CoreCivic (NYSE:CXW) Issues Earnings Results

CoreCivic (NYSE:CXW) issued its quarterly earnings data on Wednesday. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.16), FiscalAI reports. CoreCivic had a return on equity of 9.29% and a net margin of 5.53%.The firm had revenue of $614.73 million for the quarter, compared to analysts’ expectations of $604.48 million. During the same period last year, the company earned $0.45 earnings per share. The firm’s revenue was up 25.8% on a year-over-year basis. CoreCivic updated its FY 2026 guidance to 2.580-2.680 EPS.

CoreCivic Trading Down 6.7%

Shares of CoreCivic stock traded down $1.45 during trading on Friday, hitting $20.37. The stock had a trading volume of 1,979,443 shares, compared to its average volume of 903,458. CoreCivic has a 12 month low of $15.73 and a 12 month high of $23.20. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.44 and a quick ratio of 1.66. The firm’s fifty day simple moving average is $19.52 and its 200-day simple moving average is $18.89. The stock has a market cap of $2.01 billion, a PE ratio of 16.56 and a beta of 0.68.

Institutional Investors Weigh In On CoreCivic

Institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC grew its position in CoreCivic by 33.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 702 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of CoreCivic during the fourth quarter valued at $71,000. Summit Securities Group LLC bought a new position in shares of CoreCivic in the fourth quarter worth about $137,000. CIBC Asset Management Inc purchased a new position in CoreCivic in the 4th quarter worth about $199,000. Finally, Evergreen Capital Management LLC bought a new stake in CoreCivic during the 2nd quarter valued at about $202,000. 85.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CXW. JonesTrading reaffirmed a “buy” rating and set a $30.00 price target on shares of CoreCivic in a research note on Friday, February 13th. Wall Street Zen upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Sunday, April 19th. Finally, Benchmark started coverage on shares of CoreCivic in a report on Tuesday, March 24th. They issued a “buy” rating and a $28.00 price target for the company. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

CoreCivic Company Profile

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.