CoreCivic (NYSE:CXW) Issues FY 2026 Earnings Guidance

CoreCivic (NYSE:CXW) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.580-2.680 for the period, compared to the consensus EPS estimate of 1.800. The company issued revenue guidance of -.

CoreCivic Trading Down 1.7%

Shares of CoreCivic stock traded down $0.37 during mid-day trading on Thursday, hitting $20.80. The stock had a trading volume of 268,059 shares, compared to its average volume of 1,068,063. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.86. The firm has a market cap of $2.06 billion, a P/E ratio of 19.50 and a beta of 0.68. The firm has a 50-day moving average of $19.42 and a two-hundred day moving average of $18.87. CoreCivic has a 12-month low of $15.73 and a 12-month high of $23.54.

CoreCivic (NYSE:CXW) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The firm had revenue of $614.73 million during the quarter, compared to analysts’ expectations of $604.48 million. CoreCivic had a net margin of 5.27% and a return on equity of 8.17%. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. Sell-side analysts forecast that CoreCivic will post 2.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JonesTrading reissued a “buy” rating and issued a $30.00 price target on shares of CoreCivic in a research report on Friday, February 13th. Benchmark initiated coverage on shares of CoreCivic in a research note on Tuesday, March 24th. They set a “buy” rating and a $28.00 price target on the stock. Finally, Wall Street Zen upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Sunday, April 19th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Institutional Investors Weigh In On CoreCivic

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in shares of CoreCivic by 49.2% in the first quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust’s stock valued at $1,207,000 after purchasing an additional 19,630 shares during the last quarter. AQR Capital Management LLC grew its position in shares of CoreCivic by 69.8% in the first quarter. AQR Capital Management LLC now owns 28,120 shares of the real estate investment trust’s stock valued at $571,000 after purchasing an additional 11,557 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of CoreCivic by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,828 shares of the real estate investment trust’s stock valued at $1,315,000 after buying an additional 2,828 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of CoreCivic by 3,884.2% in the first quarter. Jones Financial Companies Lllp now owns 18,885 shares of the real estate investment trust’s stock valued at $383,000 after buying an additional 18,411 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of CoreCivic by 2.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,467 shares of the real estate investment trust’s stock valued at $4,473,000 after buying an additional 4,977 shares during the last quarter. 85.13% of the stock is owned by institutional investors and hedge funds.

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.