CoreCivic (CXW) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CoreCivic in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CXW shares.
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1 Wall Street analysts have issued 1 year price objectives for CoreCivic's stock. Their CXW share price forecasts range from $10.50 to $10.50. On average, they anticipate the company's share price to reach $10.50 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price.
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CoreCivic's stock was trading at $11.56 at the beginning of 2023. Since then, CXW stock has decreased by 20.1% and is now trading at $9.24.
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CoreCivic saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,930,000 shares, an increase of 52.6% from the April 30th total of 1,920,000 shares. Based on an average trading volume of 1,000,000 shares, the days-to-cover ratio is presently 2.9 days. Currently, 2.7% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
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CoreCivic, Inc. (NYSE:CXW) released its quarterly earnings results on Wednesday, February, 8th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.11. The real estate investment trust earned $4.71 billion during the quarter, compared to the consensus estimate of $469.05 million. CoreCivic had a trailing twelve-month return on equity of 4.51% and a net margin of 6.25%. The firm's quarterly revenue was up 898.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 earnings per share.

ETFs with the largest weight of CoreCivic (NYSE:CXW) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Invesco S&P SmallCap Quality ETF (XSHQ), First Trust Small Cap Value AlphaDEX Fund (FYT), iShares US Small Cap Value Factor ETF (SVAL), Invesco S&P SmallCap 600 Pure Value ETF (RZV), VictoryShares US Small Mid Cap Value Momentum ETF (USVM) and Strategas Global Policy Opportunities ETF (SAGP).

CoreCivic updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $1.31-$1.42 for the period, compared to the consensus earnings per share estimate of $1.43. The company issued revenue guidance of -.

118 employees have rated CoreCivic Chief Executive Officer Damon T. Hininger on Glassdoor.com. Damon T. Hininger has an approval rating of 68% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other CoreCivic investors own include The GEO Group (GEO), Enterprise Products Partners (EPD), Annaly Capital Management (NLY), AT&T (T), Energy Transfer (ET), Ares Capital (ARCC), New Residential Investment (NRZ), AGNC Investment (AGNC), Iron Mountain (IRM) and Medical Properties Trust (MPW).

CoreCivic trades on the New York Stock Exchange (NYSE) under the ticker symbol "CXW."

CoreCivic's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.66%), River Road Asset Management LLC (7.66%), FMR LLC (6.87%), State Street Corp (3.71%), Charles Schwab Investment Management Inc. (2.22%) and Boston Partners (2.16%). Insiders that own company stock include Cole G Carter, Damon T Hininger, David Garfinkle, Harley G Lappin, John R Prann Jr, Lucibeth Mayberry, Mark A Emkes, Patrick D Swindle, Randall J Hogan and Thurgood Marshall Jr.
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Shares of CXW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CXW stock can currently be purchased for approximately $9.24.

CoreCivic (NYSE:CXW) has a market capitalization of $1.05 billion and generates $1.85 billion in revenue each year. The real estate investment trust earns $122.32 million in net income (profit) each year or $0.99 on an earnings per share basis.

The company employs 10,653 workers across the globe.

CoreCivic's mailing address is 5501 VIRGINIA WAY, BRENTWOOD TN, 37027. The official website for the company is www.corecivic.com. The real estate investment trust can be reached via phone at (615) 263-3000, via email at cameron.hopewell@corecivic.com, or via fax at 615-263-3140.