Corrections Corp. of America (CXW) Receiving Somewhat Favorable Media Coverage, Study Finds

Headlines about Corrections Corp. of America (NYSE:CXW) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Corrections Corp. of America earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.242470876737 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:

A number of research firms have issued reports on CXW. ValuEngine upgraded shares of Corrections Corp. of America from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Zacks Investment Research cut shares of Corrections Corp. of America from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $34.25.

Corrections Corp. of America (NYSE CXW) traded down $0.16 during mid-day trading on Tuesday, hitting $23.05. 732,846 shares of the company’s stock were exchanged, compared to its average volume of 1,038,460. Corrections Corp. of America has a 12-month low of $21.32 and a 12-month high of $35.33. The stock has a market capitalization of $2,740.00, a PE ratio of 9.32, a price-to-earnings-growth ratio of 1.66 and a beta of 0.91. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.10 and a quick ratio of 1.10.

Corrections Corp. of America (NYSE:CXW) last released its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Corrections Corp. of America had a net margin of 11.03% and a return on equity of 13.54%. The firm had revenue of $442.80 million for the quarter, compared to analysts’ expectations of $437.18 million. During the same quarter in the previous year, the company earned $0.69 earnings per share. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. research analysts expect that Corrections Corp. of America will post 2.33 EPS for the current fiscal year.

In related news, Director Thurgood Marshall, Jr. sold 2,360 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $25.90, for a total transaction of $61,124.00. Following the transaction, the director now owns 31,083 shares in the company, valued at $805,049.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David Garfinkle sold 10,000 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $26.01, for a total transaction of $260,100.00. The disclosure for this sale can be found here. Insiders have sold 22,360 shares of company stock worth $580,224 in the last quarter. 1.30% of the stock is owned by corporate insiders.

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About Corrections Corp. of America

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.

Insider Buying and Selling by Quarter for Corrections Corp. of America (NYSE:CXW)

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