CoreCivic (NYSE:CXW) Releases FY 2026 Earnings Guidance

CoreCivic (NYSE:CXW) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 2.540-2.64 for the period, compared to the consensus EPS estimate of 1.870. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Jones Trading restated a “buy” rating and set a $30.00 price target on shares of CoreCivic in a research note on Friday, November 7th. Wall Street Zen downgraded shares of CoreCivic from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

CoreCivic Stock Performance

Shares of NYSE CXW traded down $0.99 during midday trading on Thursday, hitting $17.52. The company’s stock had a trading volume of 151,167 shares, compared to its average volume of 881,446. The stock has a fifty day moving average price of $19.18 and a 200 day moving average price of $19.24. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 17.69 and a beta of 0.71. CoreCivic has a one year low of $15.95 and a one year high of $23.54. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

CoreCivic (NYSE:CXW) last released its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. The company had revenue of $603.95 million for the quarter, compared to analyst estimates of $585.12 million. CoreCivic had a return on equity of 7.38% and a net margin of 5.24%.The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. On average, research analysts forecast that CoreCivic will post 1.5 EPS for the current fiscal year.

CoreCivic announced that its board has initiated a stock buyback plan on Monday, November 10th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the real estate investment trust to buy up to 10.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On CoreCivic

A number of institutional investors have recently made changes to their positions in CXW. Royal Bank of Canada lifted its holdings in CoreCivic by 49.2% in the first quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust’s stock worth $1,207,000 after buying an additional 19,630 shares during the period. AQR Capital Management LLC raised its stake in CoreCivic by 69.8% during the first quarter. AQR Capital Management LLC now owns 28,120 shares of the real estate investment trust’s stock valued at $571,000 after buying an additional 11,557 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of CoreCivic by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,828 shares of the real estate investment trust’s stock worth $1,315,000 after purchasing an additional 2,828 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in CoreCivic by 3,884.2% in the 1st quarter. Jones Financial Companies Lllp now owns 18,885 shares of the real estate investment trust’s stock worth $383,000 after purchasing an additional 18,411 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in CoreCivic by 2.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,467 shares of the real estate investment trust’s stock valued at $4,473,000 after purchasing an additional 4,977 shares during the last quarter. 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.