CXW Stock Recent News

CoreCivic, Inc. (NYSE:CXW ) Q2 2023 Earnings Conference Call August 8, 2023 11:00 AM ET Company Participants Cameron Hopewell – Managing Director-Investor Relations Damon Hininger – President and Chief Executive Officer David Garfinkle – Chief Financial Officer Brian Hammonds – Vice President-Finance Conference Call Participants Joe Gomes – NOBLE Capital Kirk Ludtke – Imperial Capital Brian Violino – Wedbush M. Marin – Zacks Edwin Groshans – Compass Point Research & Trading, LLC Operator Good morning.

NAPCO Security Technologies Inc ( NSSC , Financial), a leading provider of security products, has been making waves in the Business Services industry. As of August 7, 2023, the company's stock price stands at $36.67, reflecting a gain of 3.34% today and a 9.08% increase over the past four weeks.

CoreCivic, Inc., which offers corrections and detention management services, has seen a significant decline in its shares over the past five years, attributed to political interference and declining margins. The company's dependence on government contracts exposes it to risks such as policy changes, as seen with President Biden's executive order not renewing contracts with privately operated criminal detention facilities. It has implemented measures to improve shareholder returns, including debt servicing and share repurchases. The company has reduced debt by over $1.1 billion and repurchased 9.1 million shares.

We've all heard the adage, “Sell in May and Go Away,” but should investors in contemporary times target stocks to sell in the fifth month of the year? According to Corporate Finance Institute, under the original context, the British upper class would sell their securities in May so that they can relax and enjoy the summer months in peace.

Prison stocks are the talk of Wall Street today following the expiration of the highly controversial Title 42 program. Indeed, companies like CoreCivic (NYSE: CXW ) and GEO Group (NYSE: GEO ) are in the green today in anticipation of the lifting of the former President Donald Trump-era border policy.

CoreCivic, Inc. (NYSE:CXW ) Q1 2023 Earnings Conference Call May 4, 2023 11:00 AM ET Company Participants Cameron Hopewell - Managing Director, Investor Relations Damon Hininger - President and Chief Executive Officer David Garfinkle - Chief Financial Officer Conference Call Participants Joe Gomes - NOBLE Capital Jay McCanless - Wedbush Kirk Ludtke - Imperial Capital M. Marin - Zacks Jordan Sherman - Ranger Global Real Estate Advisors Ben Briggs - StoneX Financial Operator Good day and thank you for standing by.

CoreCivic's latest earnings report shows that the company's financials are beginning to stabilize. Management has done a good job reducing debt and shoring up the company's balance sheet.

CoreCivic, Inc. is a $1.3-billion market cap top-notch company in the government real estate and corrections fields, providing management of prisons, jails, and immigration detention centers. The catalyst in the form of the termination of Title 42 combined with the depressed valuation multiples, provides a comfortable margin of safety for medium-term investors.

CoreCivic, Inc. (NYSE:CXW ) Q4 2022 Results Conference Call February 9, 2023 11:00 AM ET Company Participants Cameron Hopewell - Managing Director, Investor Relations Damon Hininger - President and Chief Executive Officer David Garfinkle - Chief Financial Officer Brian Hammonds - Vice President, Finance Conference Call Participants Joe Gomes - NOBLE Capital Markets M. Marin - Zacks Jay McCanless - Wedbush Ben Briggs - StoneX Financial Operator Good morning.

BRENTWOOD, Tenn., Jan. 24, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2022 fourth quarter financial results after the market closes on Wednesday, February 8, 2023. A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, February 9, 2023.