FY2025 EPS Estimates for CoreCivic Lifted by Noble Financial

CoreCivic, Inc. (NYSE:CXW) – Equities researchers at Noble Financial upped their FY2025 earnings per share estimates for shares of CoreCivic in a research note issued to investors on Monday, May 12th. Noble Financial analyst J. Gomes now expects that the real estate investment trust will post earnings of $1.74 per share for the year, up from their previous estimate of $1.61. Noble Financial has a “Outperform” rating on the stock. The consensus estimate for CoreCivic’s current full-year earnings is $1.50 per share. Noble Financial also issued estimates for CoreCivic’s Q4 2025 earnings at $0.45 EPS.

A number of other equities research analysts have also recently issued reports on the company. StockNews.com upgraded CoreCivic from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. Wedbush reiterated an “outperform” rating and set a $30.00 price objective on shares of CoreCivic in a research note on Tuesday, February 11th.

CoreCivic Trading Up 1.6%

NYSE CXW opened at $21.92 on Wednesday. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 35.93 and a beta of 0.79. The stock’s 50 day moving average price is $21.12 and its two-hundred day moving average price is $20.66. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 1.57. CoreCivic has a 52 week low of $10.74 and a 52 week high of $24.99.

CoreCivic (NYSE:CXW) last released its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.45 EPS for the quarter, beating the consensus estimate of $0.35 by $0.10. The firm had revenue of $488.60 million for the quarter, compared to analysts’ expectations of $478.49 million. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS.

Institutional Investors Weigh In On CoreCivic

A number of institutional investors and hedge funds have recently made changes to their positions in CXW. Millennium Management LLC increased its holdings in shares of CoreCivic by 88.4% during the 4th quarter. Millennium Management LLC now owns 1,261,944 shares of the real estate investment trust’s stock worth $27,435,000 after acquiring an additional 592,070 shares during the last quarter. Cooper Creek Partners Management LLC increased its holdings in shares of CoreCivic by 9.9% during the 4th quarter. Cooper Creek Partners Management LLC now owns 6,127,227 shares of the real estate investment trust’s stock worth $133,206,000 after acquiring an additional 553,336 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of CoreCivic during the 4th quarter worth approximately $11,733,000. Nuveen LLC acquired a new position in shares of CoreCivic during the 1st quarter worth approximately $10,629,000. Finally, Forest Avenue Capital Management LP acquired a new position in shares of CoreCivic during the 4th quarter worth approximately $11,205,000. Institutional investors own 85.13% of the company’s stock.

About CoreCivic

CoreCivic, Inc owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions.