CoreCivic, Inc., formerly Corrections Corporation of America, is a diversified government solutions company. The Company provides partnership correctional, detention and residential reentry facilities and operates prison in the United States. The Company's business offerings include CoreCivic Safety, CoreCivic Properties, and CoreCivic Community. The Company provides a range of solutions to government partners that serve the public good corrections and detention management, government real estate solutions, and network of residential reentry centers. As of March 31, 2017,the Company owned or controlled 48 correctional and detention facilities, owned or controlled 27 residential reentry centers, and managed an additional 11 correctional and detention facilities owned by its government partners, with a total design capacity of approximately 88,400 beds in 20 states.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Specialized REITs - NEC
- Sub-Industry: Specialized REITs
- Symbol: NYSE:CXW
- CUSIP: 22025Y40
- Web: www.corecivic.com
- Market Cap: $2.89 billion
- Outstanding Shares: 118,179,000
- 50 Day Moving Avg: $27.18
- 200 Day Moving Avg: $30.50
- 52 Week Range: $12.99 - $35.33
Sales & Book Value:
- Trailing P/E Ratio: 13.59
- Foreward P/E Ratio: 16.50
- P/E Growth: 1.34
- Annual Revenue: $1.82 billion
- Price / Sales: 1.59
- Book Value: $12.38 per share
- Price / Book: 1.97
- Annual Dividend: $1.68
- Dividend Yield: 6.8%
- EBIDTA: $452.8 million
- Net Margins: 11.62%
- Return on Equity: 14.54%
- Return on Assets: 6.51%
- Debt-to-Equity Ratio: 0.96%
- Current Ratio: 1.10%
- Quick Ratio: 1.10%
- Average Volume: 922,559 shs.
- Beta: 0.92
- Short Ratio: 3.7
Frequently Asked Questions for Corrections Corp. of America (NYSE:CXW)
What is Corrections Corp. of America's stock symbol?
Corrections Corp. of America trades on the New York Stock Exchange (NYSE) under the ticker symbol "CXW."
How often does Corrections Corp. of America pay dividends? What is the dividend yield for Corrections Corp. of America?
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.
How were Corrections Corp. of America's earnings last quarter?
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.
When will Corrections Corp. of America make its next earnings announcement?
What guidance has Corrections Corp. of America issued on next quarter's earnings?
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.
Where is Corrections Corp. of America's stock going? Where will Corrections Corp. of America's stock price be in 2017?
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.
What are analysts saying about Corrections Corp. of America stock?
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)
Who are some of Corrections Corp. of America's key competitors?
Who are Corrections Corp. of America's key executives?
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
Who owns Corrections Corp. of America stock?
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.
Who sold Corrections Corp. of America stock? Who is selling Corrections Corp. of America stock?
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.
Who bought Corrections Corp. of America stock? Who is buying Corrections Corp. of America stock?
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.
How do I buy Corrections Corp. of America stock?
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.
What is Corrections Corp. of America's stock price today?
MarketBeat Community Rating for Corrections Corp. of America (NYSE CXW)MarketBeat's community ratings are surveys of what our community members think about Corrections Corp. of America and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Corrections Corp. of America stock can currently be purchased for approximately $24.42.
