CRN stock performance?

Cornell Companies Inc. (CRN) news stock charts

Cornell Companies Inc. (CRN) Investment Summary:

Cornell Companies, Inc. provides correctional, detention, educational, rehabilitation, and treatment services for adults and juveniles in federal, state, county, and local government agencies in the United States. It operates in three divisions: Adult Secure Services, Abraxas Youth and Family Services, and Adult Community-Based Services. The Adult Secure Services division offers security incarceration and detention services; confinement of juveniles adjudicated as adults; facility design, construction, and operation; education courses; healthcare services, including medical, dental, vision, psychiatric, and individual and group counseling services; substance abuse counseling; life skills training; religious opportunities and culturally sensitive programs; food and laundry services; and recreational activities, including exercise programs. The Abraxas Youth and Family Services division provides residential, detention, shelter care, and community-based services, as well as educational, rehabilitation, and treatment programs to juveniles between the ages of 10 and 18. The Adult Community-Based Services division offers community-based correction services, including temporary housing, employment assistance, anger management instruction, personal finance management training, academic opportunities, vocational training, and substance abuse or addiction counseling to parolees and probationers. It also provides community-based treatment services, such as short-term and long-term residential care, counseling, HIV/AIDS testing, counseling and prevention education, substance abuse and addiction testing, detoxification, and methadone maintenance. The company was founded in 1991 and is headquartered in Houston, Texas with an additional office located in Pittsburgh, Pennsylvania.
www.cornellcompanies.com
4,106 Employees
Founded in 1991

CORNELL COMPANIES INC (CRN:NYSE)

LAST $19.09 USD
CHANGE TODAY -2.61 -12.03%
VOLUME 1.5M
As of 8:04 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of CORNELL COMPANIES INC (CRN)

OPEN
$21.83
PREVIOUS CLOSE
$21.70
DAY HIGH
$21.88
DAY LOW
$18.13
52 WEEK HIGH
01/14/10 - $25.13
52 WEEK LOW
07/14/09 - $15.50
MARKET CAP
285.8M
AVERAGE VOLUME 10 D
237.6K
EPS TTM
$1.65
SHARES OUTSTANDING
15.0M
CRN Does Not Pay Dividends
P/E TTM
11.6x
K = Thousands  M = Millions  B = Billions

Key developments for CORNELL COMPANIES INC (CRN)

Cornell Companies Inc. expected to Report Q1 2010 Results on May 7, 2010. This event was calculated by Capital IQ (Created on February 25, 2010).

Cornell Companies Inc. expected to Report Q1 2010 Results on May 7, 2010. This event was calculated by Capital IQ (Created on February 25, 2010).

Cornell Companies Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2009; Provides Earnings Guidance for the First Quarter and Full Year of 2010

Cornell Companies Inc. reported earnings results for the fourth quarter and full year ended December 31, 2009. Revenues grew 2.5% to $104.1 million for the fourth quarter of 2009 from $101.5 million in the 2008 period. Much of the increase came from the activation of Hudson during the fourth quarter of 2009, as well as higher populations at several facilities including the Regional Correctional Center (RCC) and the Reid Community Residential Facility. Average contract occupancy levels were 89.8% for residential facilities compared with 90.2% in last year's fourth quarter. Excluding start-up in the 2009 fourth quarter, average contract occupancy level was 90.7%. Income from operations of $15.7 million for the fourth quarter of 2009 decreased from $18.8 million in the fourth quarter of 2008. Results in the fourth quarter of 2009 included $2.9 million of pre-opening and start-up expenses (net of revenues) related to the opening and ramp of Hudson. The 2008 period included a net claim settlement received of $1.5 million as well as a gain on the settlement of a life insurance policy pertaining to the Company's founder of approximately $0.7 million. In the fourth quarter of 2009 the Company also reported income available to stockholders of $5.4 million, or $0.36 per diluted share, compared with income available to stockholders of $7.4 million, or $0.50 per diluted share, in the prior year's fourth quarter. The company reported income before provision for income taxes and non-controlling interest of $9.462 million compared to $12.412 million for the same period a year ago. For the twelve months ended December 31, 2009, revenues grew 6.6% to $412.4 million from $386.7 million for the twelve months ended December 31, 2008. The increase was principally related to the facility expansions at the Great Plains Correctional Facility (Great Plains) and the Walnut Grove Youth Correctional Facility in the third quarter of 2008, the activation of Hudson facility in the fourth quarter of 2009 and occupancy growth at those programs mentioned earlier. In addition, the 2008 period included approximately $1.5 million resulting from the guaranteed population contract at the RCC for the contract period ended March 2008. Higher revenues increased income from operations to $69.7 million for the 2009 twelve month period compared with $62.2 million in the prior year's twelve month period. Net income in 2009 was $26.6 million compared with net income of $22.6 million in 2008. For the twelve months ended December 31, 2009, the Company reported an increase in income available to stockholders of 11.0% to $24.6 million, or $1.64 per diluted share, from income available to stockholders of $22.2 million, or $1.49 per diluted share, in last year's twelve month period. The company reported income before provision for income taxes and non-controlling interest of $44.528 million compared to $38.239 million for the same period a year ago. Because of the previously mentioned repositioning of its D.Ray James facility to the BOP contract, management expects lower earnings in 2010 than in 2009. Specifically, for the full year 2010, management anticipates earnings per share to range from $1.31 to $1.41 per share. For the first quarter of 2010, management expects earnings of $0.18 to $0.22 per share.

