CoreCivic - CXW Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CoreCivic in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CXW shares.
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2 Wall Street analysts have issued twelve-month price objectives for CoreCivic's stock. Their CXW share price forecasts range from $17.00 to $17.00. On average, they expect the company's stock price to reach $17.00 in the next year. This suggests a possible upside of 85.0% from the stock's current price.
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CoreCivic's stock was trading at $9.97 on January 1st, 2022. Since then, CXW shares have decreased by 7.8% and is now trading at $9.19.
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CoreCivic saw a decline in short interest during the month of August. As of August 15th, there was short interest totaling 4,120,000 shares, a decline of 28.5% from the July 31st total of 5,760,000 shares. Based on an average trading volume of 1,090,000 shares, the days-to-cover ratio is currently 3.8 days. Currently, 3.6% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
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CoreCivic, Inc. (NYSE:CXW) released its quarterly earnings results on Wednesday, May, 4th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.06. The real estate investment trust earned $453 million during the quarter, compared to analysts' expectations of $467.34 million. CoreCivic had a net margin of 4.73% and a trailing twelve-month return on equity of 7.30%. CoreCivic's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 earnings per share.

CoreCivic issued an update on its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share guidance of $1.25-$1.32 for the period. 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 variety of institutional and retail investors. Top institutional investors include FMR LLC (15.51%), River Road Asset Management LLC (6.84%), State Street Corp (3.60%), Northern Trust Corp (1.16%), Principal Financial Group Inc. (0.64%) and Lee Danner & Bass Inc. (0.57%). Insiders that own company stock include 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 $9.19.

CoreCivic (NYSE:CXW) has a market capitalization of $1.08 billion and generates $1.86 billion in revenue each year. The real estate investment trust earns $-51,900,000.00 in net income (profit) each year or $0.73 on an earnings per share basis.

The company employs 10,350 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.