Wall Street analysts expect CUI Global Inc (NASDAQ:CUI) to report earnings per share of ($0.04) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for CUI Global’s earnings. The lowest EPS estimate is ($0.11) and the highest is $0.03. CUI Global reported earnings per share of ($0.11) in the same quarter last year, which would suggest a positive year over year growth rate of 63.6%. The firm is expected to report its next earnings report on Monday, May 8th.
According to Zacks, analysts expect that CUI Global will report full year earnings of $0.06 per share for the current financial year, with EPS estimates ranging from ($0.09) to $0.15. For the next financial year, analysts anticipate that the company will report earnings of $0.51 per share, with EPS estimates ranging from $0.20 to $0.82. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover CUI Global.
CUI Global (NASDAQ:CUI) last issued its earnings results on Tuesday, March 14th. The industrial products company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.05. CUI Global had a negative return on equity of 8.96% and a negative net margin of 6.75%. The business earned $19.40 million during the quarter, compared to analysts’ expectations of $21.46 million. During the same period last year, the firm posted ($0.06) EPS. CUI Global’s quarterly revenue was down 11.4% compared to the same quarter last year.
CUI has been the subject of several recent research reports. HC Wainwright reiterated a “buy” rating and set a $12.00 price target on shares of CUI Global in a research report on Monday, March 20th. TheStreet cut CUI Global from a “c-” rating to a “d+” rating in a research report on Monday. Finally, Zacks Investment Research upgraded CUI Global from a “sell” rating to a “hold” rating in a research report on Monday, April 10th.
Shares of CUI Global (NASDAQ:CUI) traded down 0.90% during trading on Thursday, reaching $4.42. The company’s stock had a trading volume of 26,699 shares. The firm’s 50-day moving average is $4.99 and its 200-day moving average is $5.79. CUI Global has a 12-month low of $4.01 and a 12-month high of $8.40. The stock’s market capitalization is $92.59 million.
Several hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in CUI Global by 20.0% in the third quarter. Wells Fargo & Company MN now owns 27,355 shares of the industrial products company’s stock worth $160,000 after buying an additional 4,555 shares during the period. Mesirow Financial Investment Management Equity Management acquired a new stake in CUI Global during the third quarter worth approximately $236,000. Croft Leominster Inc. boosted its stake in CUI Global by 13.4% in the third quarter. Croft Leominster Inc. now owns 84,400 shares of the industrial products company’s stock worth $492,000 after buying an additional 10,000 shares during the period. WealthTrust Axiom LLC boosted its stake in CUI Global by 5.4% in the third quarter. WealthTrust Axiom LLC now owns 491,847 shares of the industrial products company’s stock worth $2,867,000 after buying an additional 24,998 shares during the period. Finally, Royce & Associates LP boosted its stake in CUI Global by 25.2% in the fourth quarter. Royce & Associates LP now owns 447,636 shares of the industrial products company’s stock worth $3,102,000 after buying an additional 90,000 shares during the period. Institutional investors and hedge funds own 63.27% of the company’s stock.
About CUI Global
CUI Global, Inc is a platform company. The Company’s segments include Power and Electromechanical, Energy and Other. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc (CUI), CUI Japan and CUI-Canada, Inc, which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs).
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