Corecivic (CXW) Issues Q1 Earnings Guidance

Corecivic (NYSE:CXW) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.51-0.53 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.51. Corecivic also updated its FY18 guidance to $2.23-2.31 EPS.

Several research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Corecivic from a buy rating to a hold rating in a report on Wednesday, January 10th. ValuEngine cut shares of Corecivic from a buy rating to a hold rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $33.25.

Shares of Corecivic (NYSE:CXW) traded up $0.40 on Wednesday, reaching $21.66. 1,971,815 shares of the company’s stock traded hands, compared to its average volume of 1,071,851. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.97. Corecivic has a one year low of $19.59 and a one year high of $35.33. The firm has a market capitalization of $2,540.00, a price-to-earnings ratio of 12.97, a P/E/G ratio of 1.50 and a beta of 0.85.

The business also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $1.68 annualized dividend and a yield of 7.76%. Corecivic’s payout ratio is currently 100.60%.

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Corecivic Company Profile

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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