Corecivic (NYSE:CXW) Releases Q1 2020 After-Hours Earnings Guidance

Corecivic (NYSE:CXW) issued an update on its first quarter 2020
After-Hours earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.49-0.53 for the period. Corecivic also updated its FY guidance to $2.26-2.36 EPS.

NYSE:CXW traded down $0.05 during mid-day trading on Friday, reaching $16.85. The stock had a trading volume of 729,759 shares, compared to its average volume of 1,052,071. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 10.66 and a beta of 1.11. Corecivic has a twelve month low of $14.68 and a twelve month high of $24.38. The business has a 50 day simple moving average of $16.44 and a 200 day simple moving average of $16.44.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, January 6th were given a $0.44 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 10.45%. Corecivic’s payout ratio is currently 76.19%.

About Corecivic

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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