$331.25 Million in Sales Expected for Cubic Co. (CUB) This Quarter

Equities analysts expect Cubic Co. (NYSE:CUB) to report sales of $331.25 million for the current quarter, Zacks reports. Three analysts have issued estimates for Cubic’s earnings, with the highest sales estimate coming in at $339.41 million and the lowest estimate coming in at $327.00 million. Cubic reported sales of $278.59 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.9%. The company is scheduled to announce its next earnings results on Wednesday, May 1st.

On average, analysts expect that Cubic will report full-year sales of $1.43 billion for the current financial year, with estimates ranging from $1.42 billion to $1.44 billion. For the next year, analysts expect that the company will report sales of $1.56 billion, with estimates ranging from $1.53 billion to $1.59 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Cubic.

Cubic (NYSE:CUB) last released its earnings results on Wednesday, February 6th. The scientific and technical instruments company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.10). The company had revenue of $305.30 million for the quarter, compared to analysts’ expectations of $288.55 million. Cubic had a return on equity of 2.30% and a net margin of 1.23%. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.36) EPS.

Several analysts have commented on CUB shares. Zacks Investment Research cut shares of Cubic from a “hold” rating to a “strong sell” rating in a research note on Monday, February 11th. Drexel Hamilton set a $85.00 price objective on shares of Cubic and gave the company a “buy” rating in a research note on Tuesday, January 8th. JPMorgan Chase & Co. upgraded shares of Cubic from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $75.00 to $73.00 in a research note on Friday, November 30th. ValuEngine cut shares of Cubic from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Finally, Needham & Company LLC decreased their price objective on shares of Cubic from $80.00 to $77.00 and set a “buy” rating for the company in a research note on Monday, December 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $74.34.

Several institutional investors and hedge funds have recently bought and sold shares of CUB. Engineers Gate Manager LP acquired a new position in shares of Cubic in the 3rd quarter valued at $205,000. Private Advisor Group LLC acquired a new position in shares of Cubic in the 3rd quarter valued at $277,000. Wells Fargo & Company MN lifted its stake in shares of Cubic by 2.1% in the 3rd quarter. Wells Fargo & Company MN now owns 104,632 shares of the scientific and technical instruments company’s stock valued at $7,643,000 after purchasing an additional 2,132 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Cubic in the 3rd quarter valued at $205,000. Finally, Virginia Retirement Systems ET AL acquired a new position in shares of Cubic in the 3rd quarter valued at $1,213,000. Hedge funds and other institutional investors own 93.73% of the company’s stock.

Shares of NYSE CUB opened at $55.50 on Thursday. The company has a quick ratio of 1.78, a current ratio of 2.06 and a debt-to-equity ratio of 0.23. Cubic has a 12 month low of $50.61 and a 12 month high of $77.35. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 86.72 and a beta of 1.23.

The firm also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, March 12th. Shareholders of record on Friday, March 1st were paid a dividend of $0.135 per share. This represents a yield of 0.44%. The ex-dividend date was Thursday, February 28th. Cubic’s payout ratio is 42.19%.

About Cubic

Cubic Corporation provides various integrated solutions worldwide. Its solutions enhance the situational understanding for transportation, defense, and training customers, as well as for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) customers. The company operates through three segments: Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD), and Cubic Mission Solutions (CMS).

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