Wedbush Comments on CoreCivic's Q1 Earnings (NYSE:CXW)

CoreCivic, Inc. (NYSE:CXW - Free Report) - Wedbush lifted their Q1 2025 earnings per share estimates for CoreCivic in a note issued to investors on Tuesday, December 10th. Wedbush analyst J. Mccanless now anticipates that the real estate investment trust will post earnings per share of $0.39 for the quarter, up from their prior estimate of $0.36. Wedbush has a "Outperform" rating and a $30.00 price objective on the stock. The consensus estimate for CoreCivic's current full-year earnings is $1.64 per share. Wedbush also issued estimates for CoreCivic's Q2 2025 earnings at $0.42 EPS, Q3 2025 earnings at $0.45 EPS, Q4 2025 earnings at $0.46 EPS, FY2025 earnings at $1.71 EPS and FY2026 earnings at $0.00 EPS.

Separately, Northland Securities increased their target price on shares of CoreCivic from $17.00 to $32.00 and gave the stock an "outperform" rating in a report on Friday, November 8th.

CoreCivic Trading Down 1.8 %

CoreCivic stock traded down $0.39 during midday trading on Wednesday, hitting $21.86. 962,833 shares of the stock were exchanged, compared to its average volume of 1,020,445. The stock has a market capitalization of $2.41 billion, a PE ratio of 33.21 and a beta of 1.02. The company has a fifty day simple moving average of $17.62 and a two-hundred day simple moving average of $14.86. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.66. CoreCivic has a 52 week low of $10.74 and a 52 week high of $24.99.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Headlands Technologies LLC acquired a new stake in CoreCivic in the 2nd quarter valued at approximately $29,000. nVerses Capital LLC acquired a new stake in shares of CoreCivic in the second quarter valued at approximately $40,000. GAMMA Investing LLC lifted its position in shares of CoreCivic by 77.7% in the third quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 1,632 shares in the last quarter. Innealta Capital LLC acquired a new position in CoreCivic during the second quarter worth $87,000. Finally, Chesapeake Capital Corp IL bought a new position in CoreCivic in the third quarter valued at $139,000. 85.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Anne L. Mariucci sold 10,000 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the sale, the director now directly owns 101,936 shares in the company, valued at $2,446,464. This trade represents a 8.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Anthony L. Grande sold 26,000 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total transaction 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. Insiders sold 110,000 shares of company stock worth $2,490,520 over the last ninety days. 2.21% of the stock is currently owned by corporate 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.