Corecivic (NYSE:CXW) updated its FY19 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $2.58-2.62 for the period. Corecivic also updated its FY 2019 guidance to $2.58-2.62 EPS.
Several research analysts recently weighed in on the company. Zacks Investment Research cut Corecivic from a buy rating to a hold rating in a research note on Wednesday, July 17th. TheStreet lowered Corecivic from a b- rating to a c+ rating in a research report on Wednesday, July 17th. Finally, ValuEngine lowered Corecivic from a sell rating to a strong sell rating in a research report on Tuesday, July 2nd.
Shares of CXW traded up $0.64 during midday trading on Tuesday, reaching $17.44. 1,492,139 shares of the stock were exchanged, compared to its average volume of 736,403. Corecivic has a 12-month low of $15.56 and a 12-month high of $26.09. The business has a 50 day simple moving average of $19.04. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $2.01 billion, a P/E ratio of 7.55 and a beta of 1.07.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Monday, July 1st were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 10.09%. The ex-dividend date was Friday, June 28th. Corecivic’s dividend payout ratio is presently 76.19%.
CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through corrections and detention management, a growing network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.
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