$500M Accelerated Buyback Lifts CoreCivic EPS Guidance Above $15.60
CXW has more than doubled off its 52-week low of $15.735.
Summary
CoreCivic executed a $500 million accelerated share repurchase, receiving ~12.4 million shares upfront. The buyback uses cash on hand and leaves ~$255.8 million remaining under the expanded authorization approved August 4. Updated full-year guidance reflects the ASR: diluted EPS jumps to $15.62–$15.82 from $15.00–$15.20, while adjusted diluted EPS edges up to $1.64–$1.73. The move follows a $1.47 billion facility sale to DHS in July and a new ICE contract in early August, underscoring aggressive capital return. The final settlement, based on volume-weighted average price, could deliver additional shares by mid-2027.
At the time of this announcement, CXW was trading at $33.25 on NYSE in the Trade & Services sector, with a market capitalization of approximately $3.2B. The 52-week trading range was $15.74 to $34.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.