Wedbush Weighs in on CoreCivic's Q2 Earnings (NYSE:CXW)

Key Points

• Wedbush analysts have raised their earnings estimates for CoreCivic, predicting $0.42 per share for Q2 2025, up from a previous estimate of $0.37, with an "Outperform" rating and a price target of $38.00.
• CoreCivic's latest quarterly earnings exceeded expectations, reporting $0.45 per share against a consensus of $0.35, with a revenue of $488.60 million.
• Insider selling has occurred, with CEO Damon T. Hininger selling 72,246 shares, reducing his ownership by 7.59% following a transaction of approximately $1.63 million.

CoreCivic, Inc. (NYSE:CXW - Free Report) - Equities researchers at Wedbush upped their Q2 2025 EPS estimates for shares of CoreCivic in a research note issued on Monday, August 4th. Wedbush analyst J. Mccanless now forecasts that the real estate investment trust will post earnings of $0.42 per share for the quarter, up from their previous forecast of $0.37. Wedbush has a "Outperform" rating and a $38.00 price objective on the stock. The consensus estimate for CoreCivic's current full-year earnings is $1.50 per share. Wedbush also issued estimates for CoreCivic's Q3 2025 earnings at $0.47 EPS and Q4 2025 earnings at $0.48 EPS.

CoreCivic (NYSE:CXW - Get Free Report) last released its earnings results 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 net margin of 5.21% and a return on equity of 7.12%. The company had revenue of $538.17 million during the quarter, compared to analysts' expectations of $499.02 million. During the same quarter last year, the business earned $0.42 EPS. The business's revenue was up 9.8% on a year-over-year basis.

Several other analysts have also recently commented on the stock. Jones Trading restated a "buy" rating and issued a $30.00 target price on shares of CoreCivic in a research note on Thursday. Wall Street Zen upgraded shares of CoreCivic from a "hold" rating to a "strong-buy" rating in a report on Saturday. Four investment 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, the stock has a consensus rating of "Buy" and an average price target of $33.33.

CoreCivic Stock Performance

Shares of CXW stock traded up $0.45 during mid-day trading on Tuesday, hitting $20.45. The stock had a trading volume of 1,575,533 shares, compared to its average volume of 1,028,214. CoreCivic has a fifty-two week low of $12.13 and a fifty-two week high of $24.99. The firm has a market cap of $2.23 billion, a PE ratio of 21.76 and a beta of 0.80. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.60 and a quick ratio of 1.55. The company's 50-day simple moving average is $20.92 and its 200-day simple moving average is $20.70.

Institutional Investors Weigh In On CoreCivic

Several large investors have recently made changes to their positions in the company. CWM LLC boosted its stake in shares of CoreCivic by 80.1% in the 2nd quarter. CWM LLC now owns 2,186 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 972 shares in the last quarter. Copia Wealth Management bought a new stake in shares of CoreCivic during the fourth quarter worth approximately $82,000. Russell Investments Group Ltd. increased its stake in shares of CoreCivic by 86,300.0% in the 4th quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust's stock valued at $94,000 after acquiring an additional 4,315 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of CoreCivic by 10.0% in the 1st quarter. GAMMA Investing LLC now owns 5,156 shares of the real estate investment trust's stock valued at $105,000 after acquiring an additional 470 shares during the last quarter. Finally, Harbour Investments Inc. increased its stake in shares of CoreCivic by 215.6% in the 1st quarter. Harbour Investments Inc. now owns 5,337 shares of the real estate investment trust's stock valued at $108,000 after acquiring an additional 3,646 shares during the last quarter. Institutional investors own 85.13% of the company's stock.

Insider Activity

In other CoreCivic news, Director Stacia Hylton sold 4,000 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $21.69, for a total value of $86,760.00. Following the completion of the sale, the director directly owned 82,969 shares of the company's stock, valued at approximately $1,799,597.61. This represents a 4.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Damon T. Hininger sold 72,246 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $22.50, for a total value of $1,625,535.00. Following the completion of the transaction, the chief executive officer owned 879,324 shares in the company, valued at $19,784,790. This represents a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 184,246 shares of company stock valued at $4,061,215 over the last quarter. 2.30% of the stock is owned by company insiders.

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.