Corecivic (NYSE:CXW) updated its fourth quarter 2018 earnings guidance on Monday. The company provided earnings per share guidance of $0.61-0.63 for the period. Corecivic also updated its FY 2018 guidance to $2.29-2.31 EPS.
Several research firms have commented on CXW. Zacks Investment Research upgraded Corecivic from a hold rating to a buy rating and set a $28.00 price objective on the stock in a research report on Monday, August 20th. ValuEngine upgraded Corecivic from a strong sell rating to a sell rating in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Corecivic has a consensus rating of Hold and a consensus price target of $32.67.
Shares of NYSE:CXW opened at $23.36 on Tuesday. Corecivic has a 1 year low of $18.61 and a 1 year high of $26.49. The company has a market cap of $2.69 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 1.63 and a beta of 1.01. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.19 and a current ratio of 1.19.
Corecivic (NYSE:CXW) last announced its earnings results on Monday, November 5th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). Corecivic had a net margin of 8.99% and a return on equity of 11.44%. The business had revenue of $462.73 million for the quarter, compared to analysts’ expectations of $454.79 million. During the same quarter last year, the business earned $0.35 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Sell-side analysts expect that Corecivic will post 2.32 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Monday, October 1st were given a dividend of $0.43 per share. The ex-dividend date was Friday, September 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 7.36%. Corecivic’s dividend payout ratio (DPR) is 74.14%.
In related news, Director Thurgood Marshall, Jr. sold 2,100 shares of the stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $25.95, for a total value of $54,495.00. Following the completion of the transaction, the director now directly owns 31,221 shares of the company’s stock, valued at approximately $810,184.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kim White sold 10,000 shares of the stock in a transaction on Monday, August 13th. The shares were sold at an average price of $25.11, for a total value of $251,100.00. Following the completion of the transaction, the executive vice president now directly owns 26,036 shares of the company’s stock, valued at $653,763.96. The disclosure for this sale can be found here. Insiders have sold a total of 106,733 shares of company stock worth $2,716,921 in the last quarter. Insiders own 1.30% of the company’s stock.
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The Company 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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