$22.45 Million in Sales Expected for CUI Global, Inc. (CUI) This Quarter
Equities analysts forecast that CUI Global, Inc. (NASDAQ:CUI) will announce sales of $22.45 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for CUI Global’s earnings, with estimates ranging from $22.30 million to $22.60 million. CUI Global posted sales of $23.26 million in the same quarter last year, which would indicate a negative year over year growth rate of 3.5%. The company is expected to report its next earnings results on Wednesday, November 8th.
On average, analysts expect that CUI Global will report full year sales of $22.45 million for the current financial year, with estimates ranging from $84.30 million to $85.94 million. For the next year, analysts expect that the firm will post sales of $125.61 million per share, with estimates ranging from $103.30 million to $147.92 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow CUI Global.
CUI Global (NASDAQ:CUI) last issued its quarterly earnings results on Wednesday, August 9th. The industrial products company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. CUI Global had a negative return on equity of 16.61% and a negative net margin of 10.29%. The company had revenue of $22.50 million during the quarter, compared to analyst estimates of $19.96 million. During the same period in the previous year, the company earned ($0.07) earnings per share. The company’s quarterly revenue was down 2.6% compared to the same quarter last year.
Several analysts recently weighed in on CUI shares. HC Wainwright reissued a “buy” rating and set a $12.00 price target on shares of CUI Global in a report on Monday. ValuEngine raised CUI Global from a “strong sell” rating to a “sell” rating in a report on Tuesday. Finally, Zacks Investment Research raised CUI Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $9.00.
CUI Global (NASDAQ:CUI) opened at 3.81 on Wednesday. CUI Global has a one year low of $3.01 and a one year high of $7.39. The firm’s market capitalization is $79.99 million. The stock’s 50 day moving average price is $3.65 and its 200-day moving average price is $3.78.
A number of institutional investors have recently bought and sold shares of CUI. Royce & Associates LP increased its stake in CUI Global by 54.6% during the 2nd quarter. Royce & Associates LP now owns 948,607 shares of the industrial products company’s stock worth $3,643,000 after acquiring an additional 335,182 shares during the period. WealthTrust Axiom LLC increased its stake in shares of CUI Global by 10.5% in the 2nd quarter. WealthTrust Axiom LLC now owns 514,594 shares of the industrial products company’s stock valued at $1,976,000 after purchasing an additional 48,832 shares during the last quarter. Marathon Capital Management increased its stake in shares of CUI Global by 2.6% in the 2nd quarter. Marathon Capital Management now owns 1,610,792 shares of the industrial products company’s stock valued at $6,185,000 after purchasing an additional 40,550 shares during the last quarter. Heartland Advisors Inc. increased its stake in shares of CUI Global by 0.4% in the 2nd quarter. Heartland Advisors Inc. now owns 2,234,850 shares of the industrial products company’s stock valued at $8,582,000 after purchasing an additional 9,150 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of CUI Global by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 859,350 shares of the industrial products company’s stock valued at $3,300,000 after purchasing an additional 6,657 shares during the last quarter. Hedge funds and other institutional investors own 55.65% of the company’s stock.
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About CUI Global
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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