CoreCivic: Political Uncertainty Leads To Ratings Downgrade [Seeking Alpha]
CoreCivic, Inc. (CXW)
Last corecivic, inc. earnings: 2/12 04:15 pm
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US:NYSE Investor Relations:
ir.corecivic.com/investor-relations
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Source: Seeking Alpha
CoreCivic's shares are downgraded to a hold due to political uncertainties and the upcoming election's potential impact on contracts and earnings. Despite political headwinds, CoreCivic grew revenue by $70M and net income by $1M in H1 2024. The Dilley contract termination significantly impacts earnings, and further ICE contract cancellations could impair future profitability. Elevated interest in leasing idle facilities could boost shares, but current political risks warrant a cautious hold rating. FG Trade/E+ via Getty Images Introduction CoreCivic ( NYSE: CXW ), the owner of correctional facilities, has experienced recent share price volatility. The company's shares rallied by around 50% in the fifteen months after I wrote a bullish thesis last year . Unfortunately, the company announced termination of the company's contract with ICE over its Dilley Detention Facility, and that sent shares on a wild ride of volatility. While prospects for CoreCivic's idle assets may loo
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News
- Is There An Opportunity With CoreCivic, Inc.'s (NYSE:CXW) 41% Undervaluation? [Yahoo! Finance]Yahoo! Finance
- CoreCivic, Inc. (NYSE: CXW) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $14.00 price target on the stock.MarketBeat
- Trump stock trades fade after fiery presidential debate [Yahoo! Finance Canada]Yahoo! Finance Canada
- Is The Market Rewarding CoreCivic, Inc. (NYSE:CXW) With A Negative Sentiment As A Result Of Its Mixed Fundamentals? [Yahoo! Finance]Yahoo! Finance
- Justice Dept. Investigating Tennessee Prison Over Reports of Abuse [The New York Times]The New York Times
CXW
Earnings
- 8/7/24 - Beat
CXW
Sec Filings
- 9/27/24 - Form 144
- 9/5/24 - Form 4
- 8/30/24 - Form 144
- CXW's page on the SEC website