CoreCivic (CXW) Expected to Announce Earnings on Monday

CoreCivic (NYSE:CXW) is projected to post its quarterly earnings results after the market closes on Monday, February 10th. Analysts expect CoreCivic to post earnings of $0.33 per share and revenue of $465.17 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

CoreCivic Stock Down 1.0 %

CoreCivic stock opened at $20.50 on Monday. The stock has a market cap of $2.26 billion, a PE ratio of 30.59 and a beta of 1.01. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a fifty day moving average of $21.79 and a 200 day moving average of $17.06. CoreCivic has a one year low of $10.74 and a one year high of $24.99.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CXW shares. Wedbush upgraded shares of CoreCivic from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $19.00 to $30.00 in a research report on Tuesday, December 10th. Northland Securities upped their target price on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

Insiders Place Their Bets

In related news, 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 transaction of $576,680.00. Following the completion of the transaction, the executive vice president now owns 127,380 shares in the company, valued at approximately $2,825,288.40. This represents a 16.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David Garfinkle sold 50,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $24.20, for a total transaction of $1,210,000.00. Following the transaction, the chief financial officer now directly owns 276,528 shares of the company’s stock, valued at $6,691,977.60. The trade was a 15.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock worth $2,389,880 in the last three months. 1.89% of the stock is owned by company insiders.

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.