CoreCivic (NYSE:CXW) Announces Earnings Results

Key Points

• CoreCivic reported quarterly EPS of $0.40, falling short of the $0.56 analyst estimate, even though revenue of $614.73 million topped expectations and rose 25.8% year over year.
• The company updated FY 2026 guidance to an EPS range of 2.580 to 2.680, signaling its outlook for future earnings.
• Shares fell to $20.37 in Friday trading, while analysts remain generally positive with a Moderate Buy consensus and an average price target of $32.00.

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

CoreCivic Price Performance

CoreCivic stock traded down $1.45 during midday trading on Friday, reaching $20.37. 1,979,443 shares of the stock 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. CoreCivic has a 12 month low of $15.73 and a 12 month high of $23.20. The stock's fifty day moving average is $19.52 and its 200-day moving average is $18.89. The stock has a market cap of $2.01 billion, a P/E ratio of 16.56 and a beta of 0.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. increased its position in CoreCivic by 45.3% in the fourth quarter. Invesco Ltd. now owns 1,162,854 shares of the real estate investment trust's stock worth $22,222,000 after purchasing an additional 362,451 shares during the last quarter. XTX Topco Ltd purchased a new stake in CoreCivic during the fourth quarter valued at $5,508,000. Summit Securities Group LLC bought a new position in CoreCivic during the fourth quarter valued at $137,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of CoreCivic in the 4th quarter worth $744,000. Finally, Millennium Management LLC grew its stake in shares of CoreCivic by 14.2% in the 4th quarter. Millennium Management LLC now owns 924,516 shares of the real estate investment trust's stock worth $17,668,000 after buying an additional 114,981 shares in the last quarter. 85.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CXW has been the topic of several recent research reports. JonesTrading restated a "buy" rating and issued a $30.00 price target on shares of CoreCivic in a research note 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 assumed coverage on shares of CoreCivic in a research note on Tuesday, March 24th. They issued a "buy" rating and a $28.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $32.00.

CoreCivic Company Profile

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.

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