CoreCivic (NYSE:CXW) Issues FY 2026 Earnings Guidance

CoreCivic (NYSE:CXW) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.610-2.700 for the period, compared to the consensus EPS estimate of 1.810. The company issued revenue guidance of -.

CoreCivic Stock Performance

Shares of CXW opened at $31.26 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.44 and a current ratio of 2.44. CoreCivic has a 1 year low of $15.73 and a 1 year high of $32.69. The firm has a fifty day moving average of $28.78 and a 200-day moving average of $22.76. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 25.41 and a beta of 0.58.

Wall Street Analyst Weigh In

CXW has been the topic of a number of research analyst reports. Northland Securities set a $40.00 price target on CoreCivic in a report on Friday, June 26th. UBS Group set a $35.00 price target on CoreCivic in a research note on Tuesday, July 7th. Noble Financial increased their target price on CoreCivic from $28.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. Benchmark increased their target price on shares of CoreCivic from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings upgraded CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $36.20.

More CoreCivic News

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Strong Q2 performance: CoreCivic reported earnings of $0.64 per share, beating the $0.34 consensus estimate, while revenue reached $684.9 million versus expectations of $618.6 million. Revenue increased 27.3% year over year. CoreCivic Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Raised 2026 guidance: The company projected full-year EPS of $2.61 to $2.70, substantially above the $1.81 analyst consensus, signaling confidence in continued demand and profitability.
• Positive Sentiment: $734 million facility sale: CoreCivic completed the sale of two detention facilities to the Department of Homeland Security for $734 million and expects approximately $522.5 million in net proceeds. Potential uses include debt reduction and share repurchases, which could strengthen the balance sheet and support shareholder returns. CoreCivic Sells 2 Detention Centers to Department of Homeland Security for $734 Million
• Positive Sentiment: Expanded ICE demand: CoreCivic won a five-year contract for its 1,600-bed Prairie Correctional Facility, expected to generate about $75 million in annual revenue once fully operational. The company also expects to continue managing the facilities sold to the government under ICE contracts. CoreCivic Wins Five-Year ICE Contract for Minnesota Facility
• Neutral Sentiment: Analyst valuation is mixed: JonesTrading reaffirmed a “buy” rating but set a $30 price target, below the stock’s referenced $31.26 level. This contrasts with other recent targets, including $35 and $41, reflecting differing views on how much of the growth outlook is already priced in.
• Negative Sentiment: Government-contract exposure remains a risk: ICE may modify or terminate management agreements because of funding decisions or convenience, and CoreCivic cannot guarantee it will continue operating the recently sold facilities under existing terms.

Institutional Investors Weigh In On CoreCivic

Several hedge funds have recently made changes to their positions in CXW. Elevation Point Wealth Partners LLC acquired a new position in CoreCivic in the third quarter valued at about $221,000. Nicolet Advisory Services LLC acquired a new stake in CoreCivic during the 3rd quarter valued at $224,000. Inceptionr LLC acquired a new stake in CoreCivic during the 3rd quarter valued at $219,000. Osaic Holdings Inc. raised its position in CoreCivic by 19.1% in the 2nd quarter. Osaic Holdings Inc. now owns 10,102 shares of the real estate investment trust’s stock valued at $213,000 after purchasing an additional 1,618 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in CoreCivic by 294.9% in the second quarter. Tower Research Capital LLC TRC now owns 12,258 shares of the real estate investment trust’s stock worth $258,000 after purchasing an additional 9,154 shares in the last quarter. Institutional investors own 85.13% of the company’s stock.

About CoreCivic

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.