Wall Street analysts forecast that Corecivic Inc (NYSE:CXW) will report earnings per share (EPS) of $0.61 for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Corecivic’s earnings, with estimates ranging from $0.60 to $0.62. Corecivic posted earnings per share of $0.58 in the same quarter last year, which indicates a positive year-over-year growth rate of 5.2%. The business is expected to report its next earnings results on Monday, November 4th.
On average, analysts expect that Corecivic will report full year earnings of $2.60 per share for the current fiscal year, with EPS estimates ranging from $2.58 to $2.62. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Corecivic.
Corecivic (NYSE:CXW) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.07. The company had revenue of $490.29 million during the quarter, compared to the consensus estimate of $483.78 million. Corecivic had a return on equity of 13.50% and a net margin of 9.39%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.57 EPS.
Shares of CXW traded up $0.09 during trading hours on Monday, hitting $17.90. The stock had a trading volume of 701,082 shares, compared to its average volume of 717,319. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a 50 day simple moving average of $17.27 and a 200-day simple moving average of $19.72. The firm has a market capitalization of $2.10 billion, a P/E ratio of 7.75 and a beta of 1.03. Corecivic has a 1-year low of $15.56 and a 1-year high of $25.82.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a $0.44 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.76 annualized dividend and a dividend yield of 9.83%. Corecivic’s dividend payout ratio is presently 76.19%.
In other news, Director Thurgood Marshall, Jr. sold 7,600 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $17.65, for a total value of $134,140.00. Following the completion of the sale, the director now directly owns 32,057 shares in the company, valued at approximately $565,806.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.24% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its stake in Corecivic by 276.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,614 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,185 shares during the last quarter. US Bancorp DE boosted its stake in Corecivic by 104.9% during the 2nd quarter. US Bancorp DE now owns 2,166 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,109 shares during the last quarter. Carroll Financial Associates Inc. boosted its stake in Corecivic by 39.5% during the 2nd quarter. Carroll Financial Associates Inc. now owns 3,010 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 853 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in Corecivic during the 2nd quarter valued at about $63,000. Finally, Pearl River Capital LLC boosted its stake in Corecivic by 1,575.5% during the 2nd quarter. Pearl River Capital LLC now owns 3,284 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 3,088 shares during the last quarter. Institutional investors and hedge funds own 81.84% of the company’s stock.
Corecivic Company Profile
CoreCivic 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, a growing network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.
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