Cubic (NYSE:CUB) released its quarterly earnings data on Tuesday. The scientific and technical instruments company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.33), Briefing.com reports. The firm had revenue of $340.70 million during the quarter, compared to analysts’ expectations of $338.21 million. Cubic had a negative net margin of 0.75% and a negative return on equity of 1.66%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.11) earnings per share.
Cubic (NYSE CUB) remained flat at $$56.05 during mid-day trading on Tuesday. The company’s stock had a trading volume of 205,748 shares, compared to its average volume of 112,822. Cubic has a fifty-two week low of $39.58 and a fifty-two week high of $64.95. The company has a quick ratio of 1.42, a current ratio of 1.65 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1,582.12, a price-to-earnings ratio of -136.71 and a beta of 1.09.
Several research firms have weighed in on CUB. TheStreet raised Cubic from a “c” rating to a “b-” rating in a research report on Tuesday, November 21st. Needham & Company LLC raised their price target on Cubic from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Canaccord Genuity reissued a “buy” rating and set a $64.00 price target (up previously from $55.00) on shares of Cubic in a research report on Tuesday, November 21st. Raymond James Financial reissued an “outperform” rating and set a $62.00 price target (down previously from $64.00) on shares of Cubic in a research report on Friday, January 19th. Finally, JPMorgan Chase & Co. downgraded Cubic from an “overweight” rating to a “neutral” rating and set a $59.00 price target for the company. in a research report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Cubic presently has an average rating of “Hold” and a consensus price target of $61.00.
Cubic 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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