Cubic Corp. (CUB) PT Lowered to $45.00
Cubic Corp. (NYSE:CUB) had its price objective reduced by research analysts at Needham & Company LLC from $48.00 to $45.00 in a research note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price objective indicates a potential upside of 12.42% from the company’s current price.
Several other equities analysts also recently issued reports on CUB. Credit Suisse Group AG reissued a “buy” rating on shares of Cubic Corp. in a research note on Saturday, July 9th. Canaccord Genuity reaffirmed a “buy” rating and set a $50.00 price target on shares of Cubic Corp. in a research report on Thursday, August 11th. Finally, Zacks Investment Research raised shares of Cubic Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 4th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $47.00.
Shares of Cubic Corp. (NYSE:CUB) opened at 40.03 on Friday. The company has a 50-day moving average of $46.53 and a 200 day moving average of $42.60. Cubic Corp. has a 12-month low of $30.11 and a 12-month high of $49.79. The firm has a market cap of $1.08 billion, a P/E ratio of 37.13 and a beta of 1.12.
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Cubic Corp. (NYSE:CUB) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.12. The firm had revenue of $375.20 million for the quarter, compared to analysts’ expectations of $387.41 million. Cubic Corp. had a net margin of 1.97% and a return on equity of 5.60%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS. Equities research analysts anticipate that Cubic Corp. will post $0.92 earnings per share for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a $0.135 dividend. This represents a dividend yield of 0.65%. The ex-dividend date of this dividend was Monday, August 29th. Cubic Corp.’s payout ratio is currently 24.77%.
Several large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in Cubic Corp. by 78.6% in the third quarter. Nisa Investment Advisors LLC now owns 15,000 shares of the company’s stock valued at $702,000 after buying an additional 6,600 shares during the last quarter. Capstone Asset Management Co. raised its stake in Cubic Corp. by 8.6% in the third quarter. Capstone Asset Management Co. now owns 7,976 shares of the company’s stock valued at $373,000 after buying an additional 630 shares during the last quarter. Mason Street Advisors LLC acquired a new stake in Cubic Corp. during the second quarter valued at about $172,000. Public Employees Retirement System of Ohio raised its stake in Cubic Corp. by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 44,377 shares of the company’s stock valued at $1,782,000 after buying an additional 285 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Cubic Corp. by 3.0% in the second quarter. Legal & General Group Plc now owns 5,014 shares of the company’s stock valued at $199,000 after buying an additional 144 shares during the last quarter. 88.16% of the stock is owned by institutional investors.
Cubic Corp. Company Profile
Cubic Corporation (Cubic) is an international provider of systems and solutions that address the mass transit and global defense markets. The Company operates through three segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD Systems) and Cubic Global Defense Services (CGD Services).
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