CoreCivic FY2025 EPS Forecast Decreased by Zacks Small Cap

Key Points

• Zacks Small Cap has decreased its FY2025 EPS forecast for CoreCivic, now projecting earnings of $2.01 per share, down from $2.02.
• CoreCivic's current full-year earnings consensus estimate stands at $1.50 per share, reflecting its performance amid market fluctuations.
• Insider sales have occurred recently, with key executives selling thousands of shares, indicating changes in their positions at the company.

CoreCivic, Inc. (NYSE:CXW - Free Report) - Zacks Small Cap dropped their FY2025 EPS estimates for shares of CoreCivic in a report released on Monday, October 6th. Zacks Small Cap analyst M. Marin now forecasts that the real estate investment trust will earn $2.01 per share for the year, down from their previous forecast of $2.02. The consensus estimate for CoreCivic's current full-year earnings is $1.50 per share.

A number of other brokerages have also issued reports on CXW. Wedbush reiterated an "outperform" rating and issued a $38.00 price target on shares of CoreCivic in a report on Wednesday, June 11th. Jones Trading reiterated a "buy" rating and set a $30.00 price objective on shares of CoreCivic in a report on Thursday, August 7th. Wall Street Zen upgraded CoreCivic from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of CoreCivic in a research note on Saturday, September 27th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.33.

CoreCivic Trading Down 0.9%

Shares of NYSE CXW opened at $18.93 on Wednesday. The stock has a market capitalization of $2.03 billion, a P/E ratio of 20.13 and a beta of 0.75. The business's 50 day moving average is $20.42 and its two-hundred day moving average is $21.03. CoreCivic has a 1-year low of $12.45 and a 1-year high of $24.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.60 and a quick ratio of 1.60.

CoreCivic (NYSE:CXW - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.59 EPS for the quarter, beating the consensus estimate of $0.43 by $0.16. CoreCivic had a net margin of 5.21% and a return on equity of 7.12%. The business had revenue of $538.17 million during the quarter, compared to the consensus estimate of $499.02 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The business's revenue was up 9.8% on a year-over-year basis.

Insider Activity at CoreCivic

In other news, Director Thurgood Marshall, Jr. sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $20.52, for a total transaction of $123,120.00. Following the transaction, the director directly owned 44,023 shares in the company, valued at $903,351.96. The trade was a 11.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Anthony L. Grande sold 22,500 shares of CoreCivic stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $21.18, for a total transaction of $476,550.00. Following the sale, the executive vice president directly owned 135,559 shares in the company, valued at approximately $2,871,139.62. The trade was a 14.24% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,000 shares of company stock worth $1,042,545. Insiders own 2.30% of the company's stock.

Institutional Trading of CoreCivic

Several institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its position in CoreCivic by 2,132.5% in the first quarter. GAMMA Investing LLC now owns 104,615 shares of the real estate investment trust's stock valued at $2,123,000 after purchasing an additional 99,929 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of CoreCivic by 29.3% during the first quarter. Wedge Capital Management L L P NC now owns 79,527 shares of the real estate investment trust's stock worth $1,614,000 after purchasing an additional 18,036 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of CoreCivic by 46.7% during the first quarter. SG Americas Securities LLC now owns 208,496 shares of the real estate investment trust's stock worth $4,230,000 after purchasing an additional 66,402 shares in the last quarter. Ritholtz Wealth Management acquired a new position in CoreCivic in the first quarter valued at $764,000. Finally, Fortitude Advisory Group L.L.C. acquired a new position in CoreCivic in the first quarter valued at $307,000. Hedge funds and other institutional investors 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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