CoreCivic (CXW) Expected to Announce Quarterly Earnings on Monday

CoreCivic (NYSE:CXW) is anticipated to issue its quarterly earnings data after the market closes on Monday, February 10th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $465.17 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

CoreCivic Stock Down 1.0 %

Shares of CoreCivic stock opened at $20.50 on Monday. The company’s fifty day simple moving average is $21.79 and its two-hundred day simple moving average is $17.06. The company has a market cap of $2.26 billion, a P/E ratio of 30.59 and a beta of 1.01. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. CoreCivic has a 12-month low of $10.74 and a 12-month high of $24.99.

Wall Street Analysts Forecast Growth

CXW has been the subject of several research analyst reports. Wedbush upgraded shares of CoreCivic from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $19.00 to $30.00 in a report on Tuesday, December 10th. Northland Securities boosted their price objective on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

Insider Transactions at CoreCivic

In other news, Director Anne L. Mariucci sold 10,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the director now owns 101,936 shares in the company, valued at $2,446,464. The trade was a 8.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Anthony L. Grande sold 26,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total value of $576,680.00. Following the sale, the executive vice president now directly owns 127,380 shares in the company, valued at $2,825,288.40. This trade represents a 16.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock valued at $2,389,880 in the last quarter. 1.89% of the stock is owned by insiders.

About CoreCivic

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.