Somewhat Positive Press Coverage Somewhat Unlikely to Affect CoreCivic (CXW) Stock Price

News headlines about CoreCivic (NYSE:CXW) have trended somewhat positive on Monday, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CoreCivic earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.6932791298939 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the news articles that may have impacted Accern’s scoring:

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Several equities analysts have recently weighed in on CXW shares. Zacks Investment Research raised CoreCivic from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, January 9th. ValuEngine downgraded CoreCivic from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Deutsche Bank cut their target price on CoreCivic from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $32.75.

CXW opened at $19.95 on Monday. CoreCivic has a 52-week low of $18.61 and a 52-week high of $35.10. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $2,374.72, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 1.50 and a beta of 0.92.

CoreCivic (NYSE:CXW) last posted its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.15). CoreCivic had a net margin of 10.08% and a return on equity of 12.61%. The business had revenue of $440.58 million for the quarter, compared to analysts’ expectations of $429.88 million. research analysts forecast that CoreCivic will post 2.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued a dividend of $0.43 per share. The ex-dividend date is Thursday, March 29th. This represents a $1.72 dividend on an annualized basis and a yield of 8.62%. This is a boost from CoreCivic’s previous quarterly dividend of $0.42. CoreCivic’s payout ratio is presently 74.14%.

In other CoreCivic news, Director Mark A. Emkes acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was bought at an average price of $21.17 per share, for a total transaction of $105,850.00. Following the acquisition, the director now directly owns 56,488 shares in the company, valued at $1,195,850.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by insiders.

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CoreCivic Company Profile

The Company is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through corrections and detention management, government real estate solutions, and a growing network of residential reentry centers to help address America's recidivism crisis.

Insider Buying and Selling by Quarter for CoreCivic (NYSE:CXW)

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