CoreCivic (NYSE:CXW) Posts Earnings Results, Misses Estimates By $0.16 EPS

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

CoreCivic Stock Performance

Shares of CXW traded down $1.45 during trading hours on Friday, reaching $20.37. 1,979,443 shares of the company traded hands, compared to its average volume of 903,458. The company has a quick ratio of 1.66, a current ratio of 2.44 and a debt-to-equity ratio of 0.99. The business has a fifty day moving average price of $19.52 and a 200-day moving average price of $18.89. CoreCivic has a 12-month low of $15.73 and a 12-month high of $23.20. The stock has a market capitalization of $2.01 billion, a P/E ratio of 16.56 and a beta of 0.68.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CXW shares. JonesTrading reaffirmed a “buy” rating and set a $30.00 target price on shares of CoreCivic in a research report on Friday, February 13th. Wall Street Zen raised CoreCivic from a “hold” rating to a “buy” rating in a report on Sunday, April 19th. Finally, Benchmark began coverage on shares of CoreCivic in a report on Tuesday, March 24th. They set a “buy” rating and a $28.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $32.00.

Institutional Trading of CoreCivic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CXW. Smartleaf Asset Management LLC increased its holdings in shares of CoreCivic by 33.0% in the second quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 702 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of CoreCivic during the fourth quarter worth about $71,000. Summit Securities Group LLC acquired a new stake in shares of CoreCivic during the fourth quarter worth about $137,000. Evergreen Capital Management LLC purchased a new stake in CoreCivic in the second quarter valued at approximately $202,000. Finally, Osaic Holdings Inc. increased its holdings in CoreCivic by 19.1% in the 2nd quarter. Osaic Holdings Inc. now owns 10,102 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 1,618 shares during the period. Institutional investors and hedge funds own 85.13% of the company’s stock.

About CoreCivic

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.