CoreCivic (NYSE:CXW) has been given an average recommendation of “Hold” by the seven analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $35.33.
CXW has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of CoreCivic from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. ValuEngine lowered shares of CoreCivic from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Deutsche Bank dropped their price target on shares of CoreCivic from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th.
In related news, Director Mark A. Emkes bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were acquired at an average price of $21.17 per share, with a total value of $105,850.00. Following the completion of the transaction, the director now owns 56,488 shares of the company’s stock, valued at approximately $1,195,850.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.30% of the company’s stock.
NYSE:CXW opened at $20.73 on Thursday. CoreCivic has a 12 month low of $18.61 and a 12 month high of $35.10. The company has a market capitalization of $2,450.37, a PE ratio of 8.90, a PEG ratio of 1.55 and a beta of 0.92. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.13 and a current ratio of 1.13.
CoreCivic (NYSE:CXW) last released its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.15). CoreCivic had a net margin of 10.08% and a return on equity of 12.61%. The firm had revenue of $440.58 million during the quarter, compared to the consensus estimate of $429.88 million. analysts predict that CoreCivic will post 2.23 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $1.72 dividend on an annualized basis and a yield of 8.30%. This is a positive change from CoreCivic’s previous quarterly dividend of $0.42. CoreCivic’s payout ratio is 74.14%.
CoreCivic Company Profile
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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