Analysts Expect CoreCivic (CXW) to Post $0.51 EPS

Equities research analysts predict that CoreCivic (NYSE:CXW) will report $0.51 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for CoreCivic’s earnings, with the lowest EPS estimate coming in at $0.51 and the highest estimate coming in at $0.52. CoreCivic posted earnings per share of $0.63 during the same quarter last year, which indicates a negative year over year growth rate of 19%. The business is expected to issue its next earnings results on Wednesday, May 2nd.

On average, analysts expect that CoreCivic will report full year earnings of $2.23 per share for the current financial year, with EPS estimates ranging from $2.22 to $2.24. For the next financial year, analysts anticipate that the company will post earnings of $2.23 per share, with EPS estimates ranging from $2.21 to $2.26. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover CoreCivic.

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CoreCivic (NYSE:CXW) last released its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.15). The business had revenue of $440.58 million during the quarter, compared to analysts’ expectations of $429.88 million. CoreCivic had a net margin of 10.08% and a return on equity of 12.61%.

Several research firms have recently commented on CXW. Zacks Investment Research raised shares of CoreCivic from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. Deutsche Bank dropped their price objective on shares of CoreCivic from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Finally, ValuEngine downgraded shares of CoreCivic from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $32.75.

In other news, Director Mark A. Emkes bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was purchased at an average cost of $21.17 per share, for a total transaction of $105,850.00. Following the purchase, the director now directly owns 56,488 shares in the company, valued at approximately $1,195,850.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. lifted its stake in shares of CoreCivic by 10.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 66,163 shares of the real estate investment trust’s stock valued at $1,489,000 after purchasing an additional 6,292 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of CoreCivic in the 4th quarter valued at $1,683,000. Gotham Asset Management LLC lifted its stake in shares of CoreCivic by 19.1% in the 4th quarter. Gotham Asset Management LLC now owns 18,388 shares of the real estate investment trust’s stock valued at $414,000 after purchasing an additional 2,945 shares during the period. Verition Fund Management LLC acquired a new position in shares of CoreCivic in the 4th quarter valued at $240,000. Finally, Philadelphia Financial Management of San Francisco LLC lifted its stake in shares of CoreCivic by 12.0% in the 4th quarter. Philadelphia Financial Management of San Francisco LLC now owns 1,145,426 shares of the real estate investment trust’s stock valued at $25,772,000 after purchasing an additional 123,079 shares during the period. Hedge funds and other institutional investors own 79.84% of the company’s stock.

Shares of CXW stock traded up $0.09 during trading hours on Friday, hitting $20.73. The company’s stock had a trading volume of 822,603 shares, compared to its average volume of 866,578. The company has a market capitalization of $2,439.74, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 1.54 and a beta of 0.92. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.13 and a quick ratio of 1.13. CoreCivic has a 12-month low of $18.61 and a 12-month high of $35.10.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be paid a $0.43 dividend. This is a boost from CoreCivic’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 8.30%. The ex-dividend date is Thursday, March 29th. CoreCivic’s payout ratio is currently 74.14%.

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About CoreCivic

The Company is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through corrections and detention management, government real estate solutions, and a growing network of residential reentry centers to help address America's recidivism crisis.

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Earnings History and Estimates for CoreCivic (NYSE:CXW)

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