Wall Street brokerages forecast that Cubic Co. (NYSE:CUB) will announce earnings per share (EPS) of ($0.01) for the current quarter, Zacks reports. Two analysts have made estimates for Cubic’s earnings. The lowest EPS estimate is ($0.13) and the highest is $0.11. Cubic reported earnings of ($0.11) per share during the same quarter last year, which would indicate a positive year over year growth rate of 90.9%. The firm is expected to announce its next earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Cubic will report full-year earnings of $1.64 per share for the current year, with EPS estimates ranging from $1.43 to $1.85. For the next fiscal year, analysts anticipate that the company will post earnings of $2.84 per share, with EPS estimates ranging from $2.74 to $2.93. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Cubic.

Cubic (NYSE:CUB) last issued its quarterly earnings results on Monday, November 20th. The scientific and technical instruments company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.35. Cubic had a net margin of 2.95% and a return on equity of 7.81%. The business had revenue of $445.60 million for the quarter, compared to analysts’ expectations of $436.76 million. During the same period last year, the business earned ($0.28) earnings per share. The business’s quarterly revenue was up 9.6% on a year-over-year basis.

CUB has been the topic of several recent analyst reports. Credit Suisse Group restated an “outperform” rating and issued a $58.00 target price (up previously from $49.00) on shares of Cubic in a report on Wednesday, October 11th. Zacks Investment Research cut shares of Cubic from a “hold” rating to a “strong sell” rating in a report on Monday, November 20th. JPMorgan Chase & Co. cut shares of Cubic from an “overweight” rating to a “neutral” rating and set a $59.00 target price on the stock. in a report on Monday, November 27th. Raymond James Financial restated an “outperform” rating and issued a $62.00 target price (down previously from $64.00) on shares of Cubic in a report on Friday, January 19th. Finally, Canaccord Genuity restated a “buy” rating and issued a $64.00 target price (up previously from $55.00) on shares of Cubic in a report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $61.00.

Shares of Cubic (CUB) traded up $0.35 during midday trading on Friday, reaching $60.10. 74,879 shares of the company’s stock were exchanged, compared to its average volume of 93,224. Cubic has a twelve month low of $39.58 and a twelve month high of $64.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.65 and a quick ratio of 1.42. The company has a market capitalization of $1,625.66, a PE ratio of -146.59 and a beta of 1.10.

Several institutional investors have recently modified their holdings of CUB. Quantbot Technologies LP bought a new position in shares of Cubic in the third quarter worth approximately $106,000. Cubist Systematic Strategies LLC bought a new stake in Cubic in the third quarter valued at $159,000. Gofen & Glossberg LLC IL bought a new stake in Cubic in the fourth quarter valued at $205,000. Piedmont Investment Advisors LLC bought a new stake in Cubic in the second quarter valued at $250,000. Finally, Martingale Asset Management L P bought a new stake in Cubic in the second quarter valued at $255,000. Hedge funds and other institutional investors own 89.53% of the company’s stock.

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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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