Wall Street brokerages expect Cubic Corporation (NYSE:CUB) to post sales of $462.29 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Cubic Corporation’s earnings, with estimates ranging from $460.82 million to $463.76 million. Cubic Corporation posted sales of $406.59 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.7%. The company is scheduled to report its next earnings report on Monday, November 20th.

According to Zacks, analysts expect that Cubic Corporation will report full-year sales of $462.29 million for the current financial year. For the next fiscal year, analysts anticipate that the firm will report sales of $1.61 billion per share. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Cubic Corporation.

Cubic Corporation (NYSE:CUB) last issued its quarterly earnings results on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $383.47 million. During the same period in the prior year, the company earned $0.17 EPS. The firm’s quarterly revenue was down 3.6% on a year-over-year basis.

A number of research firms have recently issued reports on CUB. Credit Suisse Group restated an “outperform” rating and issued a $58.00 price target (up from $49.00) on shares of Cubic Corporation in a research note on Wednesday, October 11th. Zacks Investment Research upgraded Cubic Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Needham & Company LLC restated a “buy” rating and issued a $56.00 price target (up from $48.00) on shares of Cubic Corporation in a research note on Thursday, September 28th. Canaccord Genuity restated a “buy” rating and issued a $55.00 price target (up from $50.00) on shares of Cubic Corporation in a research note on Monday, September 25th. Finally, Raymond James Financial, Inc. raised their price target on Cubic Corporation and gave the stock a “buy” rating in a research note on Friday, September 22nd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $56.67.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CUB. BlackRock Inc. lifted its position in Cubic Corporation by 45,983.5% during the first quarter. BlackRock Inc. now owns 3,781,155 shares of the scientific and technical instruments company’s stock valued at $199,644,000 after purchasing an additional 3,772,950 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in Cubic Corporation by 14.5% during the second quarter. State of New Jersey Common Pension Fund D now owns 1,191,000 shares of the scientific and technical instruments company’s stock valued at $55,143,000 after purchasing an additional 151,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Cubic Corporation by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,730,599 shares of the scientific and technical instruments company’s stock valued at $80,126,000 after purchasing an additional 106,660 shares in the last quarter. Vanguard Group Inc. lifted its position in Cubic Corporation by 4.5% during the first quarter. Vanguard Group Inc. now owns 2,155,681 shares of the scientific and technical instruments company’s stock valued at $113,820,000 after purchasing an additional 92,168 shares in the last quarter. Finally, State Street Corp lifted its position in Cubic Corporation by 5.9% during the first quarter. State Street Corp now owns 739,198 shares of the scientific and technical instruments company’s stock valued at $39,032,000 after purchasing an additional 41,484 shares in the last quarter. Institutional investors own 87.81% of the company’s stock.

Cubic Corporation (NYSE CUB) opened at 56.10 on Wednesday. The stock’s 50 day moving average price is $49.64 and its 200-day moving average price is $47.40. The stock’s market cap is $1.52 billion. Cubic Corporation has a 12 month low of $39.58 and a 12 month high of $56.30.

Cubic Corporation Company Profile

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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