One winner under Trump: The private prison industry [MSN Money]
CoreCivic, Inc. (CXW)
Last corecivic, inc. earnings: 2/12 04:15 pm
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Source: MSN Money
The U.S. prison population has been falling for several years, reaching its lowest imprisonment rate since 1997, amid a sharp decline in violent crime. But that isn't ending the good times for the private-prison industry. Quotes in the article That might seem counterintuitive, but analysts point to President Donald Trump's initiatives as providing an unexpected boon for these businesses. Although Mr. Trump's 2019 budget would maintain the federal Bureau of Prison's annual spending at $7.1 billion, some analysts expect spending to shift to private prison companies. At the same time, the budget calls for $2.5 billion to hold as many as 47,000 illegal immigrants within detention centers, another major revenue source for prison operators. It's a remarkable turnaround for an industry that less than two years ago was on track to be phased out from use by the federal government, which at the time cited declining prison populations and reforms for its de
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CXW
News
- CXW: 1Q24 Beat Highlights Operating Leverage, Improving Occupancies [Yahoo! Finance]Yahoo! Finance
- CoreCivic First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- CoreCivic, Inc. (NYSE: CXW) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $19.00 price target on the stock.MarketBeat
- CoreCivic Reports First Quarter 2024 Financial ResultsGlobeNewswire
- CoreCivic, Inc. (NYSE: CXW) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
CXW
Earnings
- 5/8/24 - Miss
CXW
Sec Filings
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 8-K
- 3/28/24 - Form ARS
- CXW's page on the SEC website