FY2027 EPS Estimates for CoreCivic Lifted by Noble Financial

Key Points

• Noble Financial raised CoreCivic’s FY2027 EPS estimate to $3.19 from $2.73 and maintained an “Outperform” rating, above the current full-year consensus estimate of $2.64.
• CoreCivic authorized a $500 million share repurchase program, allowing it to buy back up to 15.7% of outstanding shares. The stock was trading up 2.6%, near its 52-week high.
• Analyst sentiment remains broadly positive, with CoreCivic carrying a consensus “Buy” rating and a $37 average price target, although Noble Financial lowered its near-term 2026 EPS forecasts.

CoreCivic, Inc. (NYSE:CXW - Free Report) - Equities research analysts at Noble Financial boosted their FY2027 earnings per share (EPS) estimates for CoreCivic in a research report issued to clients and investors on Monday, August 10th. Noble Financial analyst J. Gomes now forecasts that the real estate investment trust will post earnings per share of $3.19 for the year, up from their previous forecast of $2.73. Noble Financial currently has a "Outperform" rating on the stock. The consensus estimate for CoreCivic's current full-year earnings is $2.64 per share.

A number of other equities research analysts have also weighed in on the company. Benchmark raised their price objective on CoreCivic from $41.00 to $45.00 and gave the company a "buy" rating in a research note on Friday. UBS Group set a $35.00 target price on CoreCivic in a research report on Tuesday, July 7th. JonesTrading reiterated a "buy" rating and set a $30.00 target price on shares of CoreCivic in a research note on Wednesday, August 5th. Wall Street Zen raised shares of CoreCivic from a "hold" rating to a "buy" rating in a research report on Monday. Finally, Weiss Ratings upgraded shares of CoreCivic from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $37.00.

CoreCivic Trading Up 2.6%

NYSE:CXW opened at $33.86 on Wednesday. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 27.09 and a beta of 0.58. CoreCivic has a one year low of $15.73 and a one year high of $34.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 1.32. The business's 50-day simple moving average is $29.71 and its 200 day simple moving average is $23.12.

CoreCivic announced that its board has initiated a stock buyback plan on Monday, August 10th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase up to 15.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

Hedge Funds Weigh In On CoreCivic

Hedge funds have recently bought and sold shares of the company. NBC Securities Inc. raised its stake in CoreCivic by 533.9% during the fourth quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 1,228 shares in the last quarter. Persistent Asset Partners Ltd bought a new position in CoreCivic during the 2nd quarter worth approximately $52,000. Leonteq Securities AG acquired a new position in shares of CoreCivic in the 4th quarter worth approximately $57,000. Smartleaf Asset Management LLC grew 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 acquiring an additional 702 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of CoreCivic by 320.7% in the 4th quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust's stock valued at $64,000 after acquiring an additional 2,546 shares during the last quarter. 85.13% of the stock is currently owned by institutional investors and hedge funds.

More CoreCivic News

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: CoreCivic authorized a $500 million accelerated share repurchase, allowing the company to buy back as much as 15.7% of its outstanding shares. The announcement drove a strong investor response and is the main catalyst behind the stock’s recent advance. CoreCivic Announces $500 Million Accelerated Share Repurchase Agreement
• Positive Sentiment: WallStreetZen upgraded CXW to Buy, adding to the favorable sentiment surrounding the stock. CoreCivic Upgraded to Buy at Wall Street Zen
• Neutral Sentiment: Short interest rose 65.8% in July to 3.57 million shares, or about 3.7% of shares outstanding, with 3.8 days to cover. The increase reflects greater bearish positioning, but it could also amplify any further gains if short sellers are forced to cover.
• Negative Sentiment: Noble Financial reduced its third-quarter 2026 EPS forecast to $0.62 from $0.68 and cut its full-year 2026 estimate to $2.61 from $2.64. The revisions suggest somewhat weaker near-term earnings expectations, although Noble retained an “Outperform” rating. The new annual estimate is also below the broader consensus of $2.66 per share.

About CoreCivic

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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