Corrections Corp. of America (CXW) Given News Impact Score of 0.39

Press coverage about Corrections Corp. of America (NYSE:CXW) has been trending positive on Friday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Corrections Corp. of America earned a media sentiment score of 0.39 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 50 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the stock’s share price in the immediate future.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:

A number of equities research analysts have weighed in on CXW shares. BidaskClub cut Corrections Corp. of America from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded Corrections Corp. of America from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Thursday, April 20th. Deutsche Bank AG boosted their price objective on Corrections Corp. of America from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, May 5th. ValuEngine upgraded Corrections Corp. of America from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, Canaccord Genuity restated a “buy” rating and set a $34.00 price target on shares of Corrections Corp. of America in a research note on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $30.25.

Shares of Corrections Corp. of America (CXW) traded up 2.32% on Friday, reaching $25.99. The company had a trading volume of 1,063,761 shares. Corrections Corp. of America has a 12 month low of $12.99 and a 12 month high of $35.33. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 14.46 and a beta of 0.92. The stock has a 50 day moving average price of $27.65 and a 200-day moving average price of $30.67.

Corrections Corp. of America (NYSE:CXW) last announced its earnings results on Monday, August 7th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.23. The firm had revenue of $436.39 million for the quarter, compared to the consensus estimate of $437.92 million. Corrections Corp. of America had a return on equity of 14.54% and a net margin of 11.62%. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. Analysts forecast that Corrections Corp. of America will post $1.54 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 6.46%. The ex-dividend date of this dividend is Friday, September 29th. Corrections Corp. of America’s payout ratio is currently 93.86%.

In other news, EVP Lucibeth Mayberry sold 6,236 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $30.41, for a total value of $189,636.76. Following the sale, the executive vice president now owns 51,851 shares of the company’s stock, valued at approximately $1,576,788.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Anthony L. Grande sold 23,000 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $33.86, for a total value of $778,780.00. Following the completion of the sale, the executive vice president now directly owns 39,510 shares in the company, valued at approximately $1,337,808.60. The disclosure for this sale can be found here. Insiders have sold a total of 34,236 shares of company stock worth $1,121,117 in the last ninety days. 1.30% of the stock is owned by company insiders.

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Corrections Corp. of America 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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