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

Corrections Corp. of America trades on the New York Stock Exchange (NYSE) under the ticker symbol "CXW."

Corrections Corp. of America declared a quarterly dividend on Friday, August 11th. Investors of record on Monday, October 2nd will be given a dividend of $0.42 per share on Monday, October 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date is Friday, September 29th. View Corrections Corp. of America's Dividend History.

Corrections Corp. of America (NYSE:CXW) issued its earnings results on Monday, August, 7th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.36 by $0.23. The company earned $436.39 million during the quarter, compared to analysts' expectations of $437.92 million. Corrections Corp. of America had a return on equity of 14.54% and a net margin of 11.62%. The company's quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 earnings per share. View Corrections Corp. of America's Earnings History.

Corrections Corp. of America is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Corrections Corp. of America.

Corrections Corp. of America updated its FY17 earnings guidance on Monday, August, 7th. The company provided earnings per share (EPS) guidance of $2.31-2.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.38. Corrections Corp. of America also updated its Q3 guidance to $0.52-0.54 EPS.

4 brokers have issued 12 month target prices for Corrections Corp. of America's stock. Their forecasts range from $20.00 to $36.00. On average, they expect Corrections Corp. of America's share price to reach $30.33 in the next twelve months. View Analyst Ratings for Corrections Corp. of America.

Here are some recent quotes from research analysts about Corrections Corp. of America stock:

• 1. According to Zacks Investment Research, "CoreCivic, Inc. is a real estate investment trust which provides correctional, detention and residential reentry facilities. It designs, constructs, owns, manages and renovates jails, prisons, government agencies and inmate transportation companies. CoreCivic, Inc., formerly known as Corrections Corporation of America, is based in Nashville, Tennessee. " (8/15/2017)
• 2. Canaccord Genuity analysts commented, "We believe this is very consistent with management’s commentary that guidance would not need to be adjusted given the range of outcomes at the Eden facility. While we were slightly disappointed that no further community acquisitions or ICE awards were executed in the quarter, we believe investors were more focused on guidance given the earlier-than-expected run-off in California populations as well as the gravity of losing Eden." (5/3/2017)

Some companies that are related to Corrections Corp. of America include Communications Sales & Leasing,Inc. (UNIT), QTS Realty Trust (QTS), InfraREIT (HIFR), Anworth Mortgage Asset Corporation (ANH), CorEnergy Infrastructure Trust (CORR), Jernigan Capital (JCAP), Farmland Partners (FPI), Drive Shack (DS), Gladstone Land Corporation (LAND) and CyrusOne (CONE).

Corrections Corp. of America's management team includes the folowing people:

• Mark A. Emkes, Independent Chairman of the Board
• Damon T. Hininger, President, Chief Executive Officer, Director
• David M. Garfinkle, Chief Financial Officer, Executive Vice President
• Scott D. Irwin, Executive Vice President, General Counsel, Secretary
• Kim White, Executive Vice President - Human Resources
• Anthony L. Grande, Executive Vice President, Chief Development Officer
• Harley G. Lappin, Executive Vice President, Chief Corrections Officer
• Lucibeth Mayberry, Executive Vice President - Real Estate
• Donna M. Alvarado, Independent Director
• Robert Jay Dennis, Independent Director

Corrections Corp. of America's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (16.31%), BlackRock Inc. (9.05%), FMR LLC (5.89%), Daiwa Securities Group Inc. (3.27%), State Street Corp (2.58%) and New South Capital Management Inc. (2.15%). Company insiders that own Corrections Corp. of America stock include Anthony L Grande, C Michael Jacobi, Charles L Overby, Damon T Hininger, David Garfinkle, Harley G Lappin, John D Ferguson, Joseph V Russell, Kim White, Lucibeth Mayberry, Mark A Emkes, Scott D Irwin, Steve E Groom and Thurgood Marshall Jr. View Institutional Ownership Trends for Corrections Corp. of America.

Corrections Corp. of America's stock was sold by a variety of institutional investors in the last quarter, including American Century Companies Inc., New South Capital Management Inc., LSV Asset Management, FMR LLC, First Trust Advisors LP, State Street Corp, Teachers Advisors LLC and Flinton Capital Management LLC. Company insiders that have sold Corrections Corp. of America stock in the last year include Anthony L Grande, C Michael Jacobi, Damon T Hininger, David Garfinkle, Harley G Lappin, Kim White, Lucibeth Mayberry and Thurgood Marshall Jr. View Insider Buying and Selling for Corrections Corp. of America.

Corrections Corp. of America's stock was acquired by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., Thompson Siegel & Walmsley LLC, Russell Investments Group Ltd., Vanguard Group Inc., State of New Jersey Common Pension Fund D, Robeco Institutional Asset Management B.V., Renaissance Technologies LLC and Ranger Global Real Estate Advisors LLC. Company insiders that have bought Corrections Corp. of America stock in the last two years include Charles L Overby, Damon T Hininger, Joseph V Russell, Mark A Emkes and Scott D Irwin. View Insider Buying and Selling for Corrections Corp. of America.

Shares of Corrections Corp. of America can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Corrections Corp. of America stock can currently be purchased for approximately $24.42.