Corrections Corp. of America Company Profile (NYSE:CXW)

About Corrections Corp. of America

Corrections Corp. of America logoCorrections Corporation of America is a real estate investment trust (REIT). The Company is engaged in owning, operating and managing prisons and other correctional facilities, and providing residential, community re-entry, and prisoner transportation services for governmental agencies. The Company's facilities offer a range of rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment. It also provides or makes available to offenders certain healthcare (including medical, dental and mental health services), food services and work and recreational programs. The Company provides a range of evidence-based re-entry programs and activities at its facilities. The Company offers a range of vocational/technical education opportunities to equip individuals with job skills. The Company offers evidence-based treatment programs, such as the Residential Drug Addictions Treatment Program (RDAP).

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Diversified
  • Sub-Industry: Specialized REITs
  • Exchange: NYSE
  • Symbol: CXW
  • CUSIP: 22025Y40
Key Metrics:
  • Previous Close: $18.00
  • 50 Day Moving Average: $29.64
  • 200 Day Moving Average: $31.29
  • Trailing P/E Ratio: 10.47
  • Foreward P/E Ratio: 7.14
  • P/E Growth: 1.19
  • Market Cap: $2.12B
  • Outstanding Shares: 117,522,000
  • Beta: 0.42
Additional Links:
Companies Related to Corrections Corp. of America:

Analyst Ratings

Consensus Ratings for Corrections Corp. of America (NYSE:CXW) (?)
Ratings Breakdown: 3 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $27.50 (52.78% upside)

Analysts' Ratings History for Corrections Corp. of America (NYSE:CXW)
Show:
DateFirmActionRatingPrice TargetDetails
8/24/2016Canaccord GenuityLower Price TargetHold$30.00 -> $21.00View Rating Details
8/21/2016Wells Fargo & Co.Reiterated RatingHold -> NeutralView Rating Details
7/1/2016SunTrust Banks Inc.DowngradeBuy -> Neutral$37.00 -> $34.00View Rating Details
6/19/2015MacquarieDowngradeOutperform -> Neutral$40.00 -> $38.00View Rating Details
2/13/2015CRT CapitalReiterated RatingBuy$43.00View Rating Details
(Data available from 8/25/2014 forward)

Earnings

Earnings History for Corrections Corp. of America (NYSE:CXW)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/2/2016        
8/3/2016Q2$0.65$0.69$462.68 million$463.30 millionViewListenView Earnings Details
5/4/2016Q1$0.58$0.61$443.47 million$447.40 millionViewListenView Earnings Details
2/10/2016Q4$0.59$0.63$456.65 million$447.80 millionViewListenView Earnings Details
11/4/2015Q3$0.63$0.64$447.40 million$460.00 millionViewListenView Earnings Details
8/5/2015Q215$0.68$0.73$434.60 million$459.30 millionViewListenView Earnings Details
5/6/2015Q115$0.63$0.68$425.40 million$426.00 millionViewListenView Earnings Details
2/11/2015Q414$0.47$0.49$412.06 million$423.50 millionViewListenView Earnings Details
11/3/2014Q314$0.47$0.49$411.04 million$408.50 millionViewListenView Earnings Details
8/6/2014Q214$0.46$0.49$407.99 million$410.69 millionViewListenView Earnings Details
5/7/2014Q114$0.43$0.44$412.89 million$404.22 millionViewListenView Earnings Details
2/13/2014Q413$0.50$0.44$434.32 million$431.10 millionViewListenView Earnings Details
11/7/2013Q313$0.46$0.46$432.07 million$421.50 millionViewListenView Earnings Details
8/7/2013Q2 2013$0.50$0.52$431.55 million$433.98 millionViewListenView Earnings Details
5/8/2013Q1 2013$0.47$0.50$429.60 million$425.70 millionViewListenView Earnings Details
2/13/2013Q4 2012$0.40$0.44$443.78 million$436.90 millionViewListenView Earnings Details
11/7/2012Q312$0.40$0.43$447.88 million$444.85 millionViewN/AView Earnings Details
8/8/2012$0.36$0.38ViewN/AView Earnings Details
5/3/2012$0.33$0.33ViewN/AView Earnings Details
11/2/2011$0.36$0.37ViewN/AView Earnings Details
8/3/2011$0.37$0.39ViewN/AView Earnings Details
5/5/2011$0.33$0.37ViewN/AView Earnings Details
2/9/2011$0.35$0.39ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Corrections Corp. of America (NYSE:CXW)
Current Year EPS Consensus Estimate: $2.67 EPS
Next Year EPS Consensus Estimate: $2.52 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.57$0.57$0.57
Q2 20161$0.65$0.65$0.65
Q3 20161$0.67$0.67$0.67
Q4 20161$0.70$0.70$0.70
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Corrections Corp. of America (NYSE:CXW)
Annual Dividend:$2.16
Dividend Yield:12.00%
Payout Ratio:125.58% (Based on Trailing 12 Months of Earnings)
80.90% (Based on Current Year Consensus EPS Estimate)
85.71% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:52.50% (3 Year Average)

