CoreCivic (CXW) Set to Announce Earnings on Wednesday

CoreCivic (NYSE:CXW – Get Rating) is set to release its earnings data after the market closes on Wednesday, May 4th. Analysts expect CoreCivic to post earnings of $0.41 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

CoreCivic (NYSE:CXW – Get Rating) last released its quarterly earnings data on Tuesday, February 8th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.23. CoreCivic had a negative net margin of 2.79% and a positive return on equity of 9.54%. During the same quarter in the previous year, the firm posted $0.63 EPS. On average, analysts expect CoreCivic to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CXW stock opened at $12.49 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.84 and a quick ratio of 1.84. CoreCivic has a 1 year low of $7.37 and a 1 year high of $14.24. The stock has a market capitalization of $1.52 billion, a PE ratio of -28.39 and a beta of 1.00. The company’s 50-day moving average is $10.45 and its 200-day moving average is $10.23.

In other CoreCivic news, Director Mark A. Emkes acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 8th. The stock was bought at an average cost of $8.52 per share, with a total value of $85,200.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.93% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC purchased a new position in shares of CoreCivic in the 3rd quarter worth about $108,000. Virtu Financial LLC purchased a new stake in CoreCivic during the 4th quarter valued at about $127,000. Royal Bank of Canada boosted its holdings in CoreCivic by 30.9% during the 3rd quarter. Royal Bank of Canada now owns 21,248 shares of the real estate investment trust’s stock valued at $189,000 after acquiring an additional 5,010 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in CoreCivic during the 4th quarter valued at about $231,000. Finally, Chicago Partners Investment Group LLC purchased a new stake in CoreCivic during the 4th quarter valued at about $237,000. 83.03% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on the stock. Wedbush upgraded shares of CoreCivic from a “neutral” rating to an “outperform” rating and set a $17.00 target price on the stock in a report on Thursday, April 14th. Wells Fargo & Company upgraded shares of CoreCivic from a “neutral” rating to an “outperform” rating and set a $17.00 price objective for the company in a research note on Thursday, April 14th. Finally, StockNews.com began coverage on shares of CoreCivic in a report on Thursday, March 31st. They issued a “buy” rating for the company.

About CoreCivic (Get Rating)

CoreCivic, Inc owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.

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