Corrections Corp Of America (NYSE:CXW) updated its FY14 earnings guidance on Wednesday. The company provided EPS guidance of $1.84-1.92 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.88, Stock Ratings Network.com reports. Corrections Corp Of America also updated its Q2 guidance to $0.45-0.47 EPS.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Corrections Corp Of America from a sell rating to a hold rating in a research note on Friday, February 28th. They now have a $34.10 price target on the stock. On a related note, analysts at Barclays cut their price target on shares of Corrections Corp Of America from $39.00 to $37.00 in a research note on Friday, February 14th. They now have an overweight rating on the stock. Finally, analysts at CRT Capital upgraded shares of Corrections Corp Of America from a fair value rating to a buy rating in a research note on Friday, February 14th. They now have a $36.00 price target on the stock, up previously from $35.00. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $28.82.
Shares of Corrections Corp Of America (NYSE:CXW) traded up 1.55% during mid-day trading on Wednesday, hitting $33.50. 669,560 shares of the company’s stock traded hands. Corrections Corp Of America has a 52 week low of $30.37 and a 52 week high of $39.90. The stock has a 50-day moving average of $32.22 and a 200-day moving average of $33.46. The company has a market cap of $3.884 billion and a price-to-earnings ratio of 12.24.
Corrections Corp Of America (NYSE:CXW) last released its earnings data on Wednesday, May 7th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.01. The company had revenue of $404.22 million for the quarter, compared to the consensus estimate of $412.89 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was down 3.0% on a year-over-year basis. On average, analysts predict that Corrections Corp Of America will post $1.88 earnings per share for the current fiscal year.
Corrections Corporation of America (NYSE:CXW) is a real estate investment trust.
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