CUI Global, Inc. (NASDAQ:CUI) Expected to Post Earnings of -$0.12 Per Share
Brokerages expect CUI Global, Inc. (NASDAQ:CUI) to report ($0.12) earnings per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for CUI Global’s earnings. The highest EPS estimate is ($0.09) and the lowest is ($0.15). CUI Global posted earnings of ($0.05) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 140%. The firm is scheduled to issue its next earnings report before the market opens on Wednesday, August 9th.
On average, analysts expect that CUI Global will report full-year earnings of ($0.39) per share for the current financial year, with EPS estimates ranging from ($0.46) to ($0.35). For the next year, analysts expect that the business will post earnings of $0.17 per share, with EPS estimates ranging from ($0.07) to $0.60. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for CUI Global.
CUI Global (NASDAQ:CUI) last issued its quarterly earnings results on Wednesday, May 10th. The industrial products company reported ($0.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.10. The business had revenue of $17.80 million during the quarter, compared to the consensus estimate of $21.20 million. CUI Global had a negative return on equity of 15.64% and a negative net margin of 10.10%. The business’s quarterly revenue was down 14.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.13) earnings per share.
Several brokerages recently issued reports on CUI. Zacks Investment Research raised CUI Global from a “sell” rating to a “hold” rating in a research report on Monday, April 3rd. TheStreet lowered CUI Global from a “c-” rating to a “d+” rating in a research report on Monday, April 17th. Finally, Ladenburg Thalmann Financial Services began coverage on CUI Global in a research report on Wednesday, May 31st. They set a “buy” rating and a $8.00 target price for the company. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. CUI Global currently has a consensus rating of “Buy” and an average target price of $9.00.
Shares of CUI Global (CUI) traded up 3.33% on Thursday, reaching $3.41. The company’s stock had a trading volume of 59,545 shares. The company’s 50 day moving average is $3.58 and its 200-day moving average is $4.73. The firm’s market cap is $71.48 million. CUI Global has a 1-year low of $3.15 and a 1-year high of $7.39.
In other CUI Global news, CEO William J. Clough acquired 17,500 shares of the stock in a transaction dated Thursday, June 15th. The stock was purchased at an average cost of $3.28 per share, with a total value of $57,400.00. Following the transaction, the chief executive officer now owns 37,666 shares in the company, valued at approximately $123,544.48. The acquisition was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders bought 34,615 shares of company stock valued at $118,306. Corporate insiders own 4.67% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Croft Leominster Inc. raised its position in CUI Global by 4.0% in the first quarter. Croft Leominster Inc. now owns 153,330 shares of the industrial products company’s stock valued at $727,000 after buying an additional 5,930 shares during the period. Argent Capital Management LLC purchased a new stake in shares of CUI Global during the first quarter worth approximately $840,000. Royce & Associates LP raised its stake in shares of CUI Global by 37.0% in the first quarter. Royce & Associates LP now owns 613,425 shares of the industrial products company’s stock worth $2,908,000 after buying an additional 165,789 shares during the last quarter. Clear Harbor Asset Management LLC raised its stake in shares of CUI Global by 2.9% in the first quarter. Clear Harbor Asset Management LLC now owns 1,183,447 shares of the industrial products company’s stock worth $5,610,000 after buying an additional 32,955 shares during the last quarter. Finally, Marathon Capital Management raised its stake in shares of CUI Global by 9.3% in the first quarter. Marathon Capital Management now owns 1,570,242 shares of the industrial products company’s stock worth $7,443,000 after buying an additional 133,355 shares during the last quarter. 63.67% of the stock is owned by hedge funds and other institutional investors.
CUI Global Company Profile
CUI Global, Inc is a platform company. The Company’s segments include Power and Electromechanical, Energy and Other. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc (CUI), CUI Japan and CUI-Canada, Inc, which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs).
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