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Corrections Corp of America (CXW)

CXW on New York Consolidated

14.87USD
27 Sep 2016
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Latest Key Developments (Source: Significant Developments)

CCA provides update on customer interactions in response to DoJ
Monday, 29 Aug 2016 08:00am EDT 

Corrections Corp Of America : CCA provides update on customer interactions in response to DoJ announcement . Says "we also expect other government partners to further study their utilization of private prison sector" .Says "we welcome additional interactions and assessments of our services".  Full Article

Fitch places Corrections Corp.'s 'BB+' IDR on rating watch negative
Monday, 22 Aug 2016 11:05am EDT 

: Fitch places Corrections Corp.'s 'BB+' IDR on rating watch negative .Fitch On Corrections Corp - Believes there are few attractive capital sources available to company to de-lever.  Full Article

Corrections Corp Of America CEO Damon Hininger reports purchase of 2,870 shares at $16.60/share
Friday, 19 Aug 2016 05:49pm EDT 

Corrections Corp Of America :CEO Damon Hininger reports purchase of 2,870 shares of co's common stock on Aug 18 at $16.60/share - SEC filing.  Full Article

Moody's downgrades Corrections Corporation of America's senior unsecured bond rating to Ba1
Friday, 19 Aug 2016 09:53am EDT 

Moody's - : Moody's downgrades Corrections Corporation of America's senior unsecured bond rating to Ba1; outlook revised to negative .Moody's on Corrections Corporation of America - Upward rating movement will be unlikely in medium term; will require clarity on effect of DOJ announcement.  Full Article

CCA responds to U.S. decision to phase out federal use of private prisons
Friday, 19 Aug 2016 06:00am EDT 

Corrections Corp Of America : Responds To BOP Decision To Amend Car 16 Solicitation By Reducing Previously Announced 10,800 Contract Beds To 3,600 Contract Beds . CCA Responds To The Department Of Justice's Decision To Reduce Reliance On Privately Operated Prisons And Announces Investor And Analyst Conference Call . CCA's Eden Detention Center, Containing 1,422 Beds, Is Included In Car 16 Solicitation . At This Time Contracts At Three Facilities CCA Operates On Behalf Of BOP Remain Unchanged . Contracts At Three Facilities CCA Operates On Behalf Of BOP Represent About $131.2 Million In Annual Revenues . BOP Will Determine Whether To Extend These Contracts At End Of Respective Contract Terms . Will Continue To Provide Service To Government Partners Pursuant To Over 100 Contracts .Disappointed With BOP's Decision To Reduce Its Utilization Of Privately Operated Facilities To Meet Their Capacity Needs.  Full Article

CCA reports Q2 adjusted FFO per share $0.69
Wednesday, 3 Aug 2016 04:15pm EDT 

Corrections Corp Of America : Q2 adjusted FFO per share $0.69 . Q2 revenue rose 0.9 percent to $463.3 million . CCA reports second quarter 2016 financial results . Q2 FFO per share $0.69 . Sees Q3 diluted EPS $0.46 to $0.48 . Corrections Corp of America sees FY FFO per diluted share $2.62 to $2.67 . Sees Q3 FFO per diluted share $0.66 to $0.68 . Sees Q3 normalized ffo per diluted share $0.67 to $0.68 . FY2016 FFO per share view $2.63 -- Thomson Reuters I/B/E/S . Sees Q3 adjusted diluted eps $0.47 to $0.48 . Corrections Corp of America sees Q3 normalized FFO per diluted share $0.67 to $0.68 . Corrections Corp of America sees FY normalized FFO per diluted share $2.64 to $2.68 . During 2016 expect to invest approximately $99.0 million to $109.0 million in capital expenditures . During 2016, expect to invest approximately $99.0 million to $109.0 million in capital expenditures .Q3 FFO per share view $0.67 -- Thomson Reuters I/B/E/S.  Full Article

CCA announces acquisition of residential reentry facility in California
Tuesday, 14 Jun 2016 08:00am EDT 

Corrections Corp Of America : Deal for approximately $7.7 million, excluding transaction related expenses .Cca announces acquisition of residential reentry facility in Long Beach, California.  Full Article

Corrections Corporation of America Declares Quarterly Cash Dividend of $0.54 Per Share
Thursday, 10 Dec 2015 04:15pm EST 

Corrections Corporation of America:Declared a quarterly dividend of $0.54 per share to be paid on January 15, 2016 to shareholders of record as of the close of business on January 4, 2016.  Full Article

Corrections Corporation of America announces acquisition of Avalon Correctional Services Inc
Thursday, 29 Oct 2015 08:00am EDT 

Corrections Corporation of America:Cca announces acquisition of avalon correctional services, inc.Says deal valued at $157.5 million.Says completed transactions were funded utilizing cash from the company's revolving credit facility.On annual basis, acquisition expected to increase cca's total revenues by approximately $35.0 to $40.0 million.On annual basis,acquisition is expected to contribute approximately $0.06 to $0.08 in FFO per share.Excluding items, cca expects deal's per share impact to be neutral for 2015 due to certain transitional expenses.  Full Article

Corrections Corporation of America secures three-year contract renewal with California
Tuesday, 13 Oct 2015 08:01am EDT 

Corrections Corporation of America:Says renewed its contract with the California Department of Corrections and Rehabilitation (CDCR) through June 30, 2019.Contract renewal provides for up to 6,562 beds to be made available to CDCR during the renewal term at any of CCA's facilities.Contract includes renewal options to extend beyond the three-year term upon mutual agreement by both parties.Remaining terms and conditions of the new contract are substantially unchanged from the existing contract, which was scheduled to expire June 30, 2016.  Full Article

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