Consensus Ratings for Corrections Corp. of America (NYSE:CXW) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 3 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.75)|
|Consensus Price Target: ||$30.33 (24.22% upside)|
Analysts' Ratings History for Corrections Corp. of America (NYSE:CXW)
(Data available from 8/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/8/2017||Deutsche Bank AG||Lower Price Target||Buy||$40.00 -> $35.00||High|
|8/7/2017||Canaccord Genuity||Set Price Target||Buy||$36.00||High|
|2/23/2017||Wells Fargo & Company||Reiterated Rating||Market Perform||N/A|
|10/12/2016||SunTrust Banks, Inc.||Upgrade||Neutral -> Buy||$20.00||N/A|
Earnings History for Corrections Corp. of America (NYSE:CXW)Earnings History by Quarter for Corrections Corp. of America (NYSE CXW)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/7/2017||Q2 2017||$0.36||$0.59||$437.92 million||$436.39 million||View||Listen|
|5/3/2017||Q1 2017||$0.57||$0.63||$446.12 million||$445.70 million||View||Listen|
|2/8/2017||Q4 2016||$0.62||$0.52||$458.96 million||$464.10 million||View||Listen|
|11/2/2016||Q316||$0.67||$0.69||$470.39 million||$474.94 million||View||Listen|
|8/3/2016||Q2||$0.65||$0.69||$462.68 million||$463.30 million||View||Listen|
|5/4/2016||Q1||$0.58||$0.61||$443.47 million||$447.40 million||View||Listen|
|2/10/2016||Q4||$0.59||$0.63||$456.65 million||$447.80 million||View||Listen|
|11/4/2015||Q3||$0.63||$0.64||$447.40 million||$460.00 million||View||Listen|
|8/5/2015||Q215||$0.68||$0.73||$434.60 million||$459.30 million||View||Listen|
|5/6/2015||Q115||$0.63||$0.68||$425.40 million||$426.00 million||View||Listen|
|2/11/2015||Q414||$0.47||$0.49||$412.06 million||$423.50 million||View||Listen|
|11/3/2014||Q314||$0.47||$0.49||$411.04 million||$408.50 million||View||Listen|
|8/6/2014||Q214||$0.64||$0.49||$407.99 million||$410.69 million||View||Listen|
|5/7/2014||Q114||$0.60||$0.44||$412.89 million||$404.22 million||View||Listen|
|2/13/2014||Q413||$0.50||$0.44||$434.32 million||$431.10 million||View||Listen|
|11/7/2013||Q313||$0.46||$0.46||$432.07 million||$421.50 million||View||Listen|
|8/7/2013||Q2 2013||$0.50||$0.52||$431.55 million||$433.98 million||View||Listen|
|5/8/2013||Q1 2013||$0.47||$0.50||$429.60 million||$425.70 million||View||Listen|
|2/13/2013||Q4 2012||$0.40||$0.44||$443.78 million||$436.90 million||View||Listen|
|11/7/2012||Q312||$0.40||$0.43||$447.88 million||$444.85 million||View||N/A|
Earnings Estimates for Corrections Corp. of America (NYSE:CXW)
2017 EPS Consensus Estimate: $2.23
2018 EPS Consensus Estimate: $2.28
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Corrections Corp. of America (NYSE:CXW)
|Dividend Growth:||13.20% (3 Year Average)|
|Payout Ratio:||93.86% (Trailing 12 Months of Earnings) |
109.80% (Based on This Year's Estimates)
113.51% (Based on Next Year's Estimates)
|Track Record:||4 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Corrections Corp. of America (NYSE CXW)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Corrections Corp. of America (NYSE:CXW)
Insider Ownership Percentage: 1.30%Insider Trades by Quarter for Corrections Corp. of America (NYSE:CXW)
