Analysts Offer Predictions for CoreCivic FY2025 Earnings

CoreCivic, Inc. (NYSE:CXW) – Equities researchers at Noble Financial lowered their FY2025 earnings estimates for shares of CoreCivic in a report issued on Wednesday, February 12th. Noble Financial analyst J. Gomes now forecasts that the real estate investment trust will post earnings per share of $1.61 for the year, down from their previous forecast of $1.67. Noble Financial has a “Outperform” rating on the stock. The consensus estimate for CoreCivic’s current full-year earnings is $1.64 per share. Noble Financial also issued estimates for CoreCivic’s FY2026 earnings at $1.85 EPS.

CoreCivic (NYSE:CXW) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. CoreCivic had a net margin of 3.85% and a return on equity of 6.55%.

Several other research firms have also recently issued reports on CXW. Wedbush reissued an “outperform” rating and issued a $30.00 price target on shares of CoreCivic in a research note on Tuesday, February 11th. StockNews.com raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Finally, Northland Securities upped their price target on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

CoreCivic Stock Up 1.7 %

CXW opened at $19.16 on Monday. The stock’s 50 day moving average price is $21.13 and its 200 day moving average price is $17.42. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market cap of $2.11 billion, a P/E ratio of 28.59 and a beta of 1.00. CoreCivic has a 12 month low of $10.74 and a 12 month high of $24.99.

Institutional Investors Weigh In On CoreCivic

Large investors have recently modified their holdings of the stock. nVerses Capital LLC lifted its holdings in shares of CoreCivic by 177.4% during the third quarter. nVerses Capital LLC now owns 8,600 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 5,500 shares during the last quarter. abrdn plc lifted its stake in CoreCivic by 8.7% during the third quarter. abrdn plc now owns 1,031,400 shares of the real estate investment trust’s stock valued at $13,047,000 after buying an additional 82,500 shares in the last quarter. River Road Asset Management LLC boosted its holdings in shares of CoreCivic by 0.5% in the third quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock worth $108,937,000 after buying an additional 40,365 shares during the period. Hourglass Capital LLC increased its position in shares of CoreCivic by 2.1% in the third quarter. Hourglass Capital LLC now owns 121,380 shares of the real estate investment trust’s stock worth $1,535,000 after acquiring an additional 2,490 shares in the last quarter. Finally, Chesapeake Capital Corp IL acquired a new stake in shares of CoreCivic during the third quarter valued at approximately $139,000. 85.13% of the stock is owned by institutional investors.

Insider Transactions at CoreCivic

In related news, Director Mark A. Emkes sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $22.70, for a total transaction of $363,200.00. Following the completion of the sale, the director now directly owns 149,264 shares in the company, valued at approximately $3,388,292.80. This trade represents a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Anthony L. Grande sold 26,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total value of $576,680.00. Following the completion of the transaction, the executive vice president now directly owns 127,380 shares in the company, valued at $2,825,288.40. This represents a 16.95 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.89% of the company’s stock.

About CoreCivic

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.