U.S. markets closed

CoreCivic, Inc. (CXW)

NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
11.63-0.07 (-0.60%)
At close: 4:00PM EDT
11.63 0.00 (0.00%)
After hours: 04:46PM EDT
Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bullishpattern detected
Commodity Channel Index

Commodity Channel Index

Previous Close11.70
Open11.79
Bid11.06 x 1800
Ask11.80 x 1000
Day's Range11.19 - 11.81
52 Week Range5.76 - 12.35
Volume1,083,193
Avg. Volume2,400,174
Market Cap1.399B
Beta (5Y Monthly)1.32
PE Ratio (TTM)N/A
EPS (TTM)-0.87
Earnings DateAug 03, 2021 - Aug 09, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMar 31, 2020
1y Target Est13.82
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-10% Est. Return
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • CoreCivic Enters Into New Contract with Mahoning County, Ohio at the Northeast Ohio Correctional Center
    GlobeNewswire

    CoreCivic Enters Into New Contract with Mahoning County, Ohio at the Northeast Ohio Correctional Center

    BRENTWOOD, Tenn., May 28, 2021 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it has entered into a new three-year contract with Mahoning County, Ohio to utilize up to 990 beds at the Company's 2,016-bed Northeast Ohio Correctional Center. Mahoning County is responsible for County inmates and federal detainees, and the County expects to use the Northeast Ohio facility to address its population needs. The new contract is scheduled to commence on May 31, 2021. In addition to providing much needed capacity for Mahoning County, the Company also currently cares for approximately 800 inmates under a management contract with the State of Ohio at the Northeast Ohio Correctional Center. The Company will continue to operate the facility pursuant to both contracts. About CoreCivic CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad 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. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. Forward-Looking Statements This press release contains statements as to our beliefs and expectations of the outcome of future events that are "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. These include, but are not limited to, the risks and uncertainties associated with: (i) changes in government policy (including the United States Department of Justice, or DOJ, not renewing contracts as a result of President Biden's Executive Order on Reforming Our Incarceration System to Eliminate the Use of Privately Operated Criminal Detention Facilities) (two agencies of the DOJ, the United States Federal Bureau of Prisons and the United States Marshals Service, utilize our services), legislation and regulations that affect utilization of the private sector for corrections, detention, and residential reentry services, in general, or our business, in particular, including, but not limited to, the continued utilization of our correctional and detention facilities by the federal government, and the impact of any changes to immigration reform and sentencing laws (we do not, under longstanding policy, lobby for or against policies or legislation that would determine the basis for, or duration of, an individual’s incarceration or detention); (ii) our ability to obtain and maintain correctional, detention, and residential reentry facility management contracts because of reasons including, but not limited to, sufficient governmental appropriations, contract compliance, negative publicity and effects of inmate disturbances; (iii) changes in the privatization of the corrections and detention industry, the acceptance of our services, the timing of the opening of new facilities and the commencement of new management contracts (including the extent and pace at which new contracts are utilized), as well as our ability to utilize available beds; (iv) general economic and market conditions, including, but not limited to, the impact governmental budgets can have on our contract renewals and renegotiations, per diem rates, and occupancy; (v) fluctuations in our operating results because of, among other things, changes in occupancy levels, competition, contract renegotiations or terminations, increases in costs of operations, fluctuations in interest rates and risks of operations; (vi) the duration of the federal government’s denial of entry at the United States southern border to asylum-seekers and anyone crossing the southern border without proper documentation or authority in an effort to contain the spread of COVID-19; (vii) government and staff responses to staff or residents testing positive for COVID-19 within public and private correctional, detention and reentry facilities, including the facilities we operate; (viii) restrictions associated with COVID-19 that disrupt the criminal justice system, along with government policies on prosecutions and newly ordered legal restrictions that affect the number of people placed in correctional, detention, and reentry facilities; (ix) whether revoking our REIT election, effective January 1, 2021, and our revised capital allocation strategy can be implemented in a cost effective manner that provides the expected benefits, including facilitating our planned debt reduction initiative and planned return of capital to shareholders; (x) our ability to identify and consummate the sale of additional non-core assets at attractive prices; (xi) our ability to successfully identify and consummate future development and acquisition opportunities and our ability to successfully integrate the operations of our completed acquisitions and realize projected returns resulting therefrom; (xii) increases in costs to develop or expand real estate properties that exceed original estimates, or the inability to complete such projects on schedule as a result of various factors, many of which are beyond our control, such as the effects of, and delays caused by, COVID-19, weather, the availability of labor and materials, labor conditions, delays in obtaining legal approvals, unforeseen engineering, archeological or environmental problems, and cost inflation, resulting in increased construction costs; (xiii) our ability to identify and initiate service opportunities that were unavailable under our former REIT structure; (xiv) our ability to have met and maintained qualification for taxation as a REIT for the years we elected REIT status; and (xv) the availability of debt and equity financing on terms that are favorable to us, or at all, including financing we are pursuing on behalf of the state of Alabama for the construction of two correctional facilities. Other factors that could cause operating and financial results to differ are described in the filings we make from time to time with the Securities and Exchange Commission. CoreCivic takes no responsibility for updating the information contained in this press release following the date hereof to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events or for any changes or modifications made to this press release or the information contained herein by any third-parties, including, but not limited to, any wire or internet services. Contact: Investors: Cameron Hopewell - Managing Director, Investor Relations - (615) 263-3024Media: Steve Owen – Vice President, Communications - (615) 263-3107

