The closing price of CoreCivic Inc (NYSE: CXW) was $14.85 for the day, up 0.61% from the previous closing price of $14.76. In other words, the price has increased by $+0.09 from its previous closing price. On the day, 639068 shares were traded.
Ratios:
Our analysis of CXW’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.34. For the most recent quarter (mrq), Quick Ratio is recorded 1.60 and its Current Ratio is at 1.60. In the meantime, Its Debt-to-Equity ratio is 0.82 whereas as Long-Term Debt/Eq ratio is at 0.79.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Northland Capital on October 19, 2023, initiated with a Outperform rating and assigned the stock a target price of $16.
On April 14, 2022, Wedbush Upgraded its rating to Outperform which previously was Neutral but kept the price unchanged to $17.
On June 18, 2021, Wedbush started tracking the stock assigning a Neutral rating and target price of $10.85.Wedbush initiated its Neutral rating on June 18, 2021, with a $10.85 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 26 ’24 when Grande Anthony L sold 15,000 shares for $14.50 per share. The transaction valued at 217,509 led to the insider holds 186,692 shares of the business.
Churchill David K sold 30,000 shares of CXW for $427,587 on Feb 15 ’24. The Chief Human Resources now owns 244,911 shares after completing the transaction at $14.25 per share. On Nov 21 ’23, another insider, Carter, Cole G., who serves as the EVP,General Counsel, Secretary of the company, sold 39,345 shares for $13.53 each. As a result, the insider received 532,338 and left with 181,817 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CXW now has a Market Capitalization of 1.67B and an Enterprise Value of 2.76B. As of this moment, CoreCivic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.19, and their Forward P/E ratio for the next fiscal year is 18.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.88 while its Price-to-Book (P/B) ratio in mrq is 1.13. Its current Enterprise Value per Revenue stands at 1.45 whereas that against EBITDA is 9.31.
Stock Price History:
Over the past 52 weeks, CXW has reached a high of $15.38, while it has fallen to a 52-week low of $7.84. The 50-Day Moving Average of the stock is 14.38, while the 200-Day Moving Average is calculated to be 11.88.
Shares Statistics:
CXW traded an average of 1.01M shares per day over the past three months and 976.86k shares per day over the past ten days. A total of 112.73M shares are outstanding, with a floating share count of 109.32M. Insiders hold about 2.92% of the company’s shares, while institutions hold 85.58% stake in the company. Shares short for CXW as of Feb 15, 2024 were 4.09M with a Short Ratio of 4.05, compared to 4.36M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.63% and a Short% of Float of 5.21%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 9.64. The current Payout Ratio is 0.00% for CXW, which recently paid a dividend on Apr 15, 2020 with an ex-dividend date of Mar 31, 2020. Stock splits for the company last occurred on Jul 09, 2007 when the company split stock in a 2:1 ratio.
Earnings Estimates
The firm’s stock currently is rated by 4 analysts. On average, analysts expect EPS of $0.15 for the current quarter, with a high estimate of $0.19 and a low estimate of $0.12, while EPS last year was $0.11. The consensus estimate for the next quarter is $0.14, with high estimates of $0.15 and low estimates of $0.13.
Analysts are recommending an EPS of between $0.68 and $0.64 for the fiscal current year, implying an average EPS of $0.66. EPS for the following year is $0.81, with 2 analysts recommending between $0.85 and $0.78.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $485.08M to a low estimate of $472.6M. As of the current estimate, CoreCivic Inc’s year-ago sales were $471.42M, an estimated increase of 1.30% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $479.86M, an increase of 2.70% over than the figure of $1.30% in the same quarter last year. There is a high estimate of $486.49M for the next quarter, whereas the lowest estimate is $475M.
A total of 4 analysts have provided revenue estimates for CXW’s current fiscal year. The highest revenue estimate was $1.97B, while the lowest revenue estimate was $1.91B, resulting in an average revenue estimate of $1.94B. In the same quarter a year ago, actual revenue was $1.9B, up 2.50% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $2B in the next fiscal year. The high estimate is $2.07B and the low estimate is $1.94B. The average revenue growth estimate for next year is up 3.10% from the average revenue estimate for this year.
