Wedbush Weighs in on CoreCivic’s Q1 Earnings (NYSE:CXW)

CoreCivic, Inc. (NYSE:CXW) – Analysts at Wedbush lowered their Q1 2025 earnings per share estimates for CoreCivic in a research report issued to clients and investors on Tuesday, February 11th. Wedbush analyst J. Mccanless now expects that the real estate investment trust will earn $0.34 per share for the quarter, down from their prior estimate 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 quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. CoreCivic had a return on equity of 6.55% and a net margin of 3.85%.

A number of other equities analysts also recently commented on the stock. Northland Securities upped 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. Noble Financial raised CoreCivic from a “market perform” rating to an “outperform” rating in a research note on Wednesday.

CoreCivic Trading Up 6.5 %

NYSE CXW opened at $19.22 on Thursday. CoreCivic has a 12 month low of $10.74 and a 12 month high of $24.99. The company’s 50-day moving average price is $21.30 and its 200-day moving average price is $17.29. The stock has a market cap of $2.12 billion, a PE ratio of 28.69 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.

Insider Buying and Selling

In other news, EVP Anthony L. Grande sold 26,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total value 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Emkes sold 16,000 shares of CoreCivic 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 transaction, the director now directly owns 149,264 shares in the company, valued at approximately $3,388,292.80. The trade was a 9.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.89% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in CoreCivic by 47.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,459 shares of the real estate investment trust’s stock valued at $2,447,000 after purchasing an additional 62,022 shares in the last quarter. Barclays PLC lifted its position in shares of CoreCivic by 312.4% during the third quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust’s stock valued at $2,331,000 after buying an additional 139,631 shares during the last quarter. River Road Asset Management LLC boosted its holdings 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 in the last quarter. Algert Global LLC grew its position in shares of CoreCivic by 348.2% in the 3rd quarter. Algert Global LLC now owns 50,883 shares of the real estate investment trust’s stock worth $644,000 after buying an additional 39,530 shares during the last quarter. Finally, Tandem Financial LLC bought a new position in shares of CoreCivic during the 4th quarter worth approximately $573,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

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.