Cubic Corporation (CUB) Expected to Post Earnings of $0.14 Per Share
Analysts expect that Cubic Corporation (NYSE:CUB) will report $0.14 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Cubic Corporation’s earnings. The lowest EPS estimate is $0.13 and the highest is $0.15. Cubic Corporation reported earnings of ($0.29) per share during the same quarter last year, which would indicate a positive year over year growth rate of 148.3%. The business is expected to announce its next quarterly earnings report on Monday, November 20th.
According to Zacks, analysts expect that Cubic Corporation will report full-year earnings of ($0.76) per share for the current year, with EPS estimates ranging from ($0.76) to ($0.75). For the next financial year, analysts forecast that the company will post earnings of $2.22 per share, with EPS estimates ranging from $1.93 to $2.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Cubic Corporation.
Cubic Corporation (NYSE:CUB) last posted its earnings results on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.86). Cubic Corporation had a negative net margin of 2.20% and a negative return on equity of 4.74%. The firm had revenue of $361.87 million during the quarter, compared to analyst estimates of $383.47 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The business’s revenue for the quarter was down 3.6% on a year-over-year basis.
CUB has been the subject of a number of research reports. Credit Suisse Group reiterated an “outperform” rating and set a $58.00 target price (up previously from $49.00) on shares of Cubic Corporation in a report on Wednesday, October 11th. Zacks Investment Research raised Cubic Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Needham & Company LLC reissued a “buy” rating and set a $56.00 price target (up from $48.00) on shares of Cubic Corporation in a research report on Thursday, September 28th. Canaccord Genuity reissued a “buy” rating and set a $55.00 price target (up from $50.00) on shares of Cubic Corporation in a research report on Monday, September 25th. Finally, Raymond James Financial, Inc. upped their price target on Cubic Corporation and gave the company a “buy” rating in a research report on Friday, September 22nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $56.67.
Institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new position in shares of Cubic Corporation in the first quarter valued at approximately $115,000. Bessemer Group Inc. bought a new stake in Cubic Corporation during the second quarter worth $125,000. SG Americas Securities LLC bought a new stake in Cubic Corporation during the second quarter worth $208,000. State of Alaska Department of Revenue lifted its stake in Cubic Corporation by 78.9% during the second quarter. State of Alaska Department of Revenue now owns 4,919 shares of the scientific and technical instruments company’s stock worth $227,000 after purchasing an additional 2,169 shares during the last quarter. Finally, Piedmont Investment Advisors LLC bought a new stake in Cubic Corporation during the second quarter worth $250,000. Institutional investors own 87.91% of the company’s stock.
Shares of Cubic Corporation (NYSE CUB) traded up 4.05% on Monday, reaching $55.20. 196,256 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $49.46 and its 200-day moving average price is $47.35. The stock’s market capitalization is $1.50 billion. Cubic Corporation has a 52 week low of $39.58 and a 52 week high of $55.65.
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About Cubic Corporation
Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).
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