Brokers Offer Predictions for CoreCivic FY2025 Earnings

CoreCivic, Inc. (NYSE:CXW - Free Report) - Equities research analysts at Noble Financial boosted their FY2025 earnings estimates for shares of CoreCivic in a research report issued on Monday, May 12th. Noble Financial analyst J. Gomes now anticipates that the real estate investment trust will post earnings of $1.74 per share for the year, up from their previous forecast of $1.61. Noble Financial currently has a "Outperform" rating on the stock. The consensus estimate for CoreCivic's current full-year earnings is $1.50 per share. Noble Financial also issued estimates for CoreCivic's Q4 2025 earnings at $0.45 EPS.

CoreCivic (NYSE:CXW - Get Free Report) last issued its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.10. The company had revenue of $488.60 million for the quarter, compared to analyst estimates of $478.49 million. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. The business's revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS.

Other equities analysts also recently issued reports about the stock. Wedbush reissued an "outperform" rating and set a $30.00 target price on shares of CoreCivic in a research report on Tuesday, February 11th. StockNews.com upgraded shares of CoreCivic from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th.

CoreCivic Stock Performance

CXW stock opened at $21.72 on Wednesday. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 35.61 and a beta of 0.79. The firm has a 50 day moving average of $21.01 and a two-hundred day moving average of $20.61. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65. CoreCivic has a 12 month low of $10.74 and a 12 month high of $24.99.

Institutional Trading of CoreCivic

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CXW. GAMMA Investing LLC increased its position in CoreCivic by 10.0% during the first quarter. GAMMA Investing LLC now owns 5,156 shares of the real estate investment trust's stock worth $105,000 after acquiring an additional 470 shares during the period. Bank of Montreal Can raised its stake in shares of CoreCivic by 8.0% in the fourth quarter. Bank of Montreal Can now owns 12,742 shares of the real estate investment trust's stock valued at $277,000 after purchasing an additional 944 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in CoreCivic by 2.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,000 shares of the real estate investment trust's stock worth $1,348,000 after buying an additional 1,322 shares in the last quarter. State of Wyoming increased its holdings in CoreCivic by 7.5% in the 4th quarter. State of Wyoming now owns 20,796 shares of the real estate investment trust's stock valued at $452,000 after buying an additional 1,443 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of CoreCivic by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 57,312 shares of the real estate investment trust's stock worth $1,246,000 after acquiring an additional 1,450 shares during the period. Institutional investors and hedge funds own 85.13% of the company's stock.

CoreCivic Company Profile

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.

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