CoreCivic (CXW) Receives Daily News Sentiment Rating of 0.20

News headlines about CoreCivic (NYSE:CXW) have trended somewhat positive on Thursday, according to Accern. Accern scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CoreCivic earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.4269674886516 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the news headlines that may have impacted Accern’s scoring:

Several research firms have recently issued reports on CXW. Zacks Investment Research cut CoreCivic from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. ValuEngine cut CoreCivic from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Deutsche Bank reduced their target price on CoreCivic from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $32.75.

CXW stock traded down $0.11 during midday trading on Thursday, hitting $19.52. The stock had a trading volume of 778,554 shares, compared to its average volume of 985,656. The stock has a market cap of $2,294.34, a price-to-earnings ratio of 13.01, a PEG ratio of 1.45 and a beta of 0.91. CoreCivic has a 52-week low of $19.02 and a 52-week high of $35.10. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.99.

CoreCivic (NYSE:CXW) last issued its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.15). The firm had revenue of $440.58 million during the quarter, compared to analysts’ expectations of $429.88 million. CoreCivic had a return on equity of 12.61% and a net margin of 10.08%. equities research analysts expect that CoreCivic will post 2.23 earnings per share for the current fiscal year.

The company also recently declared 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 represents a $1.72 annualized dividend and a yield of 8.81%. This is a boost from CoreCivic’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, March 29th. CoreCivic’s dividend payout ratio is presently 112.00%.

In other news, Director Mark A. Emkes purchased 5,000 shares of CoreCivic stock in a transaction that occurred on Friday, March 2nd. The shares were bought at an average cost of $21.17 per share, with a total value of $105,850.00. Following the completion of the purchase, the director now directly owns 56,488 shares in the company, valued at $1,195,850.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for CoreCivic (NYSE:CXW)

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