Dividend History for Corrections Corp. of America (NYSE:CXW)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/11/2016quarterly$0.5410/3/201610/17/2016
5/13/2016quarterly$0.546.49%6/29/20166/1/20167/15/2016
2/19/2016quarterly$0.547.49%3/30/20164/1/20164/15/2016
12/11/2015quarterly$0.548.6%12/30/20151/4/20161/15/2016
8/13/2015quarterly$0.546.81%9/30/201510/2/201510/15/2015
5/14/2015quarterly$0.546.13%6/30/20157/2/20157/15/2015
2/20/2015quarterly$0.545.3%3/31/20154/2/20154/15/2015
12/11/2014quarterly$0.515.56%12/30/20141/2/20151/15/2015
8/14/2014quarterly$0.515.75%9/30/201410/2/201410/15/2014
5/15/2014quarterly$0.516.32%6/30/20147/2/20147/15/2014
2/20/2014quarterly$0.516.2%3/31/20144/2/20144/15/2014
12/12/2013quarterly$0.485.83%12/30/20131/2/20141/15/2014
8/16/2013quarterly$0.485.77%9/30/201310/2/201310/15/2013
5/16/2013quarterly$0.484.86%7/1/20137/3/20137/15/2013
4/8/2013special$6.635.25%4/17/20134/19/20135/20/2013
2/22/2013quarterly$0.535.65%4/1/20134/3/20134/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Corrections Corp. of America (NYSE:CXW)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/19/2016Charles L OverbyDirectorBuy5,000$19.85$99,250.00View SEC Filing  
8/18/2016Damon T HiningerCEOBuy2,870$16.60$47,642.00View SEC Filing  
8/18/2016Mark A EmkesDirectorBuy10,000$17.19$171,900.00View SEC Filing  
8/18/2016Scott D IrwinEVPBuy300$17.00$5,100.00View SEC Filing  
3/29/2016John D FergusonChairmanSell60,000$32.17$1,930,200.00View SEC Filing  
3/16/2016Steve E GroomEVPSell58,150$31.00$1,802,650.00View SEC Filing  
3/1/2016Harley G LappinEVPSell11,133$29.13$324,304.29View SEC Filing  
2/25/2016Anthony L GrandeEVPSell3,500$28.84$100,940.00View SEC Filing  
2/22/2016Anthony L GrandeEVPSell14,000$29.17$408,380.00View SEC Filing  
12/9/2015Joseph V. RussellDirectorBuy10,000$24.72$247,200.00View SEC Filing  
11/17/2015Joseph V. RussellDirectorBuy25,000$24.65$616,250.00View SEC Filing  
11/9/2015Anthony L GrandeEVPSell30,000$27.42$822,600.00View SEC Filing  
9/8/2015Mark A EmkesDirectorBuy1,000$29.29$29,290.00View SEC Filing  
9/4/2015Thurgood Marshall JrDirectorSell23,587$29.01$684,258.87View SEC Filing  
8/20/2015Steve E. GroomEVPSell13,500$31.21$421,335.00View SEC Filing  
8/18/2015Lucibeth MayberrySVPSell21,695$31.66$686,863.70View SEC Filing  
4/16/2015Anthony L GrandeEVPSell11,175$39.33$439,512.75View SEC Filing  
3/16/2015Anthony L GrandeEVPSell11,176$39.73$444,022.48View SEC Filing  
12/8/2014Harley G LappinInsiderSell33,963$37.03$1,257,649.89View SEC Filing  
12/1/2014Donna M AlvaradoDirectorSell1,702$37.08$63,110.16View SEC Filing  
12/1/2014Steve E GroomEVPSell20,631$36.61$755,300.91View SEC Filing  
11/26/2014Steve E GroomEVPSell25,000$36.25$906,250.00View SEC Filing  
11/25/2014Steve E GroomEVPSell20,000$36.07$721,400.00View SEC Filing  
