Cubic Corporation (CUB) Posts Earnings Results, Beats Expectations By $0.35 EPS
Cubic Corporation (NYSE:CUB) released its earnings results on Monday. The scientific and technical instruments company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.35, Briefing.com reports. Cubic Corporation had a negative net margin of 0.75% and a negative return on equity of 1.67%. The business had revenue of $445.60 million during 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 firm’s revenue was up 9.6% on a year-over-year basis.
Cubic Corporation (CUB) opened at $60.75 on Wednesday. Cubic Corporation has a 52 week low of $39.58 and a 52 week high of $64.35. The company has a quick ratio of 1.41, a current ratio of 1.71 and a debt-to-equity ratio of 0.30.
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Several equities analysts recently weighed in on the stock. Needham & Company LLC raised their target price on shares of Cubic Corporation from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday. Canaccord Genuity reissued a “buy” rating and issued a $64.00 target price (up from $55.00) on shares of Cubic Corporation in a research note on Tuesday. Zacks Investment Research cut shares of Cubic Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday. Credit Suisse Group reaffirmed an “outperform” rating and set a $58.00 price objective (up from $49.00) on shares of Cubic Corporation in a research report on Wednesday, October 11th. Finally, Raymond James Financial, Inc. lifted their price objective on shares of Cubic Corporation and gave the stock a “buy” rating in a research report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $59.17.
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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