CoreCivic Inc (NYSE:CXW)’s traded shares stood at 1.09 million during the last session, with the company’s beta value hitting 0.99. At the close of trading, the stock’s price was $21.36, to imply a decrease of -0.33% or -$0.07 in intraday trading. The CXW share’s 52-week high remains $24.99, putting it -16.99% down since that peak but still an impressive 49.72% since price per share fell to its 52-week low of $10.74. The company has a valuation of $2.36B, with an average of 2.91 million shares in intraday trading volume over the past 10 days and average of 1.17 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for CoreCivic Inc (CXW), translating to a mean rating of 2.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give CXW a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.1.
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CoreCivic Inc (NYSE:CXW) trade information
After registering a -0.33% downside in the last session, CoreCivic Inc (CXW) has traded red over the past five days. The 5-day price performance for the stock is -5.15%, and 53.23% over 30 days. With these gigs, the year-to-date price performance is 47.01%. Short interest in CoreCivic Inc (NYSE:CXW) saw shorts transact 3.25 million shares and set a 4.79 days time to cover.
The extremes give us $14 and $17 for target low and target high price respectively. As such, CXW has been trading 20.41% off suggested target high and 34.46% from its likely low.
CoreCivic Inc (CXW) estimates and forecasts
Looking at statistics comparing CoreCivic Inc share performance against respective industry, we note that the company has outperformed competitors. CoreCivic Inc (CXW) shares are 42.12% up over the last 6 months, with its year-to-date growth rate higher than industry average at 11.56% against -3.80%. Revenue is forecast to shrink -56.52% this quarter before falling -36.00% for the next one. The rating firms project that company’s revenue will grow 2.68% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 465.17M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 472.24M.Earnings reports from the last fiscal year show that sales brought in 491.25M and 500.69M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -5.31% before dropping -5.68% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -15.16% for the past 5-year period. While 2024 is set for a -8.14% return in earnings, projections for the next 5 years are at 6.00% annually.
CXW Dividends
CoreCivic Inc has its next earnings report out on 2025-Feb-05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The company’s average dividend yield trailing the past 5-year period is 9.64%.
CoreCivic Inc (NYSE:CXW)’s Major holders
CoreCivic Inc insiders hold 1.74% of total outstanding shares, with institutional holders owning 90.05% of the shares at 91.65% float percentage. In total, 90.05% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 17.9 million shares (or 15.9374% of shares), all amounting to roughly $232.32 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 12.16 million shares, or about 10.8272% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $157.83 million.
