded shares of CoreCivic from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Finally, Northland Securities raised their price target on shares of CoreCivic from $17.00 to $32.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th.

CoreCivic Stock Down 3.1 %

NYSE CXW traded down $0.60 on Monday, hitting $18.54. 761,733 shares of the stock traded hands, compared to its average volume of 1,304,071. The company has a current ratio of 1.57, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average of $21.02 and a 200 day moving average of $17.48. CoreCivic has a twelve month low of $10.74 and a twelve month high of $24.99. The company has a market capitalization of $2.04 billion, a P/E ratio of 30.40 and a beta of 1.00.

CoreCivic (NYSE:CXW - Get Free Report) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.06. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. PharVision Advisers LLC bought a new position in CoreCivic in the fourth quarter worth $879,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of CoreCivic by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 215,490 shares of the real estate investment trust's stock worth $4,685,000 after purchasing an additional 22,031 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of CoreCivic in the fourth quarter valued at $11,194,000. Two Sigma Advisers LP raised its holdings in shares of CoreCivic by 84.8% in the fourth quarter. Two Sigma Advisers LP now owns 329,946 shares of the real estate investment trust's stock valued at $7,173,000 after buying an additional 151,400 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in CoreCivic by 1,428.2% during the 4th quarter. Two Sigma Investments LP now owns 480,275 shares of the real estate investment trust's stock worth $10,441,000 after buying an additional 448,848 shares in the last quarter. 85.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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