CoreCivic, Inc. owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions. Its correctional, detention, and residential reentry facilities offer rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment. As of December 31, 2020, the company owned and operated 47 correctional and detention facilities, 27 residential reentry centers, and 15 properties for lease. The company was founded in 1983 and is based in Brentwood, Tennessee.
IPO Year:
Exchange: NYSE
Website: corecivic.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/12/2025 | Market Perform → Outperform | Noble Capital Markets | |
| 12/10/2024 | $19.00 → $30.00 | Neutral → Outperform | Wedbush |
| 6/11/2024 | $19.00 → $14.00 | Outperform → Neutral | Wedbush |
| 10/19/2023 | $16.00 | Outperform | Northland Capital |
| 4/14/2022 | $17.00 | Neutral → Outperform | Wedbush |
Noble Capital Markets upgraded CoreCivic from Market Perform to Outperform
Wedbush upgraded CoreCivic from Neutral to Outperform and set a new price target of $30.00 from $19.00 previously
Wedbush downgraded CoreCivic from Outperform to Neutral and set a new price target of $14.00 from $19.00 previously
Northland Capital initiated coverage of CoreCivic with a rating of Outperform and set a new price target of $16.00
Wedbush upgraded CoreCivic from Neutral to Outperform and set a new price target of $17.00
Wedbush initiated coverage of CoreCivic with a rating of Neutral and set a new price target of $10.85
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8-K - CoreCivic, Inc. (0001070985) (Filer)
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Higher Occupancy and Cost Management Drive Strong Financial PerformanceEstablishes 2025 Full Year Guidance BRENTWOOD, Tenn., Feb. 10, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) (CoreCivic or the Company) announced today its fourth quarter and full year 2024 financial results. Financial Highlights – Fourth Quarter 2024 Total revenue of $479.3 millionNet income of $19.3 millionDiluted earnings per share of $0.17; Adjusted Diluted EPS of $0.16Normalized FFO per diluted share of $0.39Adjusted EBITDA of $74.2 million Financial Highlights – Full Year 2024 Total revenue of $2.0 billionNet income of $68.9 millionDiluted earnings per share of $0.62; Adjusted Diluted EPS of $0.81Norm
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. To participate via telephone and join the call live, please register in advance here https://register.vevent.com/register/BIaa5339be2aca4992a0a31fc02eb098c5. Upon registration, telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number and a unique passcode.
Cost Management and Higher Occupancy Continue To Drive Positive Financial PerformanceRaises Full Year Financial Guidance BRENTWOOD, Tenn., Nov. 06, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) (CoreCivic or the Company) announced today its third quarter 2024 financial results. Financial Highlights – Third Quarter 2024 Total revenue of $491.6 million, an increase of 2%Net income of $21.1 million, an increase of 52%Adjusted net income of $22.4 million, an increase of 44%Diluted earnings per share of $0.19; Adjusted Diluted EPS of $0.20Normalized FFO per diluted share of $0.43, an increase of 23%Adjusted EBITDA of $83.3 million, an increase of 11% Damon T. Hininger, CoreCivic's P
BRENTWOOD, Tenn., Oct. 08, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) (the Company) announced today that it will release its 2024 third quarter financial results after the market closes on Wednesday, November 6, 2024. A live broadcast of CoreCivic's conference call will begin at 8:30 a.m. central time (9:30 a.m. eastern time) on Thursday, November 7, 2024. To participate via telephone and join the call live, please register in advance here https://registrations.events/direct/NTM123920992. Upon registration, telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number and a unique passcode. Participants may acces
BRENTWOOD, Tenn., July 01, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) (the Company) announced today that it will release its 2024 second quarter financial results after the market closes on Wednesday, August 7, 2024. 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, August 8, 2024. To participate via telephone and join the call live, please register in advance here https://register.vevent.com/register/BIdd7601382fc644b791a9a7cfbbe4f556. Upon registration, telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number and a unique passcode.
BRENTWOOD, Tenn., April 08, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) (the Company) announced today that it will release its 2024 first quarter financial results after the market closes on Wednesday, May 8, 2024. 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, May 9, 2024. To participate via telephone and join the call live, please register in advance here https://register.vevent.com/register/BIa41ba53918294659afa34f33febf12cc. Upon registration, telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number and a unique passcode.
