Wall Street brokerages forecast that Cubic Co. (NYSE:CUB) will announce earnings per share (EPS) of $1.02 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Cubic’s earnings, with the lowest EPS estimate coming in at $0.98 and the highest estimate coming in at $1.08. Cubic reported earnings of $0.49 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 108.2%. The business is scheduled to report its next quarterly earnings results on Monday, November 19th.
On average, analysts expect that Cubic will report full-year earnings of $0.52 per share for the current fiscal year, with EPS estimates ranging from $0.47 to $0.57. For the next fiscal year, analysts anticipate that the business will post earnings of $2.50 per share, with EPS estimates ranging from $2.33 to $2.75. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Cubic.
Cubic (NYSE:CUB) last posted its quarterly earnings data on Wednesday, August 8th. The scientific and technical instruments company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.08). The business had revenue of $296.21 million for the quarter, compared to the consensus estimate of $280.33 million. Cubic had a net margin of 0.57% and a return on equity of 1.54%. Cubic’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted ($2.89) EPS.
Several equities research analysts recently issued reports on CUB shares. Zacks Investment Research lowered Cubic from a “hold” rating to a “strong sell” rating in a research note on Monday, August 13th. ValuEngine raised Cubic from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 8th. Canaccord Genuity lifted their price objective on Cubic from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, August 9th. Drexel Hamilton reissued a “buy” rating and set a $85.00 price objective on shares of Cubic in a research note on Thursday, August 30th. Finally, JPMorgan Chase & Co. lifted their price objective on Cubic from $66.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, June 15th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $73.17.
In other Cubic news, insider David H. Buss sold 2,917 shares of Cubic stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $74.00, for a total transaction of $215,858.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David F. Melcher purchased 1,000 shares of the company’s stock in a transaction on Friday, September 14th. The shares were purchased at an average cost of $74.50 per share, with a total value of $74,500.00. Following the purchase, the director now owns 2,000 shares of the company’s stock, valued at $149,000. The disclosure for this purchase can be found here. Insiders own 7.90% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Cubic during the second quarter worth about $340,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Cubic by 35.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 71,073 shares of the scientific and technical instruments company’s stock worth $4,563,000 after purchasing an additional 18,426 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in Cubic by 16.5% during the second quarter. Artisan Partners Limited Partnership now owns 342,216 shares of the scientific and technical instruments company’s stock worth $21,970,000 after purchasing an additional 48,417 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Cubic by 3.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 219,026 shares of the scientific and technical instruments company’s stock worth $14,062,000 after purchasing an additional 8,121 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in Cubic by 2.1% during the first quarter. Prudential Financial Inc. now owns 42,496 shares of the scientific and technical instruments company’s stock worth $2,703,000 after purchasing an additional 870 shares during the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.
NYSE:CUB traded up $0.70 during trading hours on Friday, hitting $67.68. 222,793 shares of the company’s stock traded hands, compared to its average volume of 164,185. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of -165.07 and a beta of 1.04. Cubic has a 52 week low of $51.35 and a 52 week high of $77.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.76 and a current ratio of 2.22.
Cubic Company Profile
Cubic Corporation provides various integrated solutions worldwide. Its solutions enhance the situational understanding for transportation, defense, and training customers, as well as for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) customers. The company operates through four segments: Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD Systems), Cubic Mission Solutions (CMS), and Cubic Global Defense Services (CGD Services).
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