CoreCivic FY2024 EPS Forecast Increased by Zacks Small Cap

CoreCivic, Inc. (NYSE:CXW) – Investment analysts at Zacks Small Cap lifted their FY2024 EPS estimates for shares of CoreCivic in a report issued on Monday, November 11th. Zacks Small Cap analyst M. Marin now anticipates that the real estate investment trust will post earnings of $1.64 per share for the year, up from their previous estimate of $1.49. The consensus estimate for CoreCivic’s current full-year earnings is $1.64 per share. Zacks Small Cap also issued estimates for CoreCivic’s Q4 2024 earnings at $0.33 EPS and FY2025 earnings at $1.69 EPS.

A number of other research analysts also recently issued reports on CXW. Wedbush reiterated a “neutral” rating and set a $14.00 price objective on shares of CoreCivic in a report on Friday, September 13th. Northland Securities lifted their price objective on shares of CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

CoreCivic Stock Performance

CXW opened at $21.52 on Tuesday. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 32.12 and a beta of 0.86. The business’s 50-day moving average price is $14.23 and its two-hundred day moving average price is $13.99. CoreCivic has a 1 year low of $10.74 and a 1 year high of $24.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.51.

Insider Activity at CoreCivic

In related news, Director Anne L. Mariucci sold 10,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the director now directly owns 101,936 shares of the company’s stock, valued at approximately $2,446,464. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider David K. Churchill sold 15,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $13.61, for a total transaction of $204,150.00. Following the transaction, the insider now directly owns 214,056 shares in the company, valued at $2,913,302.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anne L. Mariucci sold 10,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the sale, the director now directly owns 101,936 shares in the company, valued at approximately $2,446,464. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,000 shares of company stock valued at $2,094,790. 1.89% of the stock is owned by insiders.

Institutional Investors Weigh In On CoreCivic

Hedge funds have recently added to or reduced their stakes in the business. River Road Asset Management LLC raised its position in shares of CoreCivic by 0.5% in the third 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 purchasing an additional 40,365 shares during the period. BNP Paribas Financial Markets raised its holdings in CoreCivic by 159.3% in the 1st quarter. BNP Paribas Financial Markets now owns 115,555 shares of the real estate investment trust’s stock valued at $1,804,000 after acquiring an additional 70,999 shares during the period. Nisa Investment Advisors LLC lifted its position in CoreCivic by 85.8% during the second quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock worth $5,204,000 after acquiring an additional 185,075 shares during the last quarter. Resolute Capital Asset Partners LLC bought a new stake in shares of CoreCivic during the second quarter worth approximately $649,000. Finally, Dimensional Fund Advisors LP acquired a new position in shares of CoreCivic in the second quarter valued at approximately $1,115,000. Institutional investors and hedge funds own 85.13% 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.