Institutional Ownership Percentage: 88.79%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/14/2017||Kim White||EVP||Sell||5,000||$26.27||$131,350.00|| |
|8/10/2017||Mark A Emkes||Director||Buy||5,000||$25.62||$128,100.00|| |
|5/25/2017||Lucibeth Mayberry||EVP||Sell||6,236||$30.41||$189,636.76|| |
|5/22/2017||Lucibeth Mayberry||EVP||Sell||5,000||$30.54||$152,700.00|| |
|5/15/2017||Anthony L Grande||EVP||Sell||23,000||$33.86||$778,780.00|| |
|4/17/2017||David Garfinkle||CFO||Sell||10,000||$33.22||$332,200.00|| |
|3/23/2017||Harley G Lappin||EVP||Sell||10,000||$32.46||$324,600.00|| |
|3/23/2017||Thurgood Marshall Jr||Director||Sell||2,750||$32.50||$89,375.00|| |
|3/13/2017||Harley G Lappin||EVP||Sell||9,000||$31.94||$287,460.00|| |
|3/8/2017||Kim White||EVP||Sell||8,000||$32.01||$256,080.00|| |
|3/2/2017||C Michael Jacobi||Director||Sell||12,331||$33.81||$416,911.11|| |
|2/13/2017||C Michael Jacobi||Director||Sell||107,431||$31.01||$3,331,435.31|| |
|2/13/2017||Damon T Hininger||CEO||Sell||13,409||$31.51||$422,517.59|| |
|12/9/2016||Harley G Lappin||EVP||Sell||10,000||$24.70||$247,000.00|| |
|11/25/2016||Mark A Emkes||Director||Buy||5,000||$22.08||$110,400.00|| |
|11/4/2016||Mark A Emkes||Director||Buy||10,000||$14.12||$141,200.00|| |
|8/19/2016||Charles L Overby||Director||Buy||5,000||$19.85||$99,250.00|| |
|8/18/2016||Damon T Hininger||CEO||Buy||2,870||$16.60||$47,642.00|| |
|8/18/2016||Mark A Emkes||Director||Buy||10,000||$17.19||$171,900.00|| |
|8/18/2016||Scott D Irwin||EVP||Buy||300||$17.00||$5,100.00|| |
|3/29/2016||John D Ferguson||Chairman||Sell||60,000||$32.17||$1,930,200.00|| |
|3/16/2016||Steve E Groom||EVP||Sell||58,150||$31.00||$1,802,650.00|| |
|3/1/2016||Harley G Lappin||EVP||Sell||11,133||$29.13||$324,304.29|| |
|2/25/2016||Anthony L Grande||EVP||Sell||3,500||$28.84||$100,940.00|| |
|2/22/2016||Anthony L Grande||EVP||Sell||14,000||$29.17||$408,380.00|| |
|12/9/2015||Joseph V. Russell||Director||Buy||10,000||$24.72||$247,200.00|| |
|11/17/2015||Joseph V. Russell||Director||Buy||25,000||$24.65||$616,250.00|| |
|11/9/2015||Anthony L Grande||EVP||Sell||30,000||$27.42||$822,600.00|| |
|9/8/2015||Mark A Emkes||Director||Buy||1,000||$29.29||$29,290.00|| |
|9/4/2015||Thurgood Marshall Jr||Director||Sell||23,587||$29.01||$684,258.87|| |
|8/20/2015||Steve E. Groom||EVP||Sell||13,500||$31.21||$421,335.00|| |
|8/18/2015||Lucibeth Mayberry||SVP||Sell||21,695||$31.66||$686,863.70|| |
|4/16/2015||Anthony L Grande||EVP||Sell||11,175||$39.33||$439,512.75|| |
|3/16/2015||Anthony L Grande||EVP||Sell||11,176||$39.73||$444,022.48|| |
|12/8/2014||Harley G Lappin||Insider||Sell||33,963||$37.03||$1,257,649.89|| |
|12/1/2014||Donna M Alvarado||Director||Sell||1,702||$37.08||$63,110.16|| |
|12/1/2014||Steve E Groom||EVP||Sell||20,631||$36.61||$755,300.91|| |
|11/26/2014||Steve E Groom||EVP||Sell||25,000||$36.25||$906,250.00|| |
|11/25/2014||Steve E Groom||EVP||Sell||20,000||$36.07||$721,400.00|| |
|11/25/2014||Thurgood Marshall Jr||Director||Sell||12,272||$36.15||$443,632.80|| |
|11/6/2014||John D Correnti||Director||Sell||30,000||$36.36||$1,090,800.00|| |
|9/18/2014||Anthony L Grande||EVP||Sell||15,369||$35.20||$540,988.80|| |