11/25/2014Thurgood Marshall JrDirectorSell12,272$36.15$443,632.80View SEC Filing  
11/6/2014John D CorrentiDirectorSell30,000$36.36$1,090,800.00View SEC Filing  
9/18/2014Anthony L GrandeEVPSell15,369$35.20$540,988.80View SEC Filing  
8/18/2014Anthony L GrandeEVPSell15,000$35.66$534,900.00View SEC Filing  
7/18/2014Anthony L GrandeEVPSell15,000$32.24$483,600.00View SEC Filing  
6/18/2014Anthony L GrandeEVPSell15,000$32.89$493,350.00View SEC Filing  
5/19/2014Anthony GrandeEVPSell15,000$32.24$483,600.00View SEC Filing  
4/21/2014Anthony GrandeEVPSell15,000$32.66$489,900.00View SEC Filing  
3/18/2014Anthony GrandeEVPSell15,000$32.92$493,800.00View SEC Filing  
3/10/2014Thurgood Marshall, Jr.DirectorBuy7,200$33.23$239,256.00View SEC Filing  
3/5/2014John Prann, Jr.DirectorSell30,102$33.76$1,016,243.52View SEC Filing  
1/17/2014Anthony GrandeEVPSell11,750$34.06$400,205.00View SEC Filing  
12/18/2013Anthony GrandeEVPSell11,750$32.53$382,227.50View SEC Filing  
12/6/2013Donna AlvaradoDirectorSell3,100$34.21$106,051.00View SEC Filing  
12/5/2013John Prann, Jr.DirectorSell7,146$33.68$240,677.28View SEC Filing  
12/3/2013John Prann, Jr.DirectorSell3,500$33.42$116,970.00View SEC Filing  
10/18/2013Anthony L GrandeEVPSell11,750$37.44$439,920.00View SEC Filing  
9/18/2013Anthony GrandeEVPSell11,750$34.15$401,262.50View SEC Filing  
8/26/2013Todd MullengerCFOSell9,364$33.97$318,095.08View SEC Filing  
8/16/2013Anthony GrandeEVPSell11,750$33.37$392,097.50View SEC Filing  
8/14/2013Todd MullengerCFOSell25,000$33.97$849,250.00View SEC Filing  
8/13/2013Todd MullengerCFOSell50,000$34.43$1,721,500.00View SEC Filing  
7/31/2013Todd MullengerCFOSell25,000$33.09$827,250.00View SEC Filing  
7/30/2013Todd MullengerCFOSell50,000$33.44$1,672,000.00View SEC Filing  
7/18/2013Anthony L GrandeEVPSell11,750$33.05$388,337.50View SEC Filing  
7/17/2013Todd MullengerCFOSell50,000$32.92$1,646,000.00View SEC Filing  
7/15/2013Todd MullengerCFOSell25,000$33.35$833,750.00View SEC Filing  
7/3/2013Todd MullengerCFOSell25,000$31.88$797,000.00View SEC Filing  
7/2/2013Todd MullengerCFOSell25,000$32.16$804,000.00View SEC Filing  
7/1/2013Todd MullengerCFOSell25,000$33.03$825,750.00View SEC Filing  
6/19/2013Anthony L GrandeEVPSell11,750$34.54$405,845.00View SEC Filing  
6/11/2013John D CorrentiDirectorSell1,937$35.00$67,795.00View SEC Filing  
6/6/2013John D FergusonChairmanSell30,000$34.86$1,045,800.00View SEC Filing  
6/5/2013Anthony L GrandeEVPSell10,300$34.71$357,513.00View SEC Filing  
5/28/2013Brian D CollinsEVPSell14,600$37.27$544,142.00View SEC Filing  
5/22/2013Anthony L GrandeEVPSell49,962$38.85$1,941,023.70View SEC Filing  
5/17/2013Brian D CollinsEVPSell35,262$39.19$1,381,917.78View SEC Filing  
5/15/2013Dennis DeconciniDirectorSell3,786$39.01$147,691.86View SEC Filing  
5/14/2013C Michael JacobiDirectorSell48,000$39.19$1,881,120.00View SEC Filing  
