Corecivic (NYSE:CXW) released its quarterly earnings data on Wednesday. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.01, Bloomberg Earnings reports. Corecivic had a net margin of 11.03% and a return on equity of 13.54%. Corecivic updated its Q1 guidance to $0.51-0.53 EPS and its FY18 guidance to $2.23-2.31 EPS.
Corecivic (CXW) traded up $0.40 during mid-day trading on Wednesday, reaching $21.66. 1,975,021 shares of the company’s stock traded hands, compared to its average volume of 1,040,000. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $2,560.00, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 1.50 and a beta of 0.85. Corecivic has a 12 month low of $19.59 and a 12 month high of $35.33.
The firm also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 7.76%. The ex-dividend date was Friday, December 29th. Corecivic’s dividend payout ratio is 100.60%.
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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