CXW Stock Recent News

CoreCivic experienced significant volatility due to unwarranted Analysts fear and sector concerns, presenting a buying opportunity. Despite recent weak guidance for 2025, CoreCivic's management expressed optimism about future growth, particularly with ICE and the US Marshals Service. Q4 2024 results showed a decline in net income due to contract termination, but overall fiscal performance remained strong with $2 billion in revenue.

CoreCivic, Inc. (NYSE:CXW ) Q4 2024 Earnings Call Transcript February 11, 2025 11:00 AM ET Company Participants Mike Grant - Managing Director of Investor Relations Damon Hininger - Chief Executive Officer and Director David Garfinkle - Executive Vice President and Chief Financial Officer Patrick Swindle - President and Chief Operating Officer Conference Call Participants Joe Gomes - Noble Capital Markets Greg Gibas - Northland Securities M. Marin - Zacks Investment Research, Inc. Kirk Ludtke - Imperial Capital, LLC Jay McCanless - Wedbush Securities Ben Briggs - StoneX Financial Operator Thank you for standing by.

JonesResearch analyst Jason Weaver reiterated the Buy rating and price forecast of $28 for CoreCivic, Inc. CXW following fourth-quarter results reported yesterday.

Higher Occupancy and Cost Management Drive Strong Financial Performance Establishes 2025 Full Year Guidance

CoreCivic's stock surged 60.7% due to a favorable political climate, despite earlier setbacks from contract losses under the previous administration. The company's revenue and profitability have improved, driven by higher occupancy rates and lower variable expenses, making it near the low end of fair value. With significant contracts from ICE and USMS, CoreCivic stands to benefit from increased government investments in detention facilities under the current administration.

CoreCivic's share price lags behind GEO Group, but it has a stronger balance sheet, stable cash flows, and an attractive valuation. CoreCivic has reduced its debt significantly, allowing for share buybacks, which can support the share price and offer growth potential. GEO Group benefited from a short squeeze, driving up its share price, but CoreCivic offers a better valuation with a P/B ratio of 1.5x versus 3.3x.

BRENTWOOD, Tenn., Jan. 16, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic") announced today it has been awarded a new management contract with the state of Montana to care for additional inmates outside the state of Montana, with 240 inmates anticipated to arrive at our 2,672-bed Tallahatchie County Correctional Facility in Tutwiler, Mississippi during the first quarter of 2025. During January 2025, CoreCivic also received an additional 120 Montana inmates at the Company's 1,896-bed Saguaro Correctional Facility in Eloy, Arizona, under an existing contract with the state of Montana.

BRENTWOOD, Tenn., Jan. 13, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2024 fourth quarter financial results after the market closes on Monday, February 10, 2025. A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Tuesday, February 11, 2025.

Some experts say there is really nothing the government can do about high food prices.

Agoura Hills, CA, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Over the past seventeen years, inmates at the South Central Correctional Facility (SCCF) in Clifton, Tennessee, have restored over 25,000 donated wheelchairs through a prison work program. The used wheelchairs they fix are sent to high-need areas around the world through the Joni and Friends Wheels for the World™ program, which distributes mobility devices and Bibles to the world's most vulnerable citizens.