CoreCivic (NYSE:CXW) Updates FY 2026 Earnings Guidance

Key Points

• FY2026 EPS guidance set at 2.580–2.680, well above the consensus estimate of 1.80, while the company did not provide revenue guidance.
• Shares jumped 9.1% to $21.19 on heavy volume after the update, and analysts collectively rate the stock a "Moderate Buy" with an average price target of $32.
• CoreCivic recently beat quarterly EPS estimates ($0.40 vs. $0.30) and has high institutional ownership (85.13%), with several managers increasing their stakes.

CoreCivic (NYSE:CXW - Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.580-2.680 for the period, compared to the consensus EPS estimate of 1.800. The company issued revenue guidance of -.

CoreCivic Trading Up 9.1%

CXW stock traded up $1.77 during trading on Wednesday, reaching $21.19. 1,861,566 shares of the stock traded hands, compared to its average volume of 1,077,900. The firm has a market capitalization of $2.10 billion, a PE ratio of 19.62 and a beta of 0.68. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.66 and a quick ratio of 1.66. The business's 50 day moving average price is $19.32 and its 200-day moving average price is $18.84. CoreCivic has a 52-week low of $15.73 and a 52-week high of $23.54.

CoreCivic (NYSE:CXW - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.10. CoreCivic had a return on equity of 8.17% and a net margin of 5.27%.CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. As a group, sell-side analysts forecast that CoreCivic will post 2.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on CXW. Wall Street Zen raised shares of CoreCivic from a "hold" rating to a "buy" rating in a research report on Sunday, April 19th. Benchmark initiated coverage on shares of CoreCivic in a research report on Tuesday, March 24th. They issued a "buy" rating and a $28.00 price objective for the company. Finally, JonesTrading reissued a "buy" rating and issued a $30.00 target price on shares of CoreCivic in a research note on Friday, February 13th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, CoreCivic has a consensus rating of "Moderate Buy" and an average price target of $32.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its position in shares of CoreCivic by 33.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust's stock worth $59,000 after buying an additional 702 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of CoreCivic by 10.4% during the 2nd quarter. Lazard Asset Management LLC now owns 10,595 shares of the real estate investment trust's stock valued at $223,000 after buying an additional 1,002 shares during the last quarter. Osaic Holdings Inc. raised its stake in CoreCivic by 19.1% during the second quarter. Osaic Holdings Inc. now owns 10,102 shares of the real estate investment trust's stock worth $213,000 after acquiring an additional 1,618 shares during the period. Tidal Investments LLC raised its stake in CoreCivic by 14.5% during the second quarter. Tidal Investments LLC now owns 21,862 shares of the real estate investment trust's stock worth $461,000 after acquiring an additional 2,766 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in 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 last quarter. Institutional investors and hedge funds own 85.13% of the company's stock.

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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