Home Dividends High Dividend Yield Stock Analysis: CoreCivic (NYSE: CXW)

Stock Analysis: CoreCivic (NYSE: CXW)


CoreCivic is part of the real estate sector and is in the REITs industry. CoreCivic Inc is a real estate investment trust that offers site, design, build, finance, own, maintain and lease core real estate assets to government partners. The company is involved in the ownership and operation of private prisons.

Previous Intraday Trading Performance:

The CXW stock showed a previous change of 0.56% with an open at 21.56 and a close of 21.64. It reached an intraday high of 21.64 and a low of 21.28.

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The stock has a market cap of $2.6b with 119.1m shares outstanding, of which the float is 115.2m shares. Trading volume reached 408,677 shares compared to its average volume of 440,717 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, CoreCivic shares returned -0.32% and in the past 30 trading days it returned 5.56%. Over three months, it changed 5.05%. In one year it has changed 8.63% and within that year its 52-week high was 26.09 and its 52-week low was 17.16. CXW stock is 26.11% above its 52 Week Low.

Our calculations show a 200 day moving average of 20.92 and a 50 day moving average of 20.85. Currently CXW stock is trading 3.43% above its 200 day moving average and may be a good opportunity to buy.

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The last annual fiscal EPS for the company was reported at 1.34 that ended on 31st of December 2018, which according to the previous close, that is a PE of 16.15. Based on 2 analyst estimates, the consensus EPS for the next quarter is 0.58. The TTM EPS is 2.31, which comes to a TTM PE of 9.37. Historically, the PE high was 25.50 and the PE low was 6.90. If the stock reached its PE low, that would represent a price of 15.94, which is a decrease of -26.36%.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/08/2019): 0.41
4thQtr of 2018 (Reported on 02/19/2019): 0.35
3rdQtr of 2018 (Reported on 11/05/2018): 0.34
2ndQtr of 2018 (Reported on 08/08/2018): 0.33
1stQtr of 2018 (Reported on 05/02/2018): 0.32

The dividend per share is currently 1.76, which is a dividend yield of 8.13%.

Base on our calculations, the intrinsic value per share is 46.00, which means it is possibly undervalued and has a margin of safety of 52.95%.

Indicators to Watch:

Short-interest was 906,793, which was 0.76% of shares outstanding. The short-interest ratio or days-to-cover ratio was 1.27. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.15.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 12.70%, return on assets is 5.14%, profit margin is 9.17%, price-to-sales is 1.36 and price-to-book is 1.85.

Company Scores:

All scores are out of six:
 4  :Valuation Score
 2  :Past Performance Score
 2  :Financial Strength Score
 1  :Future Growth Score
 3  :Dividend Score
 2  :Overall Score

Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.