Momentum Continues With Three New Management Contracts Signed During the Fourth Quarter Provides 2024 Full Year Guidance BRENTWOOD, Tenn., Feb. 07, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) (the Company) announced today its financial results for the fourth quarter and full year 2023. Damon T. Hininger, CoreCivic's President and Chief Executive Officer, commented, "CoreCivic is experiencing strong business momentum as we head into 2024. Our margins and occupancy are progressing toward pre-COVID-19 levels. Labor availability and wage inflation are normalizing. Our government partners are increasingly looking to us to help solve their growing capacity and infrastructure challen
BRENTWOOD, Tenn., Jan. 16, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) (the Company) announced today that it will release its 2023 fourth quarter financial results after the market closes on Wednesday, February 7, 2024. 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 8, 2024. To participate via telephone and join the call live, please register in advance here https://register.vevent.com/register/BI9f81fd3b3bcb458780947f04024c22e2. Upon registration, telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number and a unique passcod
BRENTWOOD, Tenn., Nov. 06, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) (the Company) announced today its financial results for the third quarter of 2023. Damon T. Hininger, CoreCivic's President and Chief Executive Officer, said, "We are pleased with our third quarter results, and are optimistic that the post-pandemic environment will continue to result in increasing opportunities to serve our government partners. Federal, state, and local government agencies are experiencing an increase in the need for the solutions that we provide." Hininger continued, "We also continue to execute on our capital allocation strategy, repaying nearly $140 million of debt net of the change in cash
BRENTWOOD, Tenn., Oct. 18, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) (the Company) announced today that it will release its 2023 third quarter financial results after the market closes on Monday, November 6, 2023. A live broadcast of CoreCivic's conference call will begin at 11:00 a.m. central time (12:00 p.m. eastern time) on Tuesday, November 7, 2023. To participate via telephone and join the call live, please register in advance here https://register.vevent.com/register/BI3e522c1e25f444ec98977db80437da4f. Upon registration, telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number and a unique passcode. P
BRENTWOOD, Tenn., March 07, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) (CoreCivic or the Company) announced today that, effective March 17, 2025, Dawn Smith, Stacey Tank, and Nina Tran will be appointed as independent members of the Company's Board of Directors (the Board), expanding the Board from eleven to fourteen directors, thirteen of whom have been determined by the Board to be independent. CoreCivic's new board members are expected to join various board committees in the future. Additionally, on March 7, 2025, Robert Dennis notified the Company of his intent not to stand for re-election as a member of the Board at the Company's 2025 Annual Meeting of Stockholders (the Annu
BRENTWOOD, Tenn., March 07, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) (the Company) announced today that, effective March 15, 2024, Catherine Hernandez-Blades and Alexander R. Fischer will be appointed as independent members of the Company's Board of Directors, expanding the board from ten to twelve directors, ten of whom have been determined by the board to be independent. The company also announced today that Donna M. Alvarado, who has served on CoreCivic's Board of Directors since 2003, will retire from the Board in accordance with the Company's retirement policy after the company's 2024 Annual Meeting of Shareholders, bringing the number of board members at that point to elev
BRENTWOOD, Tenn., Feb. 18, 2021 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that, effective March 1, 2021, Dr. Glenda Baskin Glover will be appointed as a member of the Company's Board of Directors, expanding the size of the Board from eleven to twelve directors, ten of whom are independent, and expanding the number of board seats held by women to one-third. Dr. Glover is President of Tennessee State University, Nashville's only public university, and a premier, historically black college and university (HBCU). "We’re deeply honored to have Dr. Glover join our Board of Directors and bring an extraordinary combination of expertise in business, education an
BRENTWOOD, Tenn., March 07, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) (CoreCivic or the Company) announced today that, effective March 17, 2025, Dawn Smith, Stacey Tank, and Nina Tran will be appointed as independent members of the Company's Board of Directors (the Board), expanding the Board from eleven to fourteen directors, thirteen of whom have been determined by the Board to be independent. CoreCivic's new board members are expected to join various board committees in the future. Additionally, on March 7, 2025, Robert Dennis notified the Company of his intent not to stand for re-election as a member of the Board at the Company's 2025 Annual Meeting of Stockholders (the Annu