4/9/2013Brian D CollinsEVPSell11,908$39.05$465,007.40View SEC Filing  
4/9/2013Damon T HiningerCEOSell52,885$38.99$2,061,986.15View SEC Filing  
2/26/2013David GarfinkleVPSell11,250$37.93$426,712.50View SEC Filing  
2/25/2013John D FergusonChairmanSell81,835$37.78$3,091,726.30View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Corrections Corp. of America (NYSE:CXW)
DateHeadline
seekingalpha.com logo3 Lessons From Corrections Corp. Of America And GEO Group Plunge (NYSE:CXW)
seekingalpha.com - August 24 at 4:28 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Corrections Corporation of America (CXW) & Lead Plaintiff Deadline: October 24, 2016 (NYSE:CXW)
finance.yahoo.com - August 24 at 4:28 PM
blogs.barrons.com logoCorrections Corp & Geo Group: Private Prisons Aren't Going Anywhere, Neither are the Risks (NYSE:CXW)
blogs.barrons.com - August 24 at 4:28 PM
thestreet.com logoCorrections Corp. (CXW) Stock Lower, Canaccord: Contract Cancellation Risks Still Evident (NYSE:CXW)
www.thestreet.com - August 24 at 4:28 PM
finance.yahoo.com logoShareholder Class Action Filed Against Corrections Corporation of America - CXW (NYSE:CXW)
finance.yahoo.com - August 24 at 4:28 PM
finance.yahoo.com logoShareholders in U.S. private prison company sue over phase-out (NYSE:CXW)
finance.yahoo.com - August 24 at 4:28 PM
finance.yahoo.com logoEQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Corrections Corporation of America (NYSE:CXW)
finance.yahoo.com - August 24 at 4:28 PM
finance.yahoo.com logoIMPORTANT INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Corrections Corporation of America and Encourages Investors with Losses to Contact the Firm (NYSE:CXW)
finance.yahoo.com - August 24 at 4:28 PM
News IconMost Recent analysts Ratings: Corrections Corporation of America (NYSE:CXW) (NYSE:CXW)
myhealthbowl.com - August 24 at 8:31 AM
News IconSHAREHOLDER ALERT: Goldberg Law PC Files Class Action Lawsuit against Corrections Corp. of America & Certain of its Officers (NYSE:CXW)
ih.advfn.com - August 23 at 9:42 PM
finance.yahoo.com logoHarwood Feffer LLP Announces Investigation of Corrections Corporation of America (NYSE:CXW)
finance.yahoo.com - August 23 at 9:42 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Goldberg Law PC Files Class Action Lawsuit against Corrections Corporation of America and Certain of its Officers (NYSE:CXW)
finance.yahoo.com - August 23 at 9:42 PM
News IconCannabis Investors Applaud the Demise of Corrections Corporation of America (NYSE: CXW) (NYSE:CXW)
www.wealthdaily.com - August 23 at 4:39 PM
finance.yahoo.com logoPomerantz Law Firm Announces the Filing of a Class Action against Correction Corporation of America and Certain Officers – CXW (NYSE:CXW)
finance.yahoo.com - August 23 at 4:39 PM
