CoreCivic (NYSE:CXW) Releases 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) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 1.990-2.070 for the period, compared to the consensus EPS estimate of 0.928. The company issued revenue guidance of -.

CoreCivic Stock Down 1.5%

Shares of CXW stock traded down $0.31 during mid-day trading on Monday, hitting $20.20. The company's stock had a trading volume of 895,588 shares, compared to its average volume of 1,074,771. CoreCivic has a 52-week low of $12.13 and a 52-week high of $24.99. The business has a 50-day moving average price of $20.89 and a 200 day moving average price of $20.67. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 21.48 and a beta of 0.80.

CoreCivic (NYSE:CXW - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.59 EPS for the quarter, topping the consensus estimate of $0.43 by $0.16. CoreCivic had a return on equity of 7.12% and a net margin of 5.21%. The company had revenue of $538.17 million during the quarter, compared to analyst estimates of $499.02 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. CoreCivic's revenue was up 9.8% compared to the same quarter last year. Research analysts predict that CoreCivic will post 1.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on CXW. Wall Street Zen raised CoreCivic from a "hold" rating to a "strong-buy" rating in a report on Saturday. Jones Trading reaffirmed a "buy" rating and issued a $30.00 price objective on shares of CoreCivic in a report on Thursday. Finally, Wedbush reaffirmed an "outperform" rating and issued a $38.00 price objective on shares of CoreCivic in a report on Wednesday, June 11th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, CoreCivic currently has an average rating of "Buy" and an average target price of $33.33.

Insider Buying and Selling at CoreCivic

In other CoreCivic news, Director Stacia Hylton sold 4,000 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $21.69, for a total transaction of $86,760.00. Following the completion of the sale, the director owned 82,969 shares of the company's stock, valued at approximately $1,799,597.61. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Patrick D. Swindle sold 23,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $22.39, for a total value of $514,970.00. Following the sale, the chief operating officer directly owned 241,630 shares of the company's stock, valued at $5,410,095.70. This represents a 8.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 184,246 shares of company stock valued at $4,061,215 in the last ninety days. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CoreCivic

Hedge funds have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 worth $4,473,000 after acquiring an additional 4,977 shares during the period. Intech Investment Management LLC boosted its stake in shares of CoreCivic by 12.2% in the first quarter. Intech Investment Management LLC now owns 73,281 shares of the real estate investment trust's stock worth $1,487,000 after acquiring an additional 7,971 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of CoreCivic by 4.6% in the first 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 acquiring an additional 2,828 shares during the period. Royal Bank of Canada boosted its stake in shares of CoreCivic by 49.2% in the first quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust's stock worth $1,207,000 after acquiring an additional 19,630 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of CoreCivic by 69.8% in the first quarter. AQR Capital Management LLC now owns 28,120 shares of the real estate investment trust's stock worth $571,000 after acquiring an additional 11,557 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.