Corecivic (NYSE:CXW) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.51-0.53 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.51. Corecivic also updated its FY18 guidance to $2.23-2.31 EPS.
Several brokerages have weighed in on CXW. Zacks Investment Research downgraded shares of Corecivic from a hold rating to a sell rating in a report on Tuesday. ValuEngine downgraded shares of Corecivic from a buy rating to a hold rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Corecivic presently has an average rating of Hold and an average target price of $33.25.
Corecivic (NYSE:CXW) traded up $0.40 during mid-day trading on Wednesday, hitting $21.66. 1,974,715 shares of the stock traded hands, compared to its average volume of 1,071,952. Corecivic has a 1 year low of $19.59 and a 1 year high of $35.33. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $2,540.00, a P/E ratio of 12.97, a PEG ratio of 1.50 and a beta of 0.85.
The business also recently announced a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 7.76%. The ex-dividend date of this dividend was Friday, December 29th. Corecivic’s dividend payout ratio (DPR) is presently 100.60%.
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Corecivic Company Profile
CoreCivic, Inc, formerly Corrections Corporation of America, is a diversified government solutions company. The Company provides partnership correctional, detention and residential reentry facilities and operates prison in the United States. The Company’s business offerings include CoreCivic Safety, CoreCivic Properties, and CoreCivic Community.
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