streetinsider.com logoFitch Corrections Corp. (CXW) on Review for Downgrade (NYSE:CXW)
www.streetinsider.com - August 22 at 4:37 PM
seekingalpha.com logoInvestors' Overreaction Hands You A Double-Digit Yield Opportunity (NYSE:CXW)
seekingalpha.com - August 22 at 4:37 PM
bizjournals.com logoPrison company’s stock begins to rebound (NYSE:CXW)
www.bizjournals.com - August 22 at 4:37 PM
News IconInsiders Buy Shares of Corrections Corp Amid Drop; Four Other Companies with Noteworthy Insider Trading (NYSE:CXW)
feedproxy.google.com - August 22 at 12:42 PM
News IconHow is the Crowd Rating Corrections Corporation of America (NYSE:CXW) Shares? - Post News (NYSE:CXW)
www.kentuckypostnews.com - August 21 at 4:19 PM
finance.yahoo.com logo6:01 am Corrections Corp issues formal response to the Department of Justice's decision to reduce reliance on privately operated prisons; says impacts ~7% of revs, schedules conference call (NYSE:CXW)
finance.yahoo.com - August 20 at 4:32 PM
cnbc.com logoPrison stocks plunge after DOJ report - CNBC (NYSE:CXW)
www.cnbc.com - August 20 at 5:34 AM
finance.yahoo.com logoIMPORTANT INVESTOR ALERT: Lundin Law PC Announces an Investigation of Corrections Corporation of America and Advises Investors with Losses to Contact the Firm (NYSE:CXW)
finance.yahoo.com - August 20 at 5:34 AM
feeds.reuters.com logoBRIEF-Corrections Corp Of America CEO Damon Hininger reports purchase of 2,870 shares at $16.60/share (NYSE:CXW)
feeds.reuters.com - August 19 at 8:40 PM
News IconFinancial Stocks in Focal Point- Bank of America (NYSE:BAC), Corrections Corporation of America (NYSE:CXW) - Seneca Globe (NYSE:CXW)
www.senecaglobe.com - August 19 at 8:38 PM
News IconCorrections Corporation of America's (CXW): Active Mover - Hot Stocks Point (NYSE:CXW)
www.hotstockspoint.com - August 19 at 8:38 PM
bidnessetc.com logoThe GEO Group Inc Receives Prison Renewal from the BOP; CXW Stock up in Sympathy - Bidness ETC (NYSE:CXW)
www.bidnessetc.com - August 19 at 3:37 PM
News IconStocks Gainers/Losers Roundup- Verizon Communications (VZ), Corrections Corporation of America (CXW), T-Mobile ... - Seneca Globe (NYSE:CXW)
www.senecaglobe.com - August 19 at 3:37 PM
prnewswire.com logoSHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Corrections Corporation of ... - PR Newswire (press release) (NYSE:CXW)
www.prnewswire.com - August 19 at 3:37 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Possible Violations of Federal Securities Laws by Certain Officers and Directors of Corrections Corporation of America (NYSE:CXW)
finance.yahoo.com - August 19 at 3:37 PM
wsj.com logoPrison Company Opens Gate Too Soon on Contract News (NYSE:CXW)
blogs.wsj.com - August 19 at 3:37 PM
thestreet.com logoGEO Group (GEO) Stock Jumps Despite BOP Rescinding Contract (NYSE:CXW)
www.thestreet.com - August 19 at 3:37 PM
cnbc.com logoPrivate prison stocks bounce back after deep fall (NYSE:CXW)