BRENTWOOD, Tenn., March 05, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) ("CoreCivic") announced today that it has agreed under an amended intergovernmental services agreement (IGSA) between the City of Dilley, Texas, and U.S. Immigration and Customs Enforcement (ICE) to resume operations and care for up to 2,400 individuals at the South Texas Family Residential Center in Dilley, Texas (the Dilley Facility). Simultaneously, CoreCivic has entered into a new lease agreement with Target Hospitality Corporation (Target), the owner of the facility, over a period co-terminus with the ICE agreement. The Dilley Facility was purpose-built for ICE in 2014 to provide an appropriate settin
BRENTWOOD, Tenn., Feb. 27, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) ("CoreCivic") announced today that it has entered into contract modifications to add capacity for up to a total of 784 detainees from U.S. Immigration and Customs Enforcement ("ICE") at its 2,016-bed Northeast Ohio Correctional Center, its 1072-bed Nevada Southern Detention Center, and its 1,600-bed Cimarron Correctional Facility in Oklahoma. In addition, CoreCivic has obtained a contract modification to specify that ICE may use up to 252 beds at its 2,672-bed Tallahatchie County Correctional Facility in Mississippi. CoreCivic currently cares for approximately 650 residents under a contract with the U.S. Marsha
Higher Occupancy and Cost Management Drive Strong Financial PerformanceEstablishes 2025 Full Year Guidance BRENTWOOD, Tenn., Feb. 10, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) (CoreCivic or the Company) announced today its fourth quarter and full year 2024 financial results. Financial Highlights – Fourth Quarter 2024 Total revenue of $479.3 millionNet income of $19.3 millionDiluted earnings per share of $0.17; Adjusted Diluted EPS of $0.16Normalized FFO per diluted share of $0.39Adjusted EBITDA of $74.2 million Financial Highlights – Full Year 2024 Total revenue of $2.0 billionNet income of $68.9 millionDiluted earnings per share of $0.62; Adjusted Diluted EPS of $0.81Norm
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. The base term of the new management contract with the state of Montana runs through
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. To participate via telephone and join the call live, please register in advance here https://register.vevent.com/register/BIaa5339be2aca4992a0a31fc02eb098c5. Upon registration, telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number and a unique passcode.
BRENTWOOD, Tenn., Dec. 16, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) ("CoreCivic") announced today that CoreCivic's Board of Directors (the "Board") has appointed Patrick Swindle, who currently serves as CoreCivic's Executive Vice President and Chief Operating Officer, to President and Chief Operating Officer, effective January 1, 2025. Damon T. Hininger, who currently serves as CoreCivic's Chief Executive Officer and President, will continue serving as CoreCivic's Chief Executive Officer and as a member of the Board. Mr. Hininger commented, "Patrick is an exceptional leader with a wide set of skills and talents and over the years has developed an in-depth knowledge
Cost Management and Higher Occupancy Continue To Drive Positive Financial PerformanceRaises Full Year Financial Guidance BRENTWOOD, Tenn., Nov. 06, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) (CoreCivic or the Company) announced today its third quarter 2024 financial results. Financial Highlights – Third Quarter 2024 Total revenue of $491.6 million, an increase of 2%Net income of $21.1 million, an increase of 52%Adjusted net income of $22.4 million, an increase of 44%Diluted earnings per share of $0.19; Adjusted Diluted EPS of $0.20Normalized FFO per diluted share of $0.43, an increase of 23%Adjusted EBITDA of $83.3 million, an increase of 11% Damon T. Hininger, CoreCivic's P
BRENTWOOD, Tenn., Oct. 08, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) (the Company) announced today that it will release its 2024 third quarter financial results after the market closes on Wednesday, November 6, 2024. A live broadcast of CoreCivic's conference call will begin at 8:30 a.m. central time (9:30 a.m. eastern time) on Thursday, November 7, 2024. To participate via telephone and join the call live, please register in advance here https://registrations.events/direct/NTM123920992. Upon registration, telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number and a unique passcode. Participants may acces
Higher Occupancy and Cost Management Initiatives Drive PositiveQuarterly Financial Performance BRENTWOOD, Tenn., Aug. 07, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:CXW) (CoreCivic or the Company) announced today its second quarter 2024 financial results. Financial Highlights – Second Quarter 2024 Total revenue of $490.1 million CoreCivic Safety revenue of $455.4 millionCoreCivic Community revenue of $30.3 millionCoreCivic Properties revenue of $4.4 million Net income of $19.0 million; Adjusted Net Income of $21.8 millionDiluted earnings per share of $0.17; Adjusted Diluted EPS of $0.20Normalized FFO per diluted share of $0.42, an increase of 27%Adjusted EBITDA of $83.9 million, a