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Last $29.38 USD
Change Today -0.79 / -2.62%
Volume 1.3M
CXW On Other Exchanges
Symbol
Exchange
New York
As of 4:15 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

corrections corp of america (CXW) Snapshot

Open
$29.90
Previous Close
$30.17
Day High
$30.08
Day Low
$29.32
52 Week High
03/23/15 - $42.31
52 Week Low
08/24/15 - $28.00
Market Cap
3.4B
Average Volume 10 Days
969.1K
EPS TTM
$2.02
Shares Outstanding
117.1M
EX-Date
09/30/15
P/E TM
14.5x
Dividend
$2.16
Dividend Yield
7.15%
Current Stock Chart for CORRECTIONS CORP OF AMERICA (CXW)

corrections corp of america (CXW) Related Businessweek News

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corrections corp of america (CXW) Details

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.

14,040 Employees
Last Reported Date: 02/25/15
Founded in 1983

corrections corp of america (CXW) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $811.2K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $323.0K
Chief Development Officer and Executive Vice ...
Total Annual Compensation: $377.4K
Chief Corrections Officer and Executive Vice ...
Total Annual Compensation: $377.4K
Executive Vice President, General Counsel and...
Total Annual Compensation: $308.2K
Compensation as of Fiscal Year 2014.

corrections corp of america (CXW) Key Developments

Corrections Corporation of America Announces Appointments to Risk Committee

on August 14, 2015, the Board of Directors of Corrections Corporation of America revised its Board committee structure by establishing a new committee, the Risk Committee, and to reflect the new structure, changed the Audit and Risk Committee to the Audit Committee. The Risk Committee will assist the Board in coordinating the Board's oversight of the company's risk assessment and risk management practices and the company's legal, regulatory and contract compliance. The initial members of the Risk Committee will be Thurgood Marshall, Jr. (Chair), Donna Alvarado, Anne Mariucci and Charles Overby.

Corrections Corporation of America Declares Quarterly Dividend, Payable on October 15, 2015

Corrections Corporation of America announced that its board of directors declared a quarterly dividend of $0.54 per share to be paid on October 15, 2015 to shareholders of record as of the close of business on October 2, 2015.

Corrections Corporation of America Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter Ending September 30, 2015 and for the Full Year Ending December 31, 2015

Corrections Corporation of America announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced total revenue of $459,295,000 compared to $410,694,000 for the same period a year ago. Operating income was $79,753,000 compared to $65,535,000 for the same period a year ago. Income before income taxes was $67,956,000 compared to $57,784,000 for the same period a year ago. Net income was $65,303,000 compared to $55,732,000 for the same period a year ago. Diluted earnings per share were $0.55 compared to $0.48 for the same period a year ago. Adjusted net income was $65,303,000 compared to $57,967,000 for the same period a year ago. Adjusted diluted earnings per share were $0.55 compared to $0.49 for the same period a year ago. Funds from operations were $87,478,000 compared to $79,398,000 for the same period a year ago. Normalized funds from operations were $87,478,000 compared to $79,398,000 for the same period a year ago. Adjusted funds from operations were $85,972,000 compared to $79,569,000 for the same period a year ago. Normalized funds from operations per diluted share were $0.74 compared to $0.68 for the same period a year ago. Adjusted funds from operations per diluted share were $0.73 compared to $0.68 for the same period a year ago. Net operating income was $141,260,000 compared to $123,084,000 for the same period a year ago. For the six months, the company announced total revenue of $885,295,000 compared to $814,916,000 for the same period a year ago. Operating income was $148,579,000 compared to $128,601,000 for the same period a year ago. Income before income taxes was $126,618,000 compared to $110,889,000 for the same period a year ago. Net income was $122,580,000 compared to $107,470,000 for the same period a year ago. Diluted earnings per share were $1.04 compared to $0.92 for the same period a year ago. Adjusted net income was $123,535,000 compared to $109,705,000 for the same period a year ago. Adjusted diluted earnings per share were $1.05 compared to $0.94 for the same period a year ago. Funds from operations were $166,027,000 compared to $152,213,000 for the same period a year ago. Normalized funds from operations were $166,982,000 compared to $152,213,000 for the same period a year ago. Adjusted funds from operations were $165,796,000 compared to $147,704,000 for the same period a year ago. Normalized funds from operations per diluted share were $1.42 compared to $1.30 for the same period a year ago. Adjusted funds from operations per diluted share were $1.41 compared to $1.26 for the same period a year ago. Net operating income was $266,598,000 compared to $239,926,000 for the same period a year ago. The company provided earnings guidance for the third quarter ending September 30, 2015 and for the full year ending December 31, 2015. For the quarter, the company expected to report net income between $50,300,000 and $52,300,000, adjusted net income between $51,000,000 and $53,000,000, depreciation on real estate assets of $22,000,000, normalized funds from operations between $73,000,000 and $75,000,000, maintenance capital expenditures on real estate assets of $7,5000,000, adjusted funds from operations between $70,500,000 and $72,500,000, adjusted EPS per diluted share between $0.43 and $0.45, normalized FFO per diluted share between $0.62 and $0.64, AFFO per diluted share between $0.60 and $0.61, interest expense, net of $13,000, depreciation and amortization between $43,000,000 and $44,000,000, income tax expense of $3,000,000, EBITDA between $110,000,000 and $113,000,000, adjusted EBITDA between $96,000,000 and $99,000,000. For the full year, the company expected to report net income between $223,345,000 and $230,345,000, adjusted net income between $225,000,000 and $232,000,000, depreciation on real estate assets between $87,000,000 and $88,000,000, normalized funds from operations between $312,000,000 and $320,000,000, maintenance capital expenditures on real estate assets of $25,000,000 and $26,000,000, adjusted funds from operations between $306,000,000 and $313,000,000, adjusted EPS per diluted share between $1.91 and $1.97, normalized FFO per diluted share between $2.64 and $2.71, AFFO per diluted share between $2.59 and $2.65, interest expense, net of $48,000,000 and $50,000,000, depreciation and amortization between $154,000,000 and $156,000,000, income tax expense between $11,000,000 and $13,000,000, EBITDA between $438,000,000 and $451,000,000, adjusted EBITDA between $400,300,000 and $413,300,000. During 2015, the company expects to invest approximately $193.0 million to $208.0 million in capital expenditures.

 

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CXW

Industry Average

Valuation CXW Industry Range
Price/Earnings 16.9x
Price/Sales 2.1x
Price/Book 2.4x
Price/Cash Flow 10.6x
TEV/Sales 1.3x
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