CoreCivic: Analysts Fear Is Unwarranted (Rating Upgrade)
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. (CXW) Q4 2024 Earnings Call Transcript
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.
CoreCivic's New Contracts On Focus, Analyst Sees Revenue Opportunities In 2026
JonesResearch analyst Jason Weaver reiterated the Buy rating and price forecast of $28 for CoreCivic, Inc. CXW following fourth-quarter results reported yesterday.
CoreCivic: The Picture Has Changed, But The Rating Hasn't
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: An Undervalued Opportunity In The Private Prison Sector
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.
Trump's plan for mass deportation could have a big effect on prices
Some experts say there is really nothing the government can do about high food prices.
Trump's 'Very Tough' Mass Deportation Vow Fuels Prison Stock Rally
Trump's immigration crackdown could raise need for ICE detention beds and renew a lost contract. CoreCivic offers early entry.
An Options Trader's Guide to Election Day Fallout
Subscribers to Chart of the Week received this commentary on Sunday, October 27.
Private prison stocks jump on Trump appointment of immigration hardliner Tom Homan
Private prison stocks Geo Group and CoreCivic rose Monday after President-elect Donald Trump chose Tom Homan as his "border czar." Homan told a conservative conference in July that he "will run the biggest deportation force this country has ever seen" when Trump returns to office.
Why These Two Prison Stocks Soared Around 80% This Week
CoreCivic and Geo Group, which also run migrant detention centers, are having one of the best weeks since Trump's win in November 2016. The post Why These Two Prison Stocks Soared Around 80% This Week appeared first on Investor's Business Daily.
Trump win drives up prison stocks
CNBC's Eamon Javers joins 'The Exchange' to report on prison stocks moving higher since Trump's victory, in part based on his deportation plan.
CoreCivic, Inc. (CXW) Q3 2024 Earnings Call Transcript
CoreCivic, Inc. (NYSE:CXW ) Q3 2024 Earnings Conference Call November 7, 2024 9:30 AM ET Company Participants Mike Grant - Managing Director of Investor Relations Damon Hininger - President and Chief Executive Officer David Garfinkle - Chief Financial Officer Conference Call Participants Jason Weaver - JonesTrading M. Marin - Zacks Investment Research, Inc. Brian Violino - Wedbush Securities Joe Gomes - Noble Capital Markets Greg Gibas - Northland Securities Kirk Ludtke - Imperial Capital, LLC Ben Briggs - StoneX Financial Operator Thank you for standing by.
