$0.14 EPS Expected for Cubic Corporation (CUB) This Quarter
Wall Street analysts expect that Cubic Corporation (NYSE:CUB) will announce earnings per share (EPS) of $0.14 for the current quarter, according to Zacks. Two analysts have issued estimates for Cubic Corporation’s earnings. The highest EPS estimate is $0.15 and the lowest is $0.13. Cubic Corporation posted earnings of ($0.29) per share during the same quarter last year, which would suggest a positive year over year growth rate of 148.3%. The company is expected to announce its next quarterly earnings results on Monday, November 20th.
On average, 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 expect that the company will post earnings of $2.22 per share, with EPS estimates ranging from $1.93 to $2.50. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Cubic Corporation.
Cubic Corporation (NYSE:CUB) last announced its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) 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 business had revenue of $361.87 million for the quarter, compared to analyst estimates of $383.47 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The business’s revenue was down 3.6% on a year-over-year basis.
A number of brokerages have recently issued reports on CUB. Zacks Investment Research lowered shares of Cubic Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Canaccord Genuity restated a “buy” rating and set a $55.00 target price (up from $50.00) on shares of Cubic Corporation in a research report on Monday, September 25th. Raymond James Financial, Inc. raised their target price on shares of Cubic Corporation and gave the stock a “buy” rating in a research report on Friday, September 22nd. Needham & Company LLC restated a “buy” rating and set a $56.00 target price (up from $48.00) on shares of Cubic Corporation in a research report on Thursday, September 28th. Finally, BidaskClub upgraded shares of Cubic Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Cubic Corporation currently has an average rating of “Buy” and a consensus target price of $56.40.
Several institutional investors and hedge funds have recently made changes to their positions in CUB. Ameritas Investment Partners Inc. acquired a new stake in shares of Cubic Corporation during the first quarter worth $115,000. Bessemer Group Inc. acquired a new stake in shares of Cubic Corporation during the second quarter worth $125,000. Invictus RG acquired a new stake in shares of Cubic Corporation during the first quarter worth $231,000. SG Americas Securities LLC acquired a new stake in shares of Cubic Corporation during the second quarter worth $208,000. Finally, State of Alaska Department of Revenue lifted its holdings in shares of 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 period. Institutional investors and hedge funds own 88.77% of the company’s stock.
Shares of Cubic Corporation (NYSE CUB) opened at 52.75 on Thursday. The firm’s 50-day moving average is $45.56 and its 200 day moving average is $47.31. The firm’s market capitalization is $1.43 billion. Cubic Corporation has a 52 week low of $39.50 and a 52 week high of $55.65.
The firm also recently announced a semiannual dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a dividend yield of 0.62%. Cubic Corporation’s dividend payout ratio (DPR) is presently -22.69%.
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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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