Corrections Corporation of America (NYSE:CXW) moved up 2.12% and closed its last trading session at $13.99. This Finance Sector stock currently has the Market Capitalization of 1.64 Billion. The Average Volume for the stock is measured as 3.73 Million. The Stock has a 52-Week High of $35.05 and 52-Week Low of $13.04 following the dates, it touched its 52-Week High on Jun 29, 2016 and 52-Week Low on Aug 18, 2016. Currently, the Return on Assets value for the trailing twelve months is 6.2% with the Return on Equity and Return on Investment of 13.9% and 9.3% respectively. This firm currently has YTD (year to date) performance of -43.37 Percent which is not good. The Short Ratio for the stock is 3.05.
Corrections Corporation of America (NYSE:CXW) Price to Earnings (P/E) ratio is 8.11. EPS or Earning per Share stands at $1.72. The TTM operating margin is 15 percent.
Corrections Corporation of America (NYSE:CXW) is due to report its Earnings on Wed 2 Nov (In 10 Days). The estimated EPS for the current quarter is said to be $0.67. Following Earnings result, share price were DOWN 14 times out of last 27 Qtrs. The stock has reduced about -53.1% since it reported its last earnings. The Closing price of Corrections Corporation of America (NYSE:CXW) at Last Earnings was $29.86 as compared to the previous closing price of $13.7. The Predicted Move on the 7th day after Corrections Corporation of America (NYSE:CXW) will release its earnings at about 4%.
By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Corrections Corporation of America (NYSE:CXW) beats earnings by 75%, The Stock Missed Earnings 2 times and has met earnings 1 times.
We will discuss the past Quarters Earnings below:
Corrections Corporation of America (NYSE:CXW) reported its previous quarter on 08/03/2016 where it reported the Actual Earnings of $0.69. The Closing price before the company posted its earnings was $29.86. The Stock declined on the very next day of earnings and maintained its stock price at $28.02 by showing a % change of -6.16 percent from its previous closing price. The Next Day Volume after Earnings was reported as 2.91 Million. On the 7th day After Earnings Report, the stock hit its share price as $26.52 by showing -11.19% decrease from the Stock price Before Earnings were reported.
On 05/04/2016, the stock reported the EPS of $0.6 where Analysts were projecting the EPS to be $0.58 showing a difference of $0.02. Thus Surprise Factor was there with 3.4 percent. Before Earnings Announcement on 05/04/2016, the firm had its stock price of $29.89. And immediately on the next day after earnings announcement, the stock inclined 5.89% and closed its trading session at $31.65. On 7th Day after earnings release, Corrections Corporation of America (NYSE:CXW) surged to 5.39% from $29.89 to $31.5.
On 02/10/2016, Analysts were suspecting EPS of $0.59/share where Corrections Corporation of America (NYSE:CXW) reported its Actual EPS of $0.63. Thus showing a Surprise of 6.8 percent. The Closing Price of the stock before earnings was $26.56 while on the Next day the stock closed its trading session at $25.69 with a percentage change of -3.28% from the price of 26.56 before Earnings. The Stock Closing Price on the 7th day of earnings was $27.5.
Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. It owns, operates, and manages prisons and other correctional facilities; and provides inmate residential and prisoner transportation services for governmental agencies. The company also offers various rehabilitation and educational programs, including basic education, religious services, life skills and employment training, and substance abuse treatment, as well as food services, work and recreational programs, and healthcare services, such as medical, dental, and mental health services. In addition, it leases its facilities to third-party operators. The company serves federal, state, and local correctional and detention authorities. As of December 31, 2012, the company owned and managed 47 correctional and detention facilities; and managed 20 correctional and detention facilities, which it did not own. Corrections Corporation of America was founded in 1983 and is based in Nashville, Tennessee.