Wall Street analysts expect that CoreCivic, Inc. (NYSE:CXW) will announce $466.09 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for CoreCivic’s earnings. The highest sales estimate is $485.90 million and the lowest is $445.00 million. CoreCivic reported sales of $472.64 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.4%. The firm is scheduled to report its next quarterly earnings report on Wednesday, August 4th.
On average, analysts expect that CoreCivic will report full-year sales of $1.86 billion for the current fiscal year, with estimates ranging from $1.78 billion to $1.92 billion. For the next financial year, analysts forecast that the business will post sales of $1.90 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow CoreCivic.
CoreCivic (NYSE:CXW) last announced its quarterly earnings results on Wednesday, May 5th. The real estate investment trust reported $0.24 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. CoreCivic had a positive return on equity of 4.96% and a negative net margin of 5.54%.
Shares of NYSE:CXW traded down $0.23 during trading on Monday, hitting $10.01. 434 shares of the stock were exchanged, compared to its average volume of 1,061,317. The company has a fifty day simple moving average of $9.81. The company has a market capitalization of $1.20 billion, a P/E ratio of -11.51 and a beta of 1.30. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.95 and a current ratio of 1.95. CoreCivic has a 12-month low of $5.76 and a 12-month high of $12.35.
In related news, EVP Patrick D. Swindle sold 25,000 shares of CoreCivic stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $8.34, for a total transaction of $208,500.00. Following the completion of the transaction, the executive vice president now directly owns 182,871 shares in the company, valued at approximately $1,525,144.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.38% of the company’s stock.
Several institutional investors have recently modified their holdings of CXW. CWM LLC acquired a new position in CoreCivic in the 1st quarter valued at $27,000. The PNC Financial Services Group Inc. raised its holdings in CoreCivic by 295.5% in the 1st quarter. The PNC Financial Services Group Inc. now owns 7,929 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 5,924 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in CoreCivic in the 1st quarter valued at $85,000. Teacher Retirement System of Texas acquired a new position in CoreCivic in the 4th quarter valued at $72,000. Finally, Quantbot Technologies LP raised its holdings in CoreCivic by 181.7% in the 1st quarter. Quantbot Technologies LP now owns 11,192 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 7,219 shares during the last quarter. Hedge funds and other institutional investors own 74.66% of the company’s stock.
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.
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