Equities analysts expect that Cubic Co. (NYSE:CUB) will announce earnings of $2.09 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Cubic’s earnings. The lowest EPS estimate is $1.79 and the highest is $2.28. The firm is scheduled to announce its next earnings results on Wednesday, November 18th.
On average, analysts expect that Cubic will report full-year earnings of $2.58 per share for the current financial year, with EPS estimates ranging from $2.29 to $2.76. For the next fiscal year, analysts forecast that the business will report earnings of $3.10 per share, with EPS estimates ranging from $2.92 to $3.52. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Cubic.
Cubic (NYSE:CUB) last issued its quarterly earnings data on Wednesday, August 5th. The scientific and technical instruments company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.16. The company had revenue of $350.44 million for the quarter, compared to analysts’ expectations of $379.81 million. Cubic had a positive return on equity of 5.96% and a negative net margin of 1.30%.
A number of brokerages have commented on CUB. Zacks Investment Research upgraded Cubic from a “sell” rating to a “hold” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. boosted their price target on Cubic from $53.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 price target on shares of Cubic in a research note on Thursday, August 6th. Canaccord Genuity boosted their price target on Cubic from $48.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, TheStreet upgraded Cubic from a “d” rating to a “c-” rating in a research note on Monday, June 29th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $52.50.
In other news, CEO Bradley H. Feldmann sold 5,000 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $45.85, for a total transaction of $229,250.00. Following the completion of the transaction, the chief executive officer now owns 53,961 shares of the company’s stock, valued at $2,474,111.85. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.58% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. raised its stake in shares of Cubic by 0.4% during the first quarter. Franklin Resources Inc. now owns 759,892 shares of the scientific and technical instruments company’s stock valued at $31,391,000 after purchasing an additional 2,681 shares in the last quarter. Swiss National Bank raised its position in Cubic by 21.4% in the second quarter. Swiss National Bank now owns 69,900 shares of the scientific and technical instruments company’s stock worth $3,357,000 after acquiring an additional 12,300 shares in the last quarter. State Street Corp raised its position in Cubic by 2.8% in the first quarter. State Street Corp now owns 1,877,841 shares of the scientific and technical instruments company’s stock worth $77,574,000 after acquiring an additional 51,796 shares in the last quarter. FDx Advisors Inc. bought a new stake in Cubic in the first quarter worth about $573,000. Finally, BNP Paribas Arbitrage SA raised its position in Cubic by 34.0% in the first quarter. BNP Paribas Arbitrage SA now owns 30,633 shares of the scientific and technical instruments company’s stock worth $1,265,000 after acquiring an additional 7,776 shares in the last quarter.
Shares of CUB opened at $43.64 on Thursday. The stock’s 50-day moving average is $44.98 and its two-hundred day moving average is $43.54. The stock has a market cap of $1.37 billion, a PE ratio of 13.94 and a beta of 1.11. Cubic has a 12 month low of $30.86 and a 12 month high of $75.20. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.23 and a quick ratio of 0.98.
The company also recently declared a semi-annual dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 31st were issued a dividend of $0.135 per share. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 28th. Cubic’s dividend payout ratio (DPR) is 8.63%.
Cubic Corporation designs, integrates, and operates systems, products, and services for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) customers worldwide. The company operates through three segments: Cubic Transportation Systems (CTS), Cubic Mission Solutions (CMS), and Cubic Global Defense Systems (CGD).
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