CSIMarket
 
Corecivic Inc   (CXW)
Other Ticker:  
 
 
Price: $14.8500 $0.27 1.852%
Day's High: $14.9 Week Perf: -0.13 %
Day's Low: $ 14.54 30 Day Perf: 5.24 %
Volume (M): 2,627 52 Wk High: $ 15.38
Volume (M$): $ 39,005 52 Wk Avg: $11.47
Open: $14.56 52 Wk Low: $7.84



 Market Capitalization (Millions $) 1,719
 Shares Outstanding (Millions) 116
 Employees -
 Revenues (TTM) (Millions $) 1,877
 Net Income (TTM) (Millions $) 66
 Cash Flow (TTM) (Millions $) -193
 Capital Exp. (TTM) (Millions $) 101

Corecivic Inc
Corecivic Inc is a private company that operates in the correctional facilities management industry. The company was founded in 1983 and is based in Nashville, Tennessee. Corecivic Inc is one of the largest private prison operators in the United States and manages over 65 correctional and detention facilities with a total capacity of approximately 90,000 beds.

The company provides a range of services to government agencies, including the Federal Bureau of Prisons, Immigration and Customs Enforcement, and state departments of corrections. The services provided by Corecivic Inc include managing and operating correctional and detention facilities, providing inmate transportation, and offering community reentry services.

Corecivic Inc operates in three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The CoreCivic Safety segment includes the company's correctional and detention facilities, as well as its transportation and prisoner production businesses. The CoreCivic Community segment offers several services, including residential reentry and workforce development programs. The CoreCivic Properties segment involves owning and managing properties that are leased to government agencies.

Critics of Corecivic Inc argue that private prisons create an incentive to increase the number of inmates, leading to a potential conflict of interest. Additionally, there have been reports of poor conditions in some of the company's facilities, and allegations of mistreatment of inmates and detainees.

Corecivic Inc has faced lawsuits and protests over its operations, particularly over the company's role in the U.S. government's policy of separating families at the border. In 2019, several major banks including JPMorgan Chase and Wells Fargo announced they would no longer finance private prison companies like Corecivic Inc.

Overall, Corecivic Inc plays a significant role in the U.S. correctional system, and its services are an integral part of the public and private prison industry. Despite controversy surrounding the company's operations, it continues to operate and expand its business in the correctional facilities management industry.


   Company Address: 5501 VIRGINIA WAY BRENTWOOD 37027 TN
   Company Phone Number: 263-3000   Stock Exchange / Ticker: NYSE CXW
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
• View Complete Report
   



Announcement

CoreCivic Upsizes and Prices $500 Million 8.25% Senior Notes Due 2029

Published Tue, Mar 5 2024 11:13 PM UTC

CoreCivic, a leading diversified government solutions company in the United States, has announced the successful upsizing and pricing of its offering of $500 million 8.25% senior notes due 2029. This significant move aims to strengthen the company's financial position and support its strategic growth plans amid the evolving market dynamics.1. Upsizing and Pricing of $500 Mil...

Shares

CoreCivic Proposes $450 Million Senior Notes Offering to Strengthen Financial Position

Published Mon, Mar 4 2024 7:12 PM UTC

CoreCivic Announces Proposed $450 Million Senior Notes Offering
BRENTWOOD, Tenn., March 04, 2024 ?? CoreCivic, Inc. (NYSE: CXW) (CoreCivic) has announced its intention to offer $450 million in senior notes due 2029, subject to market and other conditions. The notes will be senior unsecured obligations of CoreCivic and will be guaranteed on a senior unsecured basis by its...

Contract

CoreCivic Enters New Contracts, Seeking Steady Growth Amidst Enhanced Competition and Financial Hurdles

Published Thu, Nov 16 2023 9:20 PM UTC



In a recent press release, CoreCivic Inc announced its success in entering into new contracts with the state of Wyoming and Harris County, Texas, at its Tallahatchie County Correctional Facility. This development comes at a critical time for CoreCivic, as the company faces tough competition and financial challenges. In this article, we will discuss the details of t...

Corecivic Inc

CoreCivic Inc. Sees 4.199% Surge in Revenue, but Earnings per Share (EPS) Plunge in Q3 2023

CoreCivic Inc., a Real Estate Investment Trust (REIT) specializing in correctional and detention facilities, recently announced its third quarter financial results for 2023. The company reported a decline in earnings per share (EPS) despite an increase in revenue during the July to September period.
Compared to the same period last year, CoreCivic's revenue grew by 4.199%, reaching $483.71 million as opposed to $464.21 million. However, EPS took a significant plunge, dropping by 79.31% to $0.12 per share. In the corresponding interval a year earlier, the company reported an EPS of $0.58. This decline in EPS can be viewed as a setback for CoreCivic as it strives to improve its financial performance.

Corecivic Inc

Corecivic Inc's Underwhelming Revenue Growth in Q2 2023 Sparks Concerns: Is the Company Losing Ground in its Industry?



Corecivic Inc, a Real Estate Investment Trusts company, recently released its financial results for the April to June 30, 2023 time-frame. While the company showcased certain positive indicators, such as a significant increase in profit per share and income per share, its overall financial performance raises concerns. This article delves into the reasons why Corecivic Inc's shares have not been able to sustain an upward trajectory and why a bearish outlook may be warranted.
Limited Revenue Growth:
While Corecivic Inc demonstrated moderate revenue growth of 1.529% to $463.68 million compared to the same period a year ago, it pales in comparison to the average 5.24% revenue improvement achieved by its Real Estate Investment Trusts industry peers during the second quarter of 2022. Additionally, sequential revenue growth of 1.24% from $458.00 million is underwhelming and indicates a lack of momentum. This lagging performance suggests that Corecivic Inc may struggle to compete effectively within its industry.






 

Corecivic Inc's Segments
 
 
• View Complete Report




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com