CoreCivic (NYSE:CXW) Releases Quarterly Earnings Results, Beats Expectations By $0.30 EPS

CoreCivic (NYSE:CXW) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.64 EPS for the quarter, topping the consensus estimate of $0.34 by $0.30, Zacks reports. The business had revenue of $684.92 million for the quarter, compared to analyst estimates of $618.63 million. CoreCivic had a return on equity of 9.29% and a net margin of 5.53%.The company’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 EPS. CoreCivic updated its FY 2026 guidance to 2.610-2.700 EPS.

CoreCivic Trading Up 3.7%

Shares of CoreCivic stock traded up $1.11 during mid-day trading on Wednesday, hitting $31.26. 2,567,827 shares of the stock were exchanged, compared to its average volume of 975,444. CoreCivic has a twelve month low of $15.73 and a twelve month high of $32.69. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 25.41 and a beta of 0.58. The company has a 50-day simple moving average of $28.78 and a 200 day simple moving average of $22.76. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.99.

Wall Street Analysts Forecast Growth

CXW has been the topic of a number of research analyst reports. UBS Group set a $35.00 target price on CoreCivic in a research report on Tuesday, July 7th. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Noble Financial increased their price objective on shares of CoreCivic from $28.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Northland Securities set a $40.00 target price on shares of CoreCivic in a research report on Friday, June 26th. Finally, Benchmark upped their price target on shares of CoreCivic from $36.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $36.20.

Key Stories Impacting CoreCivic

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Quarterly earnings beat expectations: CoreCivic reported adjusted EPS of $0.64, well above the $0.34 consensus estimate. Revenue rose 27.3% year over year to $684.92 million, exceeding forecasts of $618.63 million and improving from $0.59 per share in the prior-year quarter. CoreCivic earnings press release
• Positive Sentiment: FY 2026 guidance was raised: Management projected EPS of $2.610-$2.700, substantially above the cited analyst consensus of $1.810. The higher outlook signals stronger expected demand and operating performance.
• Positive Sentiment: $734 million facility sale completed: CoreCivic sold two detention facilities in Minnesota and Kansas to the U.S. Department of Homeland Security. After taxes and transaction costs, it expects approximately $522.5 million in proceeds, which could support debt reduction, share repurchases, or other corporate uses. CoreCivic completes facility sale
• Positive Sentiment: ICE demand remains a growth catalyst: CoreCivic won a five-year contract for the 1,600-bed Prairie facility, which is expected to generate approximately $75 million in annual revenue once fully operational. The company is also discussing potential additional facility acquisitions with ICE. CoreCivic wins five-year ICE contract

Hedge Funds Weigh In On CoreCivic

Several institutional investors and hedge funds have recently modified their holdings of CXW. Smartleaf Asset Management LLC grew its stake in CoreCivic by 33.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 702 shares during the period. Kestra Advisory Services LLC purchased a new position in CoreCivic during the fourth quarter worth about $71,000. Summit Securities Group LLC purchased a new position in CoreCivic during the fourth quarter worth about $137,000. CIBC Asset Management Inc acquired a new stake in CoreCivic in the 4th quarter worth about $199,000. Finally, Evergreen Capital Management LLC acquired a new stake in CoreCivic in the 2nd quarter worth about $202,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

About CoreCivic

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.