CoreCivic (NYSE:CXW) Updates FY 2026 Earnings Guidance

CoreCivic (NYSE:CXW) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 2.540-2.64 for the period, compared to the consensus EPS estimate of 1.870. The company issued revenue guidance of -.

CoreCivic Stock Down 5.3%

CXW stock traded down $0.99 during midday trading on Thursday, reaching $17.52. 151,167 shares of the company were exchanged, compared to its average volume of 881,446. The stock’s 50-day simple moving average is $19.18 and its 200 day simple moving average is $19.24. CoreCivic has a 1-year low of $15.95 and a 1-year high of $23.54. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 17.69 and a beta of 0.71.

CoreCivic (NYSE:CXW) last posted its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. The firm had revenue of $603.95 million for the quarter, compared to analyst estimates of $585.12 million. CoreCivic had a net margin of 5.24% and a return on equity of 7.38%. CoreCivic’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period last year, the firm posted $0.39 EPS. On average, equities analysts forecast that CoreCivic will post 1.5 earnings per share for the current year.

CoreCivic announced that its Board of Directors has initiated a share buyback program on Monday, November 10th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of CoreCivic from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Jones Trading reissued a “buy” rating and issued a $30.00 price target on shares of CoreCivic in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Institutional Trading of CoreCivic

Hedge funds and other institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its stake in CoreCivic by 33.0% in the second quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 702 shares in the last quarter. CIBC Asset Management Inc bought a new stake in shares of CoreCivic during the 4th quarter worth $199,000. Evergreen Capital Management LLC bought a new position in CoreCivic in the second quarter valued at about $202,000. Osaic Holdings Inc. lifted its holdings in shares of CoreCivic by 19.1% in the second quarter. Osaic Holdings Inc. now owns 10,102 shares of the real estate investment trust’s stock worth $213,000 after acquiring an additional 1,618 shares during the last quarter. Finally, Inceptionr LLC acquired a new stake in shares of CoreCivic in the 3rd quarter valued at approximately $219,000. Institutional investors and hedge funds 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.