CoreCivic (CXW) Stock Price, News & Analysis

Company Overview

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. Its correctional, detention, and residential reentry facilities offer rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment. The company owns and operates correctional and detention facilities, residential reentry centers, and properties for lease. CoreCivic, Inc. was founded in 1983 and is based in Brentwood, Tennessee.

Key Stats

• Today's Range: $20.38 to $21.32
• 50-Day Range: $13.19 to $23.94
• 52-Week Range: $10.74 to $24.99
• Volume: 3.92 million shs
• Average Volume: 1.03 million shs
• Market Capitalization: $2.30 billion
• P/E Ratio: 31.12
• Dividend Yield: N/A
• Price Target: $31.00
• Consensus Rating: Moderate Buy

CoreCivic Stock Analysis - MarketRank™

CoreCivic scored higher than 60% of companies evaluated by MarketBeat, and ranked 467th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

CoreCivic has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

CoreCivic has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 3.05%

Earnings Growth

Earnings for CoreCivic are expected to grow by 3.05% in the coming year, from $1.64 to $1.69 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of CoreCivic is 31.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of CoreCivic is 31.12, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 28.96.

Price to Book Value per Share Ratio

CoreCivic has a P/B Ratio of 1.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.28% of the float of CoreCivic has been sold short.

Short Interest Ratio / Days to Cover

CoreCivic has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CoreCivic has recently increased by 2.92%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

CoreCivic does not currently pay a dividend.

Dividend Growth

CoreCivic does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of CoreCivic is 262.69%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, CoreCivic will have a dividend payout ratio of 104.14% in the coming year. This indicates that CoreCivic may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.28% of the float of CoreCivic has been sold short.

Short Interest Ratio / Days to Cover

CoreCivic has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CoreCivic has recently increased by 2.92%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.79

News Sentiment

CoreCivic has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for CoreCivic this week, compared to 5 articles on an average week.

Search Interest

Only 2 people have searched for CXW on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

MarketBeat Follows

5 people have added CoreCivic to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, CoreCivic insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,490,520.00 in company stock.

Percentage Held by Insiders

Only 1.89% of the stock of CoreCivic is held by insiders.

Percentage Held by Institutions

85.13% of the stock of CoreCivic is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CXW Stock Analysis - Frequently Asked Questions

How have CXW shares performed this year?

CoreCivic's stock was trading at $14.53 at the start of the year. Since then, CXW shares have increased by 43.5% and is now trading at $20.85.
View the best growth stocks for 2024 here.

How were CoreCivic's earnings last quarter?

CoreCivic, Inc. (NYSE:CXW) announced its earnings results on Wednesday, August, 7th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.37 by $0.20. The business's revenue for the quarter was up 5.7% on a year-over-year basis.

Does CoreCivic have any subsidiaries?

CoreCivic subsidiaries include Time to Change Inc., Center Point Inc., Correctional Management, Avalon Correctional Services, ACS Corrections of Texas L.L.C., Avalon Corpus Christi Transitional Center LLC, Avalon Correctional Services Inc., and others.

Who are CoreCivic's major shareholders?

CoreCivic's top institutional investors include River Road Asset Management LLC (7.81%), FMR LLC (4.64%), State Street Corp (3.81%) and Geode Capital Management LLC (2.33%). Insiders that own company stock include Damon T Hininger, David Garfinkle, Lucibeth Mayberry, David K Churchill, Cole G Carter, Patrick D Swindle, Anthony L Grande, Anne L Mariucci, John R Prann Jr, Harley G Lappin and Thurgood Marshall Jr.
View institutional ownership trends.

How do I buy shares of CoreCivic?

Shares of CXW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of CoreCivic own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CoreCivic investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH) and TotalEnergies (TTE).

Company Calendar

• Last Earnings: 8/07/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Specialized REITs
• Current Symbol: NYSE:CXW
• CUSIP: 22025Y40
• CIK: 1070985
• Web: www.corecivic.com
• Phone: (615) 263-3000
• Fax: 615-263-3140
• Employees: 11,194
• Year Founded: 1983

Price Target and Rating

• Average Stock Price Target: $31.00
• High Stock Price Target: $32.00
• Low Stock Price Target: $30.00
• Potential Upside/Downside: +48.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.67
• Trailing P/E Ratio: 31.12
• Forward P/E Ratio: 12.71
• P/E Growth: N/A
• Net Income: $67.59 million
• Net Margins: 3.85%
• Pretax Margin: 5.25%
• Return on Equity: 6.55%
• Return on Assets: 3.20%

Debt

• Debt-to-Equity Ratio: 0.66
• Current Ratio: 1.51
• Quick Ratio: 1.51

Sales & Book Value

• Annual Sales: $1.97 billion
• Price / Sales: 1.16
• Cash Flow: $1.70 per share
• Price / Cash Flow: 12.30
• Book Value: $13.01 per share
• Price / Book: 1.60

Miscellaneous

• Outstanding Shares: 110,271,000
• Free Float: 108,187,000
• Market Cap: $2.30 billion
• Optionable: Optionable
• Beta: 1.02