Wedbush Has Bearish Forecast for CoreCivic Q1 Earnings

CoreCivic, Inc. (NYSE:CXW) – Wedbush decreased their Q1 2025 earnings estimates for shares of CoreCivic in a research note issued to investors on Tuesday, February 11th. Wedbush analyst J. Mccanless now forecasts that the real estate investment trust will post earnings of $0.34 per share for the quarter, down from their prior forecast of $0.39. Wedbush currently has a “Outperform” rating and a $30.00 target price on the stock. The consensus estimate for CoreCivic’s current full-year earnings is $1.64 per share. Wedbush also issued estimates for CoreCivic’s Q2 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.38 EPS and FY2025 earnings at $1.46 EPS.

A number of other brokerages also recently commented on CXW. Northland Securities upped their target price 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. Noble Financial raised shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday.

CoreCivic Stock Performance

Shares of NYSE:CXW opened at $19.05 on Thursday. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 28.44 and a beta of 1.00. CoreCivic has a 12 month low of $10.74 and a 12 month high of $24.99. The firm’s 50-day moving average is $21.30 and its 200 day moving average is $17.29. 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 (NYSE:CXW) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. CoreCivic had a net margin of 3.85% and a return on equity of 6.55%.

Insider Activity at CoreCivic

In other CoreCivic news, EVP Anthony L. Grande sold 26,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total transaction of $576,680.00. Following the transaction, the executive vice president now owns 127,380 shares in the company, valued at approximately $2,825,288.40. This represents a 16.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Emkes sold 16,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $22.70, for a total transaction of $363,200.00. Following the completion of the sale, the director now owns 149,264 shares in the company, valued at $3,388,292.80. The trade was a 9.68 % decrease in their position. The disclosure for this sale can be found here. 1.89% of the stock is currently owned by corporate insiders.

Institutional Trading of CoreCivic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in CoreCivic by 47.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,459 shares of the real estate investment trust’s stock valued at $2,447,000 after buying an additional 62,022 shares during the period. Barclays PLC lifted its stake in shares of CoreCivic by 312.4% in the third quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust’s stock worth $2,331,000 after buying an additional 139,631 shares in the last quarter. River Road Asset Management LLC lifted its stake in shares of CoreCivic by 0.5% in the third quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock worth $108,937,000 after buying an additional 40,365 shares in the last quarter. Algert Global LLC lifted its stake in shares of CoreCivic by 348.2% in the third quarter. Algert Global LLC now owns 50,883 shares of the real estate investment trust’s stock worth $644,000 after buying an additional 39,530 shares in the last quarter. Finally, Tandem Financial LLC purchased a new position in CoreCivic during the fourth quarter worth about $573,000. Institutional investors and hedge funds own 85.13% 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.