Wedbush Brokers Lower Earnings Estimates for CoreCivic

CoreCivic, Inc. (NYSE:CXW) – Wedbush lowered their Q1 2025 earnings estimates for shares of CoreCivic in a research note issued on Tuesday, February 11th. Wedbush analyst J. Mccanless now anticipates that the real estate investment trust will post earnings of $0.34 per share for the quarter, down from their prior forecast of $0.39. Wedbush currently has a “Outperform” rating and a $30.00 target price 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 $0.37 EPS, Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.38 EPS and FY2025 earnings at $1.46 EPS.

CoreCivic (NYSE:CXW) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. CoreCivic had a net margin of 3.85% and a return on equity of 6.55%.

Several other research firms have also issued reports on CXW. Northland Securities upped their price target on shares of CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Noble Financial raised shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research note on Wednesday.

CoreCivic Stock Down 0.7 %

Shares of NYSE:CXW opened at $19.05 on Thursday. The firm has a fifty day moving average of $21.30 and a 200 day moving average of $17.29. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51. CoreCivic has a 52-week low of $10.74 and a 52-week high of $24.99. The firm has a market capitalization of $2.10 billion, a PE ratio of 28.44 and a beta of 1.00.

Institutional Investors Weigh In On CoreCivic

A number of institutional investors have recently made changes to their positions in the company. River Road Asset Management LLC boosted its holdings in CoreCivic by 0.5% in the third quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock worth $108,937,000 after purchasing an additional 40,365 shares during the last quarter. Cooper Creek Partners Management LLC raised its position in CoreCivic by 9.9% in the fourth quarter. Cooper Creek Partners Management LLC now owns 6,127,227 shares of the real estate investment trust’s stock worth $133,206,000 after acquiring an additional 553,336 shares during the period. FMR LLC raised its position in CoreCivic by 3.8% in the third quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock worth $64,739,000 after acquiring an additional 186,310 shares during the period. State Street Corp raised its position in shares of CoreCivic by 0.4% during the 3rd quarter. State Street Corp now owns 4,200,268 shares of the real estate investment trust’s stock valued at $53,133,000 after purchasing an additional 18,415 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of CoreCivic by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,570,005 shares of the real estate investment trust’s stock valued at $32,517,000 after purchasing an additional 18,410 shares during the period. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Insider Buying and Selling

In other news, Director Mark A. Emkes sold 16,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $22.70, for a total transaction of $363,200.00. Following the sale, the director now owns 149,264 shares in the company, valued at $3,388,292.80. This represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Anthony L. Grande sold 26,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 127,380 shares in the company, valued at approximately $2,825,288.40. The trade was a 16.95 % decrease in their position. The disclosure for this sale can be found here. 1.89% of the stock is owned by 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.