FY2027 EPS Estimates for CoreCivic Lifted by Noble Financial

CoreCivic, Inc. (NYSE:CXW) – Equities researchers at Noble Financial raised their FY2027 EPS estimates for shares of CoreCivic in a research note issued to investors on Monday, August 10th. Noble Financial analyst J. Gomes now forecasts that the real estate investment trust will earn $3.19 per share for the year, up from their prior forecast of $2.73. Noble Financial currently has a “Outperform” rating on the stock. The consensus estimate for CoreCivic’s current full-year earnings is $2.64 per share.

Other equities analysts have also issued reports about the company. UBS Group set a $35.00 target price on CoreCivic in a report on Tuesday, July 7th. Wall Street Zen raised CoreCivic from a “hold” rating to a “buy” rating in a report on Monday. Northland Securities set a $40.00 price objective on CoreCivic in a research report on Friday, June 26th. Benchmark upped their price objective on CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday. Finally, JonesTrading reaffirmed a “buy” rating and issued a $30.00 target price on shares of CoreCivic in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $37.00.

CoreCivic Stock Performance

Shares of NYSE CXW opened at $33.86 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average price is $29.71 and its two-hundred day moving average price is $23.12. CoreCivic has a 52-week low of $15.73 and a 52-week high of $34.86. The stock has a market capitalization of $3.35 billion, a P/E ratio of 27.09 and a beta of 0.58.

CoreCivic announced that its Board of Directors has authorized a stock repurchase plan on Monday, August 10th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to buy up to 15.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CXW. BlackRock Inc. acquired a new stake in shares of CoreCivic in the second quarter valued at approximately $480,557,000. Vanguard Group Inc. boosted its position in shares of CoreCivic by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 12,713,519 shares of the real estate investment trust’s stock worth $242,955,000 after buying an additional 138,846 shares during the period. River Road Asset Management LLC grew its holdings in CoreCivic by 3.3% in the 4th quarter. River Road Asset Management LLC now owns 8,978,240 shares of the real estate investment trust’s stock worth $171,574,000 after buying an additional 287,108 shares in the last quarter. Lee Danner & Bass Inc. grew its holdings in CoreCivic by 273.1% in the 1st quarter. Lee Danner & Bass Inc. now owns 2,173,498 shares of the real estate investment trust’s stock worth $41,101,000 after buying an additional 1,590,940 shares in the last quarter. Finally, Rubric Capital Management LP increased its position in CoreCivic by 5.0% in the 1st quarter. Rubric Capital Management LP now owns 2,059,216 shares of the real estate investment trust’s stock valued at $38,940,000 after acquiring an additional 97,770 shares during the period. Institutional investors own 85.13% of the company’s stock.

Trending Headlines about CoreCivic

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: CoreCivic authorized a $500 million accelerated share repurchase, allowing the company to buy back as much as 15.7% of its outstanding shares. The announcement drove a strong investor response and is the main catalyst behind the stock’s recent advance. CoreCivic Announces $500 Million Accelerated Share Repurchase Agreement
• Positive Sentiment: WallStreetZen upgraded CXW to Buy, adding to the favorable sentiment surrounding the stock. CoreCivic Upgraded to Buy at Wall Street Zen
• Neutral Sentiment: Short interest rose 65.8% in July to 3.57 million shares, or about 3.7% of shares outstanding, with 3.8 days to cover. The increase reflects greater bearish positioning, but it could also amplify any further gains if short sellers are forced to cover.
• Negative Sentiment: Noble Financial reduced its third-quarter 2026 EPS forecast to $0.62 from $0.68 and cut its full-year 2026 estimate to $2.61 from $2.64. The revisions suggest somewhat weaker near-term earnings expectations, although Noble retained an “Outperform” rating. The new annual estimate is also below the broader consensus of $2.66 per share.

CoreCivic Company Profile

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.