CoreCivic (NYSE:CXW – Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. CoreCivic has set its FY24 guidance at $1.56-$1.66 EPS and its FY 2024 guidance at 1.560-1.660 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.
CoreCivic (NYSE:CXW – Get Free Report) last released its earnings results on Wednesday, May 8th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.12). CoreCivic had a return on equity of 5.74% and a net margin of 3.34%. The business had revenue of $500.69 million for the quarter, compared to analysts’ expectations of $477.93 million. During the same period in the previous year, the company earned $0.34 EPS. CoreCivic’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts expect CoreCivic to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
CoreCivic Price Performance
NYSE:CXW opened at $12.19 on Tuesday. The stock’s fifty day moving average is $13.67 and its two-hundred day moving average is $14.51. CoreCivic has a 52 week low of $9.43 and a 52 week high of $16.54. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $1.36 billion, a P/E ratio of 21.98 and a beta of 0.87.
Insider Activity at CoreCivic
Analyst Ratings Changes
Several brokerages have issued reports on CXW. StockNews.com lowered CoreCivic from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Wedbush downgraded shares of CoreCivic from an “outperform” rating to a “neutral” rating and cut their target price for the company from $19.00 to $14.00 in a research note on Tuesday, June 11th. Finally, Noble Financial lowered shares of CoreCivic from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 12th.
View Our Latest Report on CoreCivic
CoreCivic Company Profile
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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