Analysts Anticipate Cubic Co. (CUB) to Announce $0.06 Earnings Per Share

Wall Street brokerages expect Cubic Co. (NYSE:CUB) to post earnings per share (EPS) of $0.06 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Cubic’s earnings. The lowest EPS estimate is ($0.13) and the highest is $0.25. Cubic reported earnings per share of ($0.11) in the same quarter last year, which would suggest a positive year-over-year growth rate of 154.5%. The firm is expected to issue its next earnings report on Thursday, February 8th.

On average, analysts expect that Cubic will report full-year earnings of $1.64 per share for the current financial year, with EPS estimates ranging from $1.43 to $1.85. For the next year, analysts forecast that the company will post earnings of $2.84 per share, with EPS estimates ranging from $2.74 to $2.93. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Cubic.

Cubic (NYSE:CUB) last issued its earnings results on Monday, November 20th. The scientific and technical instruments company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.35. Cubic had a negative return on equity of 1.66% and a negative net margin of 0.75%. The firm had revenue of $445.60 million for the quarter, compared to analysts’ expectations of $436.76 million. During the same quarter last year, the business earned ($0.28) earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year.

A number of equities analysts have issued reports on CUB shares. Canaccord Genuity restated a “buy” rating and set a $55.00 target price (up previously from $50.00) on shares of Cubic in a report on Monday, September 25th. Needham & Company LLC restated a “buy” rating and set a $56.00 target price (up previously from $48.00) on shares of Cubic in a report on Thursday, September 28th. Zacks Investment Research cut Cubic from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 4th. Credit Suisse Group restated an “outperform” rating and set a $58.00 target price (up previously from $49.00) on shares of Cubic in a report on Wednesday, October 11th. Finally, TheStreet upgraded Cubic from a “c” rating to a “b-” rating in a report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $61.00.

Several large investors have recently added to or reduced their stakes in CUB. Schwab Charles Investment Management Inc. lifted its holdings in shares of Cubic by 3.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 183,490 shares of the scientific and technical instruments company’s stock valued at $8,496,000 after purchasing an additional 6,592 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Cubic by 8.6% during the 2nd quarter. Legal & General Group Plc now owns 48,158 shares of the scientific and technical instruments company’s stock valued at $2,230,000 after purchasing an additional 3,831 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Cubic by 13.2% during the 2nd quarter. Swiss National Bank now owns 42,900 shares of the scientific and technical instruments company’s stock valued at $1,986,000 after purchasing an additional 5,000 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Cubic by 20.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,091 shares of the scientific and technical instruments company’s stock valued at $560,000 after purchasing an additional 2,064 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Cubic by 7.8% during the 2nd quarter. Alliancebernstein L.P. now owns 31,614 shares of the scientific and technical instruments company’s stock valued at $1,464,000 after purchasing an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 90.55% of the company’s stock.

Shares of Cubic (NYSE:CUB) traded up $0.70 on Friday, reaching $60.65. The company’s stock had a trading volume of 172,245 shares, compared to its average volume of 77,034. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.42 and a current ratio of 1.65. Cubic has a 12-month low of $39.58 and a 12-month high of $64.95. The company has a market capitalization of $1,650.17, a PE ratio of -147.93 and a beta of 1.10.

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Cubic Company Profile

Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).

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