Cornell Companies Inc. Announces Change of Bylaws

Cornell Companies Inc. announced that Section 3.6 (Lead Director) was added to incorporate into the Amended Bylaws the Companys existing policy of having the independent directors elect from among them a lead, independent director to, among other things, preside at Board executive sessions, when the Chairman of the Board is not an independent director (as determined in accordance with the rules of the NYSE). Section 4.11 (Removal) was revised (now Section 4.2 (Election; Removal)) to provide that if the officer subject to removal is also a director, such officer will not be counted for purposes of determining whether (i) a quorum of the board is present at the meeting to determine such removal or (ii) the affirmative vote of a majority of the Board has been obtained. Article 6 (Indemnification) was revised to provide the maximum indemnification permitted under the DGCL. Article 7 (Notices) was revised to (i) consolidate all notice provisions in Article 7, (ii) provide that notice to a stockholder or a director may be given by electronic mail where the stockholder or director, as the case may be, has consented to the receipt of notice by electronic mail, (iii) clarify when notice pursuant to alternative methods will be deemed given, (iv) provide that a waiver of notice may be given by electronic transmission, and (v) provide that attendance of a person at a meeting either in person or by proxy will constitute a waiver of notice of such meeting, except when the person attends the meeting solely to object to the transaction of business because the meeting is not lawfully called.

Cornell Companies Inc. financial resources

otc, otcbb, pinksheet, CRN, ob Cornell Companies Inc.

CRN Competitors

Company Last Change
Corrections Corp of America $19.83 USD -0.55
Geo Group Inc/The $19.29 USD -0.48
Providence Service Corp/The $14.09 USD -0.27
Market data is delayed at least 15 minutes.
 

Industry Analysis

Valuation CRN Industry Range
Price/Earnings 11.6x
Price/Sales 0.7x
Price/Book 1.1x
Price/Cash Flow 6.6x
TEV/Sales NM Not Meaningful

CRN

 | 

CRN transactions

Type
Date
Target
No transactions in the last 6 months.

More Recent Financial News About Cornell Companies Inc.

Cornell Companies Reports Fourth-Quarter Earnings Above Guidance

Quote:
Read article

Cornell Cos 4Q profit falls on higher costs

Quote:
Read article

Analyst downgrades Cornell on Ariz. inmates loss

Quote:
Read article

CORNELL COMPANIES INC Files SEC form 8-K, Change in Directors or Principal Officers

Quote: CORNELL COMPANIES INCRequest a Trial to NEW EDGAR Online Pro Form 8-K for CORNELL COMPANIES INC 5-Mar-2010Change in Directors or Principal OfficersPrivacy PolicyAbout Our AdsTerms of ServiceCopyright/IP PolicySend FeedbackSEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors...
Read article

Cornell Companies, Inc. Earnings Call scheduled for 11:00 am ET today

Quote: Call DetailsCornell Companies, Inc. Earnings Conference Call (Q4 2009)Thu, Feb 25, 2010, 11:00 am EasternAbout Cornell Companies, Inc.CRN)Cornell Companies, Inc. provides correctional, detention, educational, rehabilitation, and treatment services for adults and juveniles in federal, state, county, and local government agencies in the United States. It operates in three divisions: Adult Secure Services, Abraxas Youth and Family Services, and Adult Community-Based Services. The Adult Secure Servi...
Read article