www.cnbc.com - August 19 at 3:37 PM
thestreet.com logoCorrections Corp. (CXW) Stock Rallies Despite Downgrade to 'Junk' Status (NYSE:CXW)
www.thestreet.com - August 19 at 3:37 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Corrections Corporation of America (CXW) (NYSE:CXW)
finance.yahoo.com - August 19 at 3:37 PM
biz.yahoo.com logoCorrections Corp of America Responds to the Department of Justice's Decision to Reduce Reliance on Privately Operated Prisons Call scheduled for 12:00 pm ET today (NYSE:CXW)
biz.yahoo.com - August 19 at 3:37 PM
finance.yahoo.com logoCorrections Corp: no change in 2106 outlook after U.S. prisons move (NYSE:CXW)
finance.yahoo.com - August 19 at 3:37 PM
finance.yahoo.com logoPrison stocks rebound (NYSE:CXW)
finance.yahoo.com - August 19 at 3:37 PM
ft.com logo[$$] Private prisons: jail break (NYSE:CXW)
www.ft.com - August 19 at 3:37 PM
insidermonkey.com logoHere’s Why These Five Stocks Are Trading Higher on Friday (NYSE:CXW)
www.insidermonkey.com - August 19 at 3:37 PM
thestreet.com logoPrison Stocks Mounting a Comeback Today, CNBC Reports (NYSE:CXW)
www.thestreet.com - August 19 at 3:37 PM
wsj.com logoThese Stocks Were Wrongly Convicted (NYSE:CXW)
blogs.wsj.com - August 19 at 3:37 PM
blogs.barrons.com logoPrison Stocks: Out of Jail? (NYSE:CXW)
blogs.barrons.com - August 19 at 3:37 PM
wsj.com logo[$$] GEO Announced a Contract Extension but U.S. Then Rescinded It (NYSE:CXW)
www.wsj.com - August 19 at 3:37 PM
feeds.reuters.com logoUPDATE 1-DoJ move not "death sentence" for private prison operators - analysts (NYSE:CXW)
feeds.reuters.com - August 19 at 11:43 AM
feeds.reuters.com logoCORRECTED-OFFICIAL-DoJ decision on private prisons not "death sentence" - analysts (NYSE:CXW)
feeds.reuters.com - August 19 at 9:58 AM
News IconCORRECTIONS CORPORATION (CXW) ALERT: Shareholder Rights Law Firm Johnson & Weaver, LLP Commences an Investigation of Correcti... (NYSE:CXW)
ih.advfn.com - August 19 at 9:25 AM
rttnews.com logoCorrections Corp. Of America (CXW) Plunged After Justice Dept. Announcement (NYSE:CXW)
www.rttnews.com - August 19 at 9:25 AM
fool.com logoWhy Twitter, Briggs & Stratton, and Corrections Corp. of America Slumped Today - Motley Fool (NYSE:CXW)
www.fool.com - August 18 at 9:53 PM
streetinsider.com logoCorrections Corporation of America (CXW), GEO Group (GEO) Decline; Justice Department to End Use of Private ... - StreetInsider.com (NYSE:CXW)
www.streetinsider.com - August 18 at 9:53 PM
marketwatch.com logoPrivate-prison stocks gutted as Justice Department plans to phase out use (NYSE:CXW)
www.marketwatch.com - August 18 at 9:52 PM

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Corrections Corp. of America (NYSE:CXW) Chart for Thursday, August, 25, 2016


Last Updated on 8/25/2016 by MarketBeat.com Staff