CoreCivic (CXW) Set to Announce Earnings on Wednesday

CoreCivic (NYSE:CXW) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect CoreCivic to post earnings of $0.32 per share for the quarter. CoreCivic has set its FY24 guidance at $1.48 to $1.56 EPS and its FY 2024 guidance at 1.480-1.560 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

CoreCivic (NYSE:CXW) last posted its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). The business had revenue of $490.11 million for the quarter, compared to analyst estimates of $481.87 million. CoreCivic had a return on equity of 6.10% and a net margin of 3.50%. CoreCivic’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS. On average, analysts expect CoreCivic to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CoreCivic Stock Performance

NYSE:CXW opened at $13.31 on Monday. CoreCivic has a twelve month low of $10.74 and a twelve month high of $16.54. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.70. The stock’s 50-day simple moving average is $13.27 and its 200 day simple moving average is $13.73. The firm has a market capitalization of $1.47 billion, a PE ratio of 22.18 and a beta of 0.86.

Analyst Ratings Changes

Separately, Wedbush reaffirmed a “neutral” rating and set a $14.00 price target on shares of CoreCivic in a report on Friday, September 13th.

Insider Buying and Selling

In other CoreCivic news, EVP Cole G. Carter sold 8,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $12.58, for a total value of $100,640.00. Following the completion of the transaction, the executive vice president now directly owns 207,847 shares in the company, valued at approximately $2,614,715.26. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider David K. Churchill sold 35,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $12.62, for a total value of $441,700.00. Following the sale, the insider now owns 229,056 shares of the company’s stock, valued at $2,890,686.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Cole G. Carter sold 8,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $12.58, for a total value of $100,640.00. Following the completion of the sale, the executive vice president now owns 207,847 shares of the company’s stock, valued at $2,614,715.26. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 169,996 shares of company stock worth $2,177,640 in the last 90 days. Insiders own 1.89% of the company’s stock.

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.