CoreCivic (NYSE:CXW) Updates FY 2025 Earnings Guidance

Key Points

• CoreCivic (NYSE:CXW) has updated its FY 2025 earnings guidance, projecting earnings per share (EPS) of 1.990-2.070, significantly above the consensus estimate of 0.928.
• The company's recent earnings report showed that CoreCivic achieved $0.59 EPS, exceeding analysts' expectations and generating $538.17 million in revenue for the quarter, a 9.8% increase year-over-year.
• Several hedge funds have recently increased their stakes in CoreCivic, with Royal Bank of Canada boosting its investment by 49.2% during the first quarter.

CoreCivic (NYSE:CXW - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.990-2.070 for the period, compared to the consensus estimate of 0.928. The company issued revenue guidance of -.

CoreCivic Price Performance

CoreCivic stock traded up $0.50 during mid-day trading on Thursday, hitting $20.10. The stock had a trading volume of 1,010,451 shares, compared to its average volume of 1,112,411. The firm has a market capitalization of $2.19 billion, a P/E ratio of 26.42 and a beta of 0.80. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.66. The firm's 50 day moving average is $20.99 and its 200 day moving average is $20.74. CoreCivic has a one year low of $12.13 and a one year high of $24.99.

CoreCivic (NYSE:CXW - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.16. The business had revenue of $538.17 million for the quarter, compared to the consensus estimate of $499.02 million. CoreCivic had a net margin of 4.33% and a return on equity of 5.75%. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. On average, sell-side analysts forecast that CoreCivic will post 1.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CXW. Jones Trading reaffirmed a "buy" rating and issued a $30.00 price target on shares of CoreCivic in a report on Friday, July 18th. Wall Street Zen downgraded shares of CoreCivic from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, Wedbush reiterated an "outperform" rating and set a $38.00 price target on shares of CoreCivic in a report on Wednesday, June 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $33.33.

Insider Activity at CoreCivic

In related news, EVP Anthony L. Grande sold 10,000 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $22.22, for a total value of $222,200.00. Following the completion of the sale, the executive vice president owned 180,559 shares of the company's stock, valued at $4,012,020.98. This represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Lucibeth Mayberry sold 75,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $21.49, for a total transaction of $1,611,750.00. Following the completion of the sale, the executive vice president owned 211,232 shares in the company, valued at approximately $4,539,375.68. This trade represents a 26.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 184,246 shares of company stock valued at $4,061,215. Company insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On CoreCivic

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CXW. Royal Bank of Canada boosted its stake in CoreCivic by 49.2% in the 1st quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust's stock valued at $1,207,000 after purchasing an additional 19,630 shares during the period. AQR Capital Management LLC increased its holdings in CoreCivic by 69.8% in the 1st quarter. AQR Capital Management LLC now owns 28,120 shares of the real estate investment trust's stock worth $571,000 after purchasing an additional 11,557 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in CoreCivic by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,828 shares of the real estate investment trust's stock worth $1,315,000 after purchasing an additional 2,828 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in CoreCivic by 3,884.2% in the 1st quarter. Jones Financial Companies Lllp now owns 18,885 shares of the real estate investment trust's stock worth $383,000 after purchasing an additional 18,411 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of CoreCivic by 2.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,467 shares of the real estate investment trust's stock valued at $4,473,000 after buying an additional 4,977 shares during the period. 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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