CoreCivic (NYSE:CXW) Issues FY 2026 Earnings Guidance

CoreCivic (NYSE:CXW) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 2.580-2.680 for the period, compared to the consensus EPS estimate of 1.800. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Several brokerages have commented on CXW. Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Sunday, April 19th. JonesTrading restated a “buy” rating and issued a $30.00 price objective on shares of CoreCivic in a report on Friday, February 13th. Finally, Benchmark started coverage on shares of CoreCivic in a report on Tuesday, March 24th. They issued a “buy” rating and a $28.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

CoreCivic Stock Up 9.1%

NYSE:CXW traded up $1.77 during midday trading on Wednesday, hitting $21.19. 1,861,566 shares of the company were exchanged, compared to its average volume of 1,077,900. The company has a fifty day simple moving average of $19.32 and a 200 day simple moving average of $18.84. CoreCivic has a fifty-two week low of $15.73 and a fifty-two week high of $23.54. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $2.10 billion, a PE ratio of 19.62 and a beta of 0.68.

CoreCivic (NYSE:CXW) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.10. CoreCivic had a net margin of 5.27% and a return on equity of 8.17%. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. As a group, equities analysts anticipate that CoreCivic will post 2.57 earnings per share for the current fiscal year.

Institutional Trading of CoreCivic

Hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in shares of CoreCivic by 33.0% in the second quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 702 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of CoreCivic in the fourth quarter valued at about $71,000. Summit Securities Group LLC purchased a new stake in shares of CoreCivic in the fourth quarter valued at about $137,000. Evergreen Capital Management LLC purchased a new stake in shares of CoreCivic in the second quarter valued at about $202,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of CoreCivic by 19.1% in the second quarter. Osaic Holdings Inc. now owns 10,102 shares of the real estate investment trust’s stock valued at $213,000 after purchasing an additional 1,618 shares in the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

CoreCivic Company Profile

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.