NYSE:CXWCorecivic Stock Price, Forecast & News

$12.20

-0.35 (-2.79 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$12.16

Now: $12.20▼

$12.88

50-Day Range

$10.05

MA: $11.63▼

$13.21

52-Week Range

$8.33

Now: $12.20▼

$24.38

Volume1.13 million shs

Average Volume1.25 million shs

Market Capitalization$1.46 billion

P/E Ratio8.47

Dividend Yield14.02%

Beta1.2

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through corrections and detention management, a growing network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions. We are a publicly traded real estate investment trust (REIT) and the nation's largest owner of partnership correctional, detention and residential reentry facilities. We also believe we are the largest private owner of real estate used by U.S. government agencies. The Company has been a flexible and dependable partner for government for more than 35 years. Our employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
Corecivic has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $20.00, Corecivic has a potential upside of 63.9% from its current price of $12.20.
Amount of Analyst Coverage
Corecivic has only been the subject of 2 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Corecivic has received 360 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Corecivic has received 385 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Corecivic has received 51.68% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Corecivic and other stocks. Vote “Outperform” if you believe CXW will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CXW will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Corecivic is a leading dividend payer. It pays a dividend yield of 14.02%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Corecivic has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Corecivic is 67.18 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Corecivic will have a dividend payout ratio of 72.43 % next year. This indicates that Corecivic will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Corecivic insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.27% of the stock of Corecivic is held by insiders.
Percentage Held by Institutions
71.68% of the stock of Corecivic is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Corecivic are expected to grow by 9.95% in the coming year, from $2.21 to $2.43 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Corecivic is 8.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of Corecivic is 8.47, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.01.
Price to Book Value per Share Ratio
Corecivic has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.42 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Real estate investment trusts

Sub-IndustrySpecialized REITs

SectorFinance

Current SymbolNYSE:CXW

Previous Symbol

CUSIP22025Y40

CIK1070985

Webwww.corecivic.com

Phone615-263-3000

Debt

Debt-to-Equity Ratio1.62

Current Ratio1.87

Quick Ratio1.87

Price-To-Earnings

Trailing P/E Ratio8.47

Forward P/E Ratio5.52

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.98 billion

Price / Sales0.74

Cash Flow$2.87 per share

Price / Cash Flow4.25

Book Value$11.56 per share

Price / Book1.06

Profitability

EPS (Most Recent Fiscal Year)$2.62

Net Income$188.89 million

Net Margins8.63%

Return on Equity12.43%

Return on Assets4.47%

Miscellaneous

Employees14,075

Outstanding Shares119,629,000

Market Cap$1.46 billion

Next Earnings Date8/3/2020 (Estimated)

OptionableOptionable

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Corecivic (NYSE:CXW) Frequently Asked Questions

How has Corecivic's stock been impacted by COVID-19 (Coronavirus)?

Corecivic's stock was trading at $13.23 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CXW stock has decreased by 7.8% and is now trading at $12.20. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Corecivic?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corecivic in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Corecivic.

When is Corecivic's next earnings date?

Corecivic is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Corecivic.

How were Corecivic's earnings last quarter?

Corecivic Inc (NYSE:CXW) released its quarterly earnings data on Wednesday, May, 6th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.26 by $0.01. The real estate investment trust had revenue of $491.10 million for the quarter, compared to the consensus estimate of $476 million. Corecivic had a net margin of 8.63% and a return on equity of 12.43%. Corecivic's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 EPS. View Corecivic's earnings history.

How often does Corecivic pay dividends? What is the dividend yield for Corecivic?

Corecivic announced a quarterly dividend on Thursday, February 20th. Investors of record on Wednesday, April 1st will be paid a dividend of $0.44 per share on Wednesday, April 15th. This represents a $1.76 dividend on an annualized basis and a yield of 14.43%. The ex-dividend date of this dividend is Tuesday, March 31st. View Corecivic's dividend history.

What guidance has Corecivic issued on next quarter's earnings?

Corecivic issued an update on its first quarter earnings guidance on Wednesday, April, 1st. The company provided earnings per share (EPS) guidance of $0.46-0.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.52.