|8/18/2014||Anthony L Grande||EVP||Sell||15,000||$35.66||$534,900.00|| |
|7/18/2014||Anthony L Grande||EVP||Sell||15,000||$32.24||$483,600.00|| |
|6/18/2014||Anthony L Grande||EVP||Sell||15,000||$32.89||$493,350.00|| |
|5/19/2014||Anthony Grande||EVP||Sell||15,000||$32.24||$483,600.00|| |
|4/21/2014||Anthony Grande||EVP||Sell||15,000||$32.66||$489,900.00|| |
|3/18/2014||Anthony Grande||EVP||Sell||15,000||$32.92||$493,800.00|| |
|3/10/2014||Thurgood Marshall, Jr.||Director||Buy||7,200||$33.23||$239,256.00|| |
|3/5/2014||John Prann, Jr.||Director||Sell||30,102||$33.76||$1,016,243.52|| |
|1/17/2014||Anthony Grande||EVP||Sell||11,750||$34.06||$400,205.00|| |
|12/18/2013||Anthony Grande||EVP||Sell||11,750||$32.53||$382,227.50|| |
|12/6/2013||Donna Alvarado||Director||Sell||3,100||$34.21||$106,051.00|| |
|12/5/2013||John Prann, Jr.||Director||Sell||7,146||$33.68||$240,677.28|| |
|12/3/2013||John Prann, Jr.||Director||Sell||3,500||$33.42||$116,970.00|| |
|10/18/2013||Anthony L Grande||EVP||Sell||11,750||$37.44||$439,920.00|| |
|9/18/2013||Anthony Grande||EVP||Sell||11,750||$34.15||$401,262.50|| |
|8/26/2013||Todd Mullenger||CFO||Sell||9,364||$33.97||$318,095.08|| |
|8/16/2013||Anthony Grande||EVP||Sell||11,750||$33.37||$392,097.50|| |
|8/14/2013||Todd Mullenger||CFO||Sell||25,000||$33.97||$849,250.00|| |
|8/13/2013||Todd Mullenger||CFO||Sell||50,000||$34.43||$1,721,500.00|| |
|7/31/2013||Todd Mullenger||CFO||Sell||25,000||$33.09||$827,250.00|| |
|7/30/2013||Todd Mullenger||CFO||Sell||50,000||$33.44||$1,672,000.00|| |
|7/18/2013||Anthony L Grande||EVP||Sell||11,750||$33.05||$388,337.50|| |
|7/17/2013||Todd Mullenger||CFO||Sell||50,000||$32.92||$1,646,000.00|| |
|7/15/2013||Todd Mullenger||CFO||Sell||25,000||$33.35||$833,750.00|| |
|7/3/2013||Todd Mullenger||CFO||Sell||25,000||$31.88||$797,000.00|| |
|7/2/2013||Todd Mullenger||CFO||Sell||25,000||$32.16||$804,000.00|| |
|7/1/2013||Todd Mullenger||CFO||Sell||25,000||$33.03||$825,750.00|| |
|6/19/2013||Anthony L Grande||EVP||Sell||11,750||$34.54||$405,845.00|| |
|6/11/2013||John D Correnti||Director||Sell||1,937||$35.00||$67,795.00|| |
|6/6/2013||John D Ferguson||Chairman||Sell||30,000||$34.86||$1,045,800.00|| |
|6/5/2013||Anthony L Grande||EVP||Sell||10,300||$34.71||$357,513.00|| |
|5/28/2013||Brian D Collins||EVP||Sell||14,600||$37.27||$544,142.00|| |
|5/22/2013||Anthony L Grande||EVP||Sell||49,962||$38.85||$1,941,023.70|| |
|5/17/2013||Brian D Collins||EVP||Sell||35,262||$39.19||$1,381,917.78|| |
|5/15/2013||Dennis Deconcini||Director||Sell||3,786||$39.01||$147,691.86|| |
|5/14/2013||C Michael Jacobi||Director||Sell||48,000||$39.19||$1,881,120.00|| |
|4/9/2013||Brian D Collins||EVP||Sell||11,908||$39.05||$465,007.40|| |
|4/9/2013||Damon T Hininger||CEO||Sell||52,885||$38.99||$2,061,986.15|| |
|2/26/2013||David Garfinkle||VP||Sell||11,250||$37.93||$426,712.50|| |
|2/25/2013||John D Ferguson||Chairman||Sell||81,835||$37.78||$3,091,726.30|| |
Headline Trends for Corrections Corp. of America (NYSE:CXW)
Latest Headlines for Corrections Corp. of America (NYSE:CXW)
Corrections Corp. of America (CXW) Chart for Sunday, August, 20, 2017