Q1 Earnings Forecast for CoreCivic Issued By Noble Financial

CoreCivic, Inc. (NYSE:CXW - Free Report) - Equities research analysts at Noble Financial reduced their Q1 2025 earnings per share (EPS) estimates for shares of 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 $0.35 per share for the quarter, down from their previous forecast of $0.37. Noble Financial currently has a "Outperform" rating on the stock. The consensus estimate for CoreCivic's current full-year earnings is $1.64 per share. Noble Financial also issued estimates for CoreCivic's Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.43 EPS and Q4 2025 earnings at $0.42 EPS.

Other equities research analysts have also issued reports about the company. Northland Securities boosted their price objective on CoreCivic from $17.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. StockNews.com upgraded CoreCivic from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Wedbush reiterated an "outperform" rating and set a $30.00 price objective on shares of CoreCivic in a research note on Tuesday, February 11th.

CoreCivic Price Performance

NYSE:CXW traded up $0.33 during trading hours on Friday, hitting $19.16. 1,658,829 shares of the stock were exchanged, compared to its average volume of 1,332,988. CoreCivic has a 52-week low of $10.74 and a 52-week high of $24.99. The firm's fifty day moving average price is $21.13 and its 200 day moving average price is $17.42. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. The company has a market cap of $2.11 billion, a P/E ratio of 28.59 and a beta of 1.00.

CoreCivic (NYSE:CXW - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.06. CoreCivic had a return on equity of 6.55% and a net margin of 3.85%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CXW. Bank of Montreal Can raised its stake in shares of CoreCivic by 8.0% in the fourth quarter. Bank of Montreal Can now owns 12,742 shares of the real estate investment trust's stock valued at $277,000 after acquiring an additional 944 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of CoreCivic by 25.5% in the fourth quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust's stock valued at $102,000 after acquiring an additional 953 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of CoreCivic by 2.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,000 shares of the real estate investment trust's stock valued at $1,348,000 after acquiring an additional 1,322 shares in the last quarter. State of Wyoming raised its stake in shares of CoreCivic by 7.5% in the fourth quarter. State of Wyoming now owns 20,796 shares of the real estate investment trust's stock valued at $452,000 after acquiring an additional 1,443 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of CoreCivic by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 57,312 shares of the real estate investment trust's stock valued at $1,246,000 after acquiring an additional 1,450 shares in the last quarter. 85.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other CoreCivic news, EVP Anthony L. Grande sold 26,000 shares of the company's stock in a transaction 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 in the company, valued at $2,825,288.40. This represents a 16.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Emkes sold 16,000 shares of the company's stock in a transaction 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 owns 149,264 shares in the company, valued at $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. Company insiders own 1.89% 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.