Corecivic (CXW) Receiving Somewhat Favorable News Coverage, Accern Reports

Headlines about Corecivic (NYSE:CXW) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press 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 positive one, with scores closest to one being the most favorable. Corecivic earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.4322155584144 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

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

Several research firms have recently commented on CXW. Zacks Investment Research cut Corecivic from a “buy” rating to a “hold” rating in a research note on Wednesday. SunTrust Banks reiterated a “buy” rating and set a $37.00 target price on shares of Corecivic in a research note on Monday, October 2nd. Finally, ValuEngine cut Corecivic from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Corecivic currently has an average rating of “Hold” and a consensus price target of $33.50.

Corecivic (NYSE:CXW) opened at $22.32 on Friday. Corecivic has a one year low of $21.41 and a one year high of $35.33. The stock has a market capitalization of $2,640.00, a price-to-earnings ratio of 13.37, a P/E/G ratio of 1.68 and a beta of 0.89. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.10 and a current ratio of 1.10.

Corecivic (NYSE:CXW) last announced its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. Corecivic had a return on equity of 13.54% and a net margin of 11.03%. The firm had revenue of $442.80 million for the quarter, compared to analysts’ expectations of $437.18 million. During the same period last year, the business posted $0.69 earnings per share. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. analysts predict that Corecivic will post 2.34 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 7.53%. The ex-dividend date is Friday, December 29th. Corecivic’s dividend payout ratio (DPR) is presently 100.60%.

In related news, CFO David Garfinkle sold 10,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $26.01, for a total transaction of $260,100.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

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About Corecivic

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 Corecivic (NYSE:CXW)

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