Equities analysts expect Corrections Corp. of America (NYSE:CXW) to post earnings per share (EPS) of $0.54 for the current quarter, Zacks reports. Three analysts have made estimates for Corrections Corp. of America’s earnings. The lowest EPS estimate is $0.53 and the highest is $0.54. Corrections Corp. of America posted earnings per share of $0.47 in the same quarter last year, which would indicate a positive year over year growth rate of 14.9%. The firm is scheduled to announce its next earnings report on Wednesday, November 1st.

On average, analysts expect that Corrections Corp. of America will report full-year earnings of $2.33 per share for the current year, with EPS estimates ranging from $2.32 to $2.33. For the next fiscal year, analysts forecast that the company will report earnings of $2.25 per share, with EPS estimates ranging from $2.21 to $2.28. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Corrections Corp. of America.

Corrections Corp. of America (NYSE:CXW) last released its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.23. The firm had revenue of $436.39 million for the quarter, compared to analyst estimates of $437.92 million. Corrections Corp. of America had a return on equity of 14.54% and a net margin of 11.62%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share.

A number of brokerages have recently weighed in on CXW. Zacks Investment Research upgraded Corrections Corp. of America from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Friday, August 4th. ValuEngine upgraded Corrections Corp. of America from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. BidaskClub downgraded Corrections Corp. of America from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Finally, Deutsche Bank AG cut their target price on Corrections Corp. of America from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $30.00.

Corrections Corp. of America (NYSE:CXW) traded up 1.08% during mid-day trading on Friday, reaching $26.09. The company’s stock had a trading volume of 959,567 shares. Corrections Corp. of America has a 52-week low of $12.99 and a 52-week high of $35.33. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 14.52 and a beta of 0.92. The firm has a 50 day moving average price of $26.01 and a 200 day moving average price of $29.72.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.44%. Corrections Corp. of America’s payout ratio is presently 93.86%.

In related news, EVP Kim White sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $26.27, for a total value of $131,350.00. Following the transaction, the executive vice president now owns 22,393 shares in the company, valued at $588,264.11. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System lifted its stake in Corrections Corp. of America by 1.8% in the second quarter. Arizona State Retirement System now owns 49,800 shares of the real estate investment trust’s stock valued at $1,373,000 after purchasing an additional 900 shares during the last quarter. State Street Corp purchased a new position in Corrections Corp. of America in the first quarter valued at approximately $100,342,000. Morgan Stanley lifted its stake in Corrections Corp. of America by 78.6% in the first quarter. Morgan Stanley now owns 751,496 shares of the real estate investment trust’s stock valued at $23,612,000 after purchasing an additional 330,634 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Corrections Corp. of America by 4.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 209,452 shares of the real estate investment trust’s stock valued at $6,581,000 after purchasing an additional 9,821 shares during the last quarter. Finally, Koch Industries Inc. purchased a new position in Corrections Corp. of America in the first quarter valued at approximately $252,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

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About Corrections Corp. of America

CoreCivic, Inc, formerly Corrections Corporation of America, is a diversified government solutions company. The Company provides partnership correctional, detention and residential reentry facilities and operates prison in the United States. The Company’s business offerings include CoreCivic Safety, CoreCivic Properties, and CoreCivic Community.

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Earnings History and Estimates for Corrections Corp. of America (NYSE:CXW)

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