  • CXW: Recent Debt Issuance & Asset Sales Used For Deleveraging Measures
    Zacks Small Cap Research

    CXW: Recent Debt Issuance & Asset Sales Used For Deleveraging Measures

    By M. Marin NYSE:CXW READ THE FULL CXW RESEARCH REPORT COVID-19 Impact Persists CoreCivic’s (NYSE:CXW) 1Q21 results reflect the impact of lower occupancy rates as a result of the COVID-19 pandemic and recent asset divestitures. Revenue of $454.7 million was down 7.4% year-over-year, reflecting ongoing government measures to curb the spread of COVID-19 among prison and re-entry populations, as

  • CoreCivic's Third Annual ESG Report Shows Steadfast Commitment to Reducing Recidivism, Focus on Keeping People Safe and Front Line Resiliency Amid Pandemic
    GlobeNewswire

    CoreCivic's Third Annual ESG Report Shows Steadfast Commitment to Reducing Recidivism, Focus on Keeping People Safe and Front Line Resiliency Amid Pandemic

    BRENTWOOD, Tenn., May 12, 2021 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) today released its 2020 Environmental, Social and Governance (ESG) Report detailing its steadfast response to the challenges of the COVID-19 pandemic. This is the third annual report issued by the Company since 2019. The report illustrates how the company worked to keep people safe while finding innovative ways to carry out life changing programming that equips individuals to succeed after incarceration. It shows the resiliency of front line professionals who worked tirelessly to protect human life while adapting to safe alternatives to in-person reentry programming. It also highlights the Company's progress in protecting the environment and promoting excellence in its corporate governance. “Like any enterprise worth its salt, we change to get better,” said Damon Hininger, president and chief executive officer. “We believe in constantly striving to be a better company and to find ways to make the most difference for the people we care for and our country as a whole. I could not be more proud of our team of prepared, energetic and always-eager-to-improve reentry professionals who introduced safe and socially-distanced alternative programming while conforming to evidence-based best practices.” The 40-page document’s release marks two years since the Company broke ground with the industry’s first ESG report. Previous reports documented substantial progress toward CoreCivic’s first-ever industry initiative to set and achieve five-year reentry goals, an effort that was completed in 2019. The 2020 report defines the Company’s continued commitment to evidence-based practices for reentry, informing future goals and enabling individualized interventions based on a person’s specific needs and their risk of future involvement in the justice system. While CoreCivic was forced to temporarily suspend some in-person reentry services in 2020 due to COVID-19, limiting its ability to deliver programming at the level it normally would, the Company laid the groundwork for a new, more illuminating approach to reentry. The new approach will continue to set goals for program delivery, which will be disclosed in future reports. However, it will also measure and track performance tied to effective outcomes for individuals in the reentry process, rather than using program completion rates alone. The report also outlines the Company’s pandemic response, illustrating how CoreCivic’s long-standing infectious disease management plans were adapted to the unique needs of the COVID-19 pandemic. The Company’s Emergency Operations Center (EOC) was activated early in the pandemic and continues to operate 24/7 with state-of-the-art software to track and monitor developments in real time. A special Coronavirus Response Committee (CRC) was also assembled, including the Company’s chief medical officer, to manage response efforts and ensure alignment with Centers for Disease Control and Prevention (CDC) guidance. The Company also continually evaluated and adapted supply chains to ensure adequate supply of personal protective equipment (PPE) companywide. “While any loss of human life carries incalculable costs that millions of families around the world have felt during this crisis, I am grateful for the collective efforts of our facility leaders and staff who worked tirelessly to protect lives over the past year,” Hininger said. “From nurses and correctional officers to supply chain analysts, we put the right people in the right places, and their efforts were nothing short of heroic.” The report cites findings by the U.S. Department of Justice’s Office of Inspector General (OIG) that contractor-operated U.S. Marshals Service facilities like those operated by CoreCivic were safer, more accountable and more responsive in mitigating risk from COVID-19 than publicly operated facilities. Other topics covered in the report include: Development of 2021 human rights goals, which include implementation of a new human rights policy, facility-level risk assessments and delivery of training to more than 95% of employeesWork to accelerate diversity, equity and inclusion (DEI) efforts, including the establishment of a DEI Council and Board-level DEI Committee, conscious inclusion training for leaders, and a comprehensive culture survey to gauge areas for improvementEnvironmental sustainability practices and goals, including smart water controls, LED retrofit projects and green design and operations techniques to reduce the Company’s carbon footprintCommunity support efforts, through which CoreCivic contributed more than $2.7 million to organizations working with formerly incarcerated people, victims of crime, underserved youth and those impacted by the pandemicPolicy advocacy for state and federal legislation that removes barriers to reentry for justice-involved individuals and reduces recidivism. The Company successfully advocated for, among other measures, restoring Pell Grants, voting rights and expungement opportunities for formerly incarcerated peopleAdvocating for the Federal Communications Commission (FCC) to have states cap intrastate Inmate Telephone Services rates to better enable families to stay in contact with incarcerated loved ones About CoreCivic CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad 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. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. Contact:Investors: Cameron Hopewell - Managing Director, Investor Relations - (615) 263-3024Media: Steve Owen – Vice President, Communications - (615) 263-3107