CoreCivic (NYSE:CXW - Get Free Report) will likely be posting 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. Individual that wish to listen to the company's earnings conference call can do so using this link.
Shares of NYSE CXW opened at $18.39 on Friday. 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 firm has a market cap of $2.03 billion, a price-to-earnings ratio of 27.45 and a beta of 1.00. The stock's fifty day moving average price is $21.55 and its two-hundred day moving average price is $17.16. CoreCivic has a one year low of $10.74 and a one year high of $24.99.
Several equities analysts recently commented on the stock. Wedbush upgraded shares of CoreCivic from a "neutral" rating to an "outperform" rating and upped their price target for the company from $19.00 to $30.00 in a research note on Tuesday, December 10th. Northland Securities increased their target price on shares of CoreCivic from $17.00 to $32.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th.
Check Out Our Latest Research Report on CoreCivic
In other CoreCivic news, Director Mark A. Emkes sold 16,000 shares of the business'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 transaction, the director now directly owns 149,264 shares in the company, valued at $3,388,292.80. The trade was a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David Garfinkle sold 50,000 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $24.20, for a total value of $1,210,000.00. Following the sale, the chief financial officer now 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 valued at $2,389,880 in the last three months. Corporate insiders own 2.21% of the company's stock.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Before you consider CoreCivic, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CoreCivic wasn't on the list.
While CoreCivic currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.