CORNELL COMPANIES INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits

Quote: Item 7.01Regulation FD Disclosure. Senior management of Cornell Companies, Inc. (the "Company") will review the attached presentation (the "Investor Presentation") at various investor presentations.A copy of the Investor Presentation will be posted on the Company's website, www.cornellcompanies.com, under "Investor Relations".The Investor Presentation is divided into the following major components: (i) Cornell Overview, (ii) Industry Highlights, (iii) Cornell Grow...
Read article

Analyst downgrades Cornell on Ariz. inmates loss

Quote:
Read article

Cornell Cos. gets $205M Georgia prison contract

Quote:
Read article

Cornell Companies to Release Fourth Quarter and Full-Year 2009 Financial Results on Wednesday, February 24, 2010

Quote: The replay will be available through Thursday, March 4, 2010 by phone and through Thursday, February 24, 2011 on the website.About Cornell Companieshttp://www.cornellcompanies.com) is a leading private provider of corrections, treatment and educational services outsourced by federal, state and local governmental agencies. Cornell provides a diversified portfolio of services for adults and juveniles, including incarceration and detention, transition from incarceration, drug and alcohol treatment ...
Read article

Cornell Cos 4Q profit falls on higher costs

Quote:
Read article

CORNELL COMPANIES INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh

Quote:
Read article

Cornell Companies Reports Fourth-Quarter Earnings Above Guidance

Quote:
Read article

Cornell Companies to Release Fourth Quarter and Full-Year 2009 Financial Results on Wednesday, February 24, 2010

Quote: The replay will be available through Thursday, March 4, 2010 by phone and through Thursday, February 24, 2011 on the website.About Cornell Companieshttp://www.cornellcompanies.com) is a leading private provider of corrections, treatment and educational services outsourced by federal, state and local governmental agencies. Cornell provides a diversified portfolio of services for adults and juveniles, including incarceration and detention, transition from incarceration, drug and alcohol treatme...
Read article

Cornell Companies to Release Fourth Quarter and Full-Year 2009 Financial Results on Wednesday, February 24, 2010

Quote: The replay will be available through Thursday, March 4, 2010 by phone and through Thursday, February 24, 2011 on the website.About Cornell Companieshttp://www.cornellcompanies.com) is a leading private provider of corrections, treatment and educational services outsourced by federal, state and local governmental agencies. Cornell provides a diversified portfolio of services for adults and juveniles, including incarceration and detention, transition from incarceration, drug and alcohol treatme...
Read article

UPDATE - Corrections Corp Q4 profit beats Street, sees weak Q1

Keywords: Corporate Results,Commercial services and supplies (industry group),Industrial machinery,Machinery,Real estate (industry),United States of America,Corporate Results Forecasts,Mergers and Acquisitions (including Changes of Ownership),Business activities,Co
Quote: Corrections, which competes with GEO Group Inc (GEO.N) and Cornell Companies Inc (CRN.N), sees first-quarter earnings of 28 cents to 30 cents a share, while analysts were expecting 33 cents a share. "State budgets continue to be of concern as states struggle to balance their needs with their revenue, the impact of which is difficult to predict," Chief Executive Damon Hininger said in a statement. Last month, Corrections said it would idle its 752-bed Huerfano County Correctional Center after Ari...
Read article

Cornell Cos. gets $205M Georgia prison contract

Quote:
Read article

Cornell Cos. gets $205M Georgia prison contract

Quote:
Read article

Cornell Companies Announces Contract Award With Federal Bureau of Prisons

Quote:
Read article

Cornell Companies Announces Contract Award With Federal Bureau of Prisons

Quote:
Read article

UPDATE - Cornell gets $205 mln contract from prisons bureau

Keywords: Commercial services and supplies (industry group),Industrial machinery,Machinery,United States of America,Corporate Results Forecasts,Business activities,Corporate Results,Company News item,Economic news, EC, business/financial pages,
Quote:
Read article

Would you like to leave a comment about Cornell Companies Inc. CRN

Besides Cornell Companies Inc.'s Stock there is more great penny stock and market information at Realpennies