Noble Financial Forecasts CoreCivic's Q3 Earnings (NYSE:CXW)

Key Points

• Noble Financial raised its Q3 2026 EPS forecast for CoreCivic to $0.64 from $0.62 and maintained an “Outperform” rating. The firm projects $2.70 EPS for FY2026 and $3.62 for FY2027.
• CoreCivic authorized a $500 million stock-repurchase program, allowing it to buy back up to 15.7% of outstanding shares. The move may support per-share earnings and signals management believes the stock is undervalued.
• Analyst sentiment remains positive, with CoreCivic carrying an average “Buy” rating and a $37 average price target, but investors should note recent insider selling totaling roughly $4.3 million by an executive and a director.

CoreCivic, Inc. (NYSE:CXW - Free Report) - Investment analysts at Noble Financial boosted their Q3 2026 earnings per share (EPS) estimates for CoreCivic in a note issued to investors on Tuesday, August 11th. Noble Financial analyst J. Gomes now forecasts that the real estate investment trust will earn $0.64 per share for the quarter, up from their previous forecast of $0.62. 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. Noble Financial also issued estimates for CoreCivic's Q4 2026 earnings at $0.78 EPS, FY2026 earnings at $2.70 EPS and FY2027 earnings at $3.62 EPS.

CXW has been the topic of a number of other reports. Northland Securities set a $40.00 price objective on shares of CoreCivic in a report on Friday, June 26th. UBS Group set a $35.00 price target on shares of CoreCivic in a research report on Tuesday, July 7th. Weiss Ratings upgraded shares of CoreCivic from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, July 1st. Wall Street Zen raised shares of CoreCivic from a "hold" rating to a "buy" rating in a research report on Monday. Finally, Benchmark increased their price objective on shares of CoreCivic from $41.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $37.00.

CoreCivic Stock Down 1.2%

Shares of NYSE:CXW opened at $33.52 on Thursday. The business's 50 day moving average is $29.94 and its 200 day moving average is $23.21. CoreCivic has a 12-month low of $15.73 and a 12-month high of $34.86. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 26.82 and a beta of 0.58. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.86.

CoreCivic announced that its board has initiated a stock repurchase program on Monday, August 10th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 15.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Lucibeth Mayberry sold 120,000 shares of the company's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $33.29, for a total transaction of $3,994,800.00. Following the transaction, the executive vice president owned 149,329 shares of the company's stock, valued at $4,971,162.41. This represents a 44.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Devin Ignatius Murphy sold 8,098 shares of CoreCivic stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $33.79, for a total value of $273,631.42. Following the completion of the sale, the director directly owned 63,826 shares of the company's stock, valued at approximately $2,156,680.54. This trade represents a 11.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.76% of the company's stock.

Hedge Funds Weigh In On CoreCivic

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NBC Securities Inc. raised its position in shares of CoreCivic by 533.9% in the fourth quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 1,228 shares during the period. Persistent Asset Partners Ltd bought a new position in CoreCivic in the 2nd quarter worth approximately $52,000. Leonteq Securities AG purchased a new position in CoreCivic in the 4th quarter valued at approximately $57,000. Smartleaf Asset Management LLC grew its stake in 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 valued at $59,000 after buying an additional 702 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in 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 buying an additional 2,546 shares in the last quarter. Institutional investors own 85.13% of the company's stock.

CoreCivic News Summary

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Large buyback supports valuation: CoreCivic authorized a $500 million repurchase program, allowing the company to buy back as much as 15.7% of its outstanding shares. The authorization may support earnings per share and signals that management views the stock as undervalued. CoreCivic shares climb 5% after launching $500 million accelerated buyback
• Positive Sentiment: Higher FY2027 forecast: Noble Financial raised its FY2027 earnings-per-share estimate to $3.19 from $2.73 and maintained an “Outperform” rating. The increase suggests expectations for stronger profitability over the longer term.
• Neutral Sentiment: Mixed earnings revisions: Noble Financial lowered its Q3 2026 EPS estimate to $0.62 from $0.68 and trimmed its FY2026 estimate to $2.61 from $2.64. However, the firm’s longer-term FY2027 upgrade partially offsets the near-term caution.
• Neutral Sentiment: Q2 earnings-call discussion: Coverage of the company’s top analyst questions from its second-quarter earnings call could provide additional insight into operating trends, facility demand, government contracts and management’s outlook. The top 5 analyst questions from CoreCivic’s Q2 earnings call
• Negative Sentiment: Insider selling adds pressure: EVP Lucibeth Mayberry sold 120,000 shares worth approximately $4.0 million, reducing her holdings by 44.56%. Director Devin Ignatius Murphy also sold 8,098 shares worth about $273,600. While insider sales do not necessarily indicate deteriorating fundamentals, the size and timing of the transactions may concern investors.
• Negative Sentiment: Short interest increased sharply: Shares sold short rose 65.8% from mid-July to July 31, reaching about 3.57 million shares, or 3.7% of the float. The increase indicates growing bearish positioning and may contribute to volatility.

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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