CoreCivic (NYSE:CXW) Posts Quarterly Earnings Results, Beats Expectations By $0.30 EPS

CoreCivic (NYSE:CXW) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.30, Zacks reports. The company had revenue of $684.92 million during the quarter, compared to analysts’ expectations of $618.63 million. CoreCivic had a return on equity of 9.29% and a net margin of 5.53%.The firm’s revenue was up 27.3% compared to the same quarter last year. During the same period last year, the business posted $0.59 earnings per share. CoreCivic updated its FY 2026 guidance to 2.610-2.700 EPS.

CoreCivic Trading Up 3.7%

Shares of CXW traded up $1.11 during midday trading on Wednesday, reaching $31.26. The company had a trading volume of 2,567,827 shares, compared to its average volume of 975,444. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.99. CoreCivic has a 1-year low of $15.73 and a 1-year high of $32.69. The firm has a 50 day simple moving average of $28.78 and a 200-day simple moving average of $22.76. The stock has a market cap of $3.09 billion, a PE ratio of 25.41 and a beta of 0.58.

Institutional Investors Weigh In On CoreCivic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. raised its holdings in CoreCivic by 45.3% in the 4th quarter. Invesco Ltd. now owns 1,162,854 shares of the real estate investment trust’s stock valued at $22,222,000 after buying an additional 362,451 shares during the period. XTX Topco Ltd acquired a new stake in CoreCivic during the 4th quarter worth approximately $5,508,000. Summit Securities Group LLC purchased a new stake in CoreCivic during the 4th quarter worth about $137,000. Susquehanna Fundamental Investments LLC acquired a new position in CoreCivic during the 4th quarter worth approximately $744,000. Finally, Millennium Management LLC increased its holdings in CoreCivic by 14.2% in the fourth quarter. Millennium Management LLC now owns 924,516 shares of the real estate investment trust’s stock valued at $17,668,000 after buying an additional 114,981 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Key Headlines Impacting CoreCivic

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Quarterly earnings beat expectations: CoreCivic reported adjusted EPS of $0.64, well above the $0.34 consensus estimate. Revenue rose 27.3% year over year to $684.92 million, exceeding forecasts of $618.63 million and improving from $0.59 per share in the prior-year quarter. CoreCivic earnings press release
• Positive Sentiment: FY 2026 guidance was raised: Management projected EPS of $2.610-$2.700, substantially above the cited analyst consensus of $1.810. The higher outlook signals stronger expected demand and operating performance.
• Positive Sentiment: $734 million facility sale completed: CoreCivic sold two detention facilities in Minnesota and Kansas to the U.S. Department of Homeland Security. After taxes and transaction costs, it expects approximately $522.5 million in proceeds, which could support debt reduction, share repurchases, or other corporate uses. CoreCivic completes facility sale
• Positive Sentiment: ICE demand remains a growth catalyst: CoreCivic won a five-year contract for the 1,600-bed Prairie facility, which is expected to generate approximately $75 million in annual revenue once fully operational. The company is also discussing potential additional facility acquisitions with ICE. CoreCivic wins five-year ICE contract

Analysts Set New Price Targets

Several equities research analysts have recently commented on CXW shares. JonesTrading reiterated a “buy” rating and set a $30.00 price objective on shares of CoreCivic in a research note on Wednesday. Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Benchmark lifted their price objective on shares of CoreCivic from $36.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Northland Securities set a $40.00 price objective on CoreCivic in a research report on Friday, June 26th. Finally, Noble Financial upped their price target on shares of CoreCivic from $28.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $36.20.

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.