CoreCivic (NYSE:CXW) Releases FY 2026 Earnings Guidance

CoreCivic (NYSE:CXW) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.610-2.700 for the period, compared to the consensus estimate of 1.810. The company issued revenue guidance of -.

CoreCivic Stock Performance

NYSE:CXW traded up $1.11 during trading on Wednesday, reaching $31.26. The company’s stock had a trading volume of 2,567,827 shares, compared to its average volume of 1,161,282. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 25.41 and a beta of 0.58. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.44 and a current ratio of 2.44. The firm has a 50 day moving average of $28.58 and a 200-day moving average of $22.68. CoreCivic has a 12 month low of $15.73 and a 12 month high of $32.69.

CoreCivic (NYSE:CXW) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.30. The company had revenue of $684.92 million for the quarter, compared to analysts’ expectations of $618.63 million. CoreCivic had a return on equity of 9.29% and a net margin of 5.53%.The business’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. Research analysts expect that CoreCivic will post 2.66 EPS for the current fiscal year.

Analysts Set New Price Targets

CXW has been the subject of several research analyst reports. Noble Financial raised their price target on shares of CoreCivic from $28.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th. JonesTrading reiterated a “buy” rating and issued a $30.00 price objective on shares of CoreCivic in a research note on Wednesday. Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Northland Securities set a $40.00 target price on CoreCivic in a research note on Friday, June 26th. Finally, Wall Street Zen cut CoreCivic from a “buy” rating to a “hold” rating in a research report on Sunday. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $36.20.

Trending Headlines about CoreCivic

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Quarterly earnings beat expectations: CoreCivic reported adjusted EPS of $0.64, well above the $0.34 consensus estimate. Revenue rose 27.3% year over year to $684.92 million, exceeding forecasts of $618.63 million and improving from $0.59 per share in the prior-year quarter. CoreCivic earnings press release
• Positive Sentiment: FY 2026 guidance was raised: Management projected EPS of $2.610-$2.700, substantially above the cited analyst consensus of $1.810. The higher outlook signals stronger expected demand and operating performance.
• Positive Sentiment: $734 million facility sale completed: CoreCivic sold two detention facilities in Minnesota and Kansas to the U.S. Department of Homeland Security. After taxes and transaction costs, it expects approximately $522.5 million in proceeds, which could support debt reduction, share repurchases, or other corporate uses. CoreCivic completes facility sale
• Positive Sentiment: ICE demand remains a growth catalyst: CoreCivic won a five-year contract for the 1,600-bed Prairie facility, which is expected to generate approximately $75 million in annual revenue once fully operational. The company is also discussing potential additional facility acquisitions with ICE. CoreCivic wins five-year ICE contract

Hedge Funds Weigh In On CoreCivic

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada increased its holdings in CoreCivic by 49.2% during the 1st quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust’s stock worth $1,207,000 after acquiring an additional 19,630 shares during the period. AQR Capital Management LLC boosted its holdings in CoreCivic by 69.8% in the 1st quarter. AQR Capital Management LLC now owns 28,120 shares of the real estate investment trust’s stock valued at $571,000 after purchasing an additional 11,557 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of CoreCivic by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,828 shares of the real estate investment trust’s stock valued at $1,315,000 after purchasing an additional 2,828 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of CoreCivic by 3,884.2% during the 1st quarter. Jones Financial Companies Lllp now owns 18,885 shares of the real estate investment trust’s stock valued at $383,000 after purchasing an additional 18,411 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of CoreCivic by 2.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,467 shares of the real estate investment trust’s stock worth $4,473,000 after purchasing an additional 4,977 shares during the period. 85.13% of the stock is currently owned by institutional investors.

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.