Corrections Corp. of America (CXW) Receives News Sentiment Rating of 0.25
News stories about Corrections Corp. of America (NYSE:CXW) have trended positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Corrections Corp. of America earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 47.5859153211177 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- CoreCivic, Inc. (NYSE:CXW) Stock Closed -8.1% Below Its 50 Day Average – Modern Readers (modernreaders.com)
- Corrections Corp. of America Declares Quarterly Dividend of $0.42 (CXW) (americanbankingnews.com)
- SunTrust Banks Comments on Corrections Corp. of America’s Q4 2017 Earnings (CXW) (americanbankingnews.com)
- Q3 2017 EPS Estimates for Corrections Corp. of America (NYSE:CXW) Decreased by Analyst (americanbankingnews.com)
- CoreCivic, Inc. (NYSE:CXW) Files An 8-K Results of Operations and Financial Condition (4-traders.com)
Shares of Corrections Corp. of America (NYSE CXW) traded up 2.32% on Friday, reaching $25.99. The company had a trading volume of 1,063,761 shares. The stock has a 50-day moving average price of $27.58 and a 200-day moving average price of $30.65. Corrections Corp. of America has a 12 month low of $12.99 and a 12 month high of $35.33. The stock has a market cap of $3.07 billion, a PE ratio of 14.46 and a beta of 0.92.
Corrections Corp. of America (NYSE:CXW) last issued its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.23. The firm had revenue of $436.39 million during the quarter, compared to analyst estimates of $437.92 million. Corrections Corp. of America had a return on equity of 14.54% and a net margin of 11.62%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. Analysts predict that Corrections Corp. of America will post $1.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date is Friday, September 29th. Corrections Corp. of America’s dividend payout ratio is currently 93.86%.
CXW has been the subject of several recent research reports. Canaccord Genuity set a $36.00 price objective on Corrections Corp. of America and gave the stock a “buy” rating in a research report on Friday, May 19th. BidaskClub cut Corrections Corp. of America from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut Corrections Corp. of America from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Deutsche Bank AG upped their price objective on Corrections Corp. of America from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Finally, ValuEngine raised Corrections Corp. of America from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Corrections Corp. of America currently has a consensus rating of “Hold” and a consensus price target of $30.25.
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In other Corrections Corp. of America news, EVP Lucibeth Mayberry sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $30.54, for a total transaction of $152,700.00. Following the completion of the sale, the executive vice president now directly owns 45,615 shares of the company’s stock, valued at approximately $1,393,082.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anthony L. Grande sold 23,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $33.86, for a total value of $778,780.00. Following the sale, the executive vice president now directly owns 39,510 shares of the company’s stock, valued at $1,337,808.60. The disclosure for this sale can be found here. Insiders have sold a total of 34,236 shares of company stock valued at $1,121,117 over the last three months. Corporate insiders own 1.30% of the company’s stock.
About Corrections Corp. of America
CoreCivic, Inc, formerly Corrections Corporation of America, is a diversified government solutions company. The Company provides partnership correctional, detention and residential reentry facilities and operates prison in the United States. The Company’s business offerings include CoreCivic Safety, CoreCivic Properties, and CoreCivic Community.
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