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Last $29.00 USD
Change Today -0.26 / -0.89%
Volume 670.4K
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

corrections corp of america (CXW) Snapshot

Open
$28.93
Previous Close
$29.26
Day High
$29.17
Day Low
$28.75
52 Week High
03/23/15 - $42.31
52 Week Low
08/24/15 - $28.00
Market Cap
3.4B
Average Volume 10 Days
1.0M
EPS TTM
$2.02
Shares Outstanding
117.1M
EX-Date
09/30/15
P/E TM
14.3x
Dividend
$2.16
Dividend Yield
7.24%
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
Compensation as of Fiscal Year 2014.

corrections corp of america (CXW) Key Developments

Steve Groom to Retire from Corrections Corporation of America as Executive Vice President and General Counsel

On August 31, 2015, Steve Groom informed Corrections Corporation of America of his intention to retire from his position as Executive Vice President and General Counsel. The company has started developing plans for filling Mr. Groom's position upon his departure and Mr. Groom will remain available to the company as a resource during a transition period.

Corrections Corporation of America Closes Acquisition of Four Community Corrections Facilities

Corrections Corporation of America (CCA) announced that it has closed on the acquisition of four community corrections facilities from a privately held owner of community corrections facilities and other government leased assets, for approximately $13.5 million, excluding transaction related expenses. The all-cash transaction closed August 27, 2015, and CCA did not assume any debt as part of the transaction. The four acquired community corrections facilities have a capacity of approximately 600 beds and are leased to Community Education Centers Inc. under triple net lease agreements that extend through July 2019 and include multiple five-year lease extension options. CEC separately contracts with the Pennsylvania Department of Corrections and the Philadelphia Prison System to provide rehabilitative and re-entry services to residents and inmates at the leased facilities.

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.

 

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CXW:US $29.00 USD -0.26

CXW Competitors

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Company Last Change
G4S PLC 242.20 GBp -6.30
Serco Group PLC 105.50 GBp -5.80
GEO Group Inc/The $29.13 USD -0.33
View Industry Companies
 

Industry Analysis

CXW

Industry Average

Valuation CXW Industry Range
Price/Earnings 16.4x
Price/Sales 2.0x
Price/Book 2.3x
Price/Cash Flow 10.3x
TEV/Sales 1.3x
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