CoreCivic (CXW) Scheduled to Post Earnings on Wednesday

CoreCivic (NYSE:CXW - Get Free Report) is set to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect CoreCivic to post earnings of $0.32 per share for the quarter. CoreCivic has set its FY24 guidance at $1.48 to $1.56 EPS and its FY 2024 guidance at 1.480-1.560 EPS.Individual interested in registering for the company's earnings conference call can do so using this link.

CoreCivic (NYSE:CXW - Get Free Report) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.20). CoreCivic had a return on equity of 6.10% and a net margin of 3.50%. The business had revenue of $490.11 million for the quarter, compared to the consensus estimate of $481.87 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The business's revenue was up 5.7% compared to the same quarter last year. On average, analysts expect CoreCivic to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CoreCivic Stock Performance

CoreCivic stock traded down $0.27 during mid-day trading on Wednesday, hitting $14.33. 750,093 shares of the company's stock traded hands, compared to its average volume of 911,373. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a 50 day simple moving average of $13.26 and a two-hundred day simple moving average of $13.75. CoreCivic has a fifty-two week low of $10.74 and a fifty-two week high of $16.54. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 24.34 and a beta of 0.87.

Analyst Ratings Changes

Separately, Wedbush restated a "neutral" rating and set a $14.00 target price on shares of CoreCivic in a research note on Friday, September 13th.

Insider Buying and Selling

In other CoreCivic news, COO Patrick D. Swindle sold 15,000 shares of the company's stock in a transaction on Monday, August 12th. The stock was sold at an average price of $12.40, for a total value of $186,000.00. Following the transaction, the chief operating officer now directly owns 203,504 shares of the company's stock, valued at $2,523,449.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other CoreCivic news, COO Patrick D. Swindle sold 15,000 shares of the business's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $12.40, for a total value of $186,000.00. Following the completion of the sale, the chief operating officer now owns 203,504 shares of the company's stock, valued at $2,523,449.60. The trade was 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, CEO Damon T. Hininger sold 31,996 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $12.50, for a total transaction of $399,950.00. Following the transaction, the chief executive officer now owns 788,266 shares in the company, valued at approximately $9,853,325. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 169,996 shares of company stock valued at $2,177,640. Insiders own 2.21% of the company's stock.

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.