CoreCivic (NYSE:CXW – Get Free Report) is anticipated to release its earnings data after the market closes on Monday, February 10th. Analysts expect CoreCivic to post earnings of $0.33 per share and revenue of $465.17 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
CoreCivic Price Performance
CXW stock opened at $18.39 on Friday. The stock has a 50-day moving average price of $21.55 and a two-hundred day moving average price of $17.16. CoreCivic has a 1 year low of $10.74 and a 1 year high of $24.99. The stock has a market cap of $2.03 billion, a PE ratio of 27.45 and a beta of 1.00. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66.
Wall Street Analysts Forecast Growth
CXW has been the subject of a number of research reports. Wedbush upgraded CoreCivic from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $19.00 to $30.00 in a report on Tuesday, December 10th. 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 note on Friday, November 8th.
Insider Transactions at CoreCivic
In other CoreCivic news, 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 in the company, valued at $3,388,292.80. This trade represents a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the executive vice president now 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 a total of 102,000 shares of company stock worth $2,389,880 in the last three months. Insiders own 2.21% of the company’s stock.
About CoreCivic
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.
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