CoreCivic - CXW Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CoreCivic in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CXW shares.
View CXW analyst ratings or view top-rated stocks.

2 brokers have issued 12 month price objectives for CoreCivic's shares. Their CXW share price forecasts range from $17.00 to $17.00. On average, they expect the company's share price to reach $17.00 in the next twelve months. This suggests a possible upside of 62.5% 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 9.5% and is now trading at $10.46.
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CoreCivic saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 2,430,000 shares, an increase of 24.6% from the December 15th total of 1,950,000 shares. Based on an average daily volume of 1,020,000 shares, the short-interest ratio is currently 2.4 days. Approximately 2.2% of the shares of the company are short sold.
View CoreCivic's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our CXW earnings forecast.

CoreCivic will be holding an earnings conference call on Thursday, February 9th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

CoreCivic, Inc. (NYSE:CXW) announced its earnings results on Wednesday, May, 4th. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts' consensus estimates 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 6.82% and a trailing twelve-month return on equity of 5.49%. The company's quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share.

CoreCivic (NYSE:CXW) pays an annual dividend of $1.76 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 166.04%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CXW will have a dividend payout ratio of 109.32% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CXW.

CoreCivic issued an update on its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of $1.28-$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 number of retail and institutional investors. Top institutional investors include Comerica Bank (0.20%), New York State Teachers Retirement System (0.13%), State of Alaska Department of Revenue (0.07%), Yousif Capital Management LLC (0.06%), SummerHaven Investment Management LLC (0.06%) and Louisiana State Employees Retirement System (0.05%). 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.
View institutional ownership trends.

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 $10.46.

CoreCivic (NYSE:CXW) has a market capitalization of $1.20 billion and generates $1.85 billion in revenue each year. The real estate investment trust earns $-51,900,000.00 in net income (profit) each year or $1.06 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.