Corrections Corp Of America (CXW) Releases FY14 Earnings Guidance
Corrections Corp Of America (NYSE:CXW) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.87-1.93 for the period, compared to the Thomson Reuters consensus estimate of $1.88, Stock Ratings Network.com reports. Corrections Corp Of America also updated its Q3 guidance to $0.47-0.51 EPS.
Shares of Corrections Corp Of America (NYSE:CXW) traded up 1.50% on Wednesday, hitting $33.09. The stock had a trading volume of 634,947 shares. Corrections Corp Of America has a 52-week low of $30.37 and a 52-week high of $38.13. The stock has a 50-day moving average of $33.10 and a 200-day moving average of $32.80. The company has a market cap of $3.851 billion and a price-to-earnings ratio of 22.00.
Corrections Corp Of America (NYSE:CXW) last announced its earnings results on Wednesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. The company had revenue of $410.69 million for the quarter, compared to the consensus estimate of $407.99 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts predict that Corrections Corp Of America will post $1.88 earnings per share for the current fiscal year.
Corrections Corporation of America (NYSE:CXW) is a real estate investment trust.
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