What price target have analysts set for CXW?

2 equities research analysts have issued 12 month price targets for Corecivic's stock. Their forecasts range from $20.00 to $20.00. On average, they expect Corecivic's stock price to reach $20.00 in the next year. This suggests a possible upside of 63.9% from the stock's current price. View analysts' price targets for Corecivic.

Has Corecivic been receiving favorable news coverage?

Press coverage about CXW stock has been trending very negative recently, InfoTrie reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Corecivic earned a daily sentiment score of -3.5 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutCorecivic.

Are investors shorting Corecivic?

Corecivic saw a decrease in short interest in May. As of May 15th, there was short interest totaling 1,690,000 shares, a decrease of 18.4% from the April 30th total of 2,070,000 shares. Based on an average daily trading volume, of 1,360,000 shares, the short-interest ratio is presently 1.2 days. Currently, 1.4% of the shares of the company are short sold. View Corecivic's Current Options Chain.

Who are some of Corecivic's key competitors?

Some companies that are related to Corecivic include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), Extra Space Storage (EXR), HCP (HCP), Medical Properties Trust (MPW), Host Hotels and Resorts (HST), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Healthcare Realty Trust (HR), Rayonier (RYN) and Sabra Health Care REIT (SBRA). View all competitors.

What other stocks do shareholders of Corecivic own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Corecivic investors own include The GEO Group (GEO), AT&T (t), ANNALY CAP MGMT/SH (NLY), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), AGNC Investment (AGNC), New Residential Investment (NRZ), Altria Group (MO), Ares Capital (ARCC) and Verizon Communications (VZ).

Who are Corecivic's key executives?

Corecivic's management team includes the following people:

Mr. Damon T. Hininger, Pres, CEO & Director (Age 49)
Mr. David M. Garfinkle, Exec. VP & CFO (Age 51)
Mr. Anthony L. Grande, Exec. VP & Chief Devel. Officer (Age 49)
Ms. Lucibeth N. Mayberry J.D., Exec. VP of Real Estate (Age 47)
Mr. Patrick Swindle, Exec. VP & Chief Corrections Officer (Age 44)

What is Corecivic's stock symbol?

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

Who are Corecivic's major shareholders?

Corecivic's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.08%), State Street Corp (3.48%), Bank of New York Mellon Corp (2.26%), Geode Capital Management LLC (1.66%), Grantham Mayo Van Otterloo & Co. LLC (1.32%) and New South Capital Management Inc. (1.03%). Company insiders that own Corecivic stock include Charles L Overby, Damon T Hininger, David Garfinkle, Harley G Lappin, Kim White and Thurgood Marshall Jr. View institutional ownership trends for Corecivic.

Which major investors are selling Corecivic stock?

CXW stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Wells Fargo & Company MN, Morgan Stanley, Morgan Stanley, BlackRock Inc., Squarepoint Ops LLC, Bank of New York Mellon Corp, and New South Capital Management Inc.. View insider buying and selling activity for Corecivic.

Which major investors are buying Corecivic stock?

CXW stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Grantham Mayo Van Otterloo & Co. LLC, Hourglass Capital LLC, Driehaus Capital Management LLC, Geode Capital Management LLC, MERIAN GLOBAL INVESTORS UK Ltd, Federated Hermes Inc., and Parametric Portfolio Associates LLC. View insider buying and selling activity for Corecivic.

How do I buy shares of Corecivic?

Shares of CXW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Corecivic's stock price today?

One share of CXW stock can currently be purchased for approximately $12.20.

How big of a company is Corecivic?

Corecivic has a market capitalization of $1.46 billion and generates $1.98 billion in revenue each year. The real estate investment trust earns $188.89 million in net income (profit) each year or $2.62 on an earnings per share basis. Corecivic employs 14,075 workers across the globe.

What is Corecivic's official website?

The official website for Corecivic is www.corecivic.com.

How can I contact Corecivic?

Corecivic's mailing address is 5501 VIRGINIA WAY, BRENTWOOD TN, 37215. The real estate investment trust can be reached via phone at 615-263-3000 or via email at [email protected]

This page was last updated on 6/2/2020 by MarketBeat.com Staff