Brokerages expect Cubic Co. (NYSE:CUB) to report $347.76 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Cubic’s earnings, with estimates ranging from $343.22 million to $352.29 million. Cubic posted sales of $343.71 million during the same quarter last year, which would indicate a positive year over year growth rate of 1.2%. The company is scheduled to issue its next quarterly earnings report on Monday, May 14th.
On average, analysts expect that Cubic will report full-year sales of $347.76 million for the current fiscal year. For the next year, analysts expect that the firm will post sales of $1.69 billion per share, with estimates ranging from $1.64 billion to $1.75 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Cubic.
Cubic (NYSE:CUB) last announced its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported ($0.36) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.33). The firm had revenue of $340.70 million during the quarter, compared to the consensus estimate of $338.21 million. Cubic had a negative net margin of 1.21% and a negative return on equity of 1.27%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.11) earnings per share.
A number of research firms have recently weighed in on CUB. Zacks Investment Research raised Cubic from a “sell” rating to a “hold” rating in a research note on Tuesday. TheStreet downgraded Cubic from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. Raymond James Financial reissued an “outperform” rating and issued a $62.00 price target (down previously from $64.00) on shares of Cubic in a research note on Friday, January 19th. JPMorgan Chase & Co. downgraded Cubic from an “overweight” rating to a “neutral” rating and set a $59.00 price target on the stock. in a research note on Monday, November 27th. Finally, Needham & Company LLC increased their price target on Cubic from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, November 21st. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Cubic presently has a consensus rating of “Buy” and an average target price of $61.00.
Cubic (NYSE CUB) opened at $65.20 on Thursday. The company has a market capitalization of $1,770.00, a price-to-earnings ratio of -78.55 and a beta of 0.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.65 and a quick ratio of 1.37. Cubic has a 12-month low of $39.58 and a 12-month high of $66.20.
The business also recently declared a Semi-Annual dividend, which was paid on Monday, March 12th. Stockholders of record on Thursday, March 1st were paid a $0.135 dividend. This represents a dividend yield of 0.44%. The ex-dividend date of this dividend was Wednesday, February 28th. Cubic’s dividend payout ratio (DPR) is currently -32.53%.
Several hedge funds have recently bought and sold shares of CUB. Granite Investment Partners LLC raised its stake in Cubic by 35.1% during the 3rd quarter. Granite Investment Partners LLC now owns 301,266 shares of the scientific and technical instruments company’s stock worth $15,364,000 after buying an additional 78,192 shares during the period. Strs Ohio acquired a new stake in Cubic during the 4th quarter worth $3,654,000. GSA Capital Partners LLP acquired a new stake in Cubic during the 3rd quarter worth $301,000. Systematic Financial Management LP acquired a new stake in Cubic during the 3rd quarter worth $4,014,000. Finally, Schwab Charles Investment Management Inc. raised its stake in Cubic by 2.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 187,541 shares of the scientific and technical instruments company’s stock worth $9,565,000 after buying an additional 4,051 shares during the period. 88.74% of the stock is currently owned by institutional investors.
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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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