FY2025 EPS Estimates for CoreCivic Decreased by Analyst

CoreCivic, Inc. (NYSE:CXW) – Investment analysts at Noble Financial decreased their FY2025 EPS estimates for CoreCivic in a research note issued to investors on Wednesday, February 12th. Noble Financial analyst J. Gomes now anticipates that the real estate investment trust will earn $1.61 per share for the year, down from their prior estimate of $1.67. 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 FY2026 earnings at $1.85 EPS.

CoreCivic (NYSE:CXW) last issued its quarterly earnings data 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 net margin of 3.85% and a return on equity of 6.55%.

A number of other analysts have also recently commented on the stock. StockNews.com raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Friday. Wedbush reissued an “outperform” rating and set a $30.00 target price on shares of CoreCivic in a research note on Tuesday, February 11th. Finally, Northland Securities boosted their target price 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.

CoreCivic Stock Down 1.5 %

CXW stock opened at $18.78 on Monday. The stock has a market capitalization of $2.07 billion, a P/E ratio of 28.03 and a beta of 1.00. The firm has a 50-day simple moving average of $21.19 and a 200-day simple moving average of $17.38. 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.

Insider Activity at CoreCivic

In related news, EVP Anthony L. Grande sold 26,000 shares of the company’s stock in a transaction dated 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 owns 127,380 shares of the company’s stock, valued at approximately $2,825,288.40. This represents a 16.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Emkes sold 16,000 shares of the company’s stock in a transaction dated 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 directly owns 149,264 shares of the company’s stock, valued at approximately $3,388,292.80. This represents a 9.68 % decrease in their position. The disclosure for this sale can be found here. 1.89% of the stock is owned by corporate insiders.

Institutional Trading of CoreCivic

Several hedge funds have recently made changes to their positions in CXW. nVerses Capital LLC grew its stake in shares of CoreCivic by 177.4% in the 3rd quarter. nVerses Capital LLC now owns 8,600 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 5,500 shares during the period. abrdn plc grew its stake in shares of CoreCivic by 8.7% in the 3rd quarter. abrdn plc now owns 1,031,400 shares of the real estate investment trust’s stock valued at $13,047,000 after buying an additional 82,500 shares during the period. River Road Asset Management LLC grew its stake in shares of CoreCivic by 0.5% in the 3rd quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock valued at $108,937,000 after buying an additional 40,365 shares during the period. Hourglass Capital LLC grew its stake in shares of CoreCivic by 2.1% in the 3rd quarter. Hourglass Capital LLC now owns 121,380 shares of the real estate investment trust’s stock valued at $1,535,000 after buying an additional 2,490 shares during the period. Finally, Chesapeake Capital Corp IL purchased a new stake in shares of CoreCivic in the 3rd quarter valued at approximately $139,000. Hedge funds and other institutional investors own 85.13% 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.