Zacks: Brokerages Anticipate Cubic Co. (NYSE:CUB) Will Post Quarterly Sales of $441.23 Million

Analysts predict that Cubic Co. (NYSE:CUB) will post $441.23 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Cubic’s earnings. The lowest sales estimate is $437.09 million and the highest is $444.96 million. Cubic reported sales of $379.71 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.2%. The business is scheduled to issue its next earnings report on Thursday, November 21st.

According to Zacks, analysts expect that Cubic will report full-year sales of $1.47 billion for the current fiscal year, with estimates ranging from $1.46 billion to $1.47 billion. For the next fiscal year, analysts expect that the company will report sales of $1.61 billion, with estimates ranging from $1.60 billion to $1.62 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Cubic.

Cubic (NYSE:CUB) last released its quarterly earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.01. Cubic had a return on equity of 5.37% and a net margin of 1.83%. The firm had revenue of $382.70 million for the quarter, compared to analyst estimates of $345.61 million. During the same quarter last year, the company posted $0.48 earnings per share. The business’s revenue was up 29.2% on a year-over-year basis.

A number of research firms recently issued reports on CUB. Zacks Investment Research raised Cubic from a “sell” rating to a “hold” rating in a report on Tuesday. SunTrust Banks began coverage on Cubic in a report on Thursday, September 5th. They set a “hold” rating and a $74.00 price target on the stock. ValuEngine raised Cubic from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, TheStreet raised Cubic from a “c” rating to a “b-” rating in a report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $74.50.

Shares of NYSE CUB traded up $1.50 during midday trading on Friday, reaching $69.68. 1,992 shares of the company were exchanged, compared to its average volume of 284,839. The company has a current ratio of 1.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Cubic has a 1 year low of $50.61 and a 1 year high of $74.02. The stock has a fifty day simple moving average of $69.69 and a 200 day simple moving average of $63.53. The stock has a market cap of $2.16 billion, a P/E ratio of 109.53 and a beta of 1.20.

A number of large investors have recently made changes to their positions in CUB. Oregon Public Employees Retirement Fund grew its position in Cubic by 1.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,263 shares of the scientific and technical instruments company’s stock worth $726,000 after purchasing an additional 200 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Cubic by 2.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,570 shares of the scientific and technical instruments company’s stock worth $553,000 after buying an additional 200 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in Cubic by 79.2% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 482 shares of the scientific and technical instruments company’s stock worth $31,000 after buying an additional 213 shares during the last quarter. Sterling Capital Management LLC lifted its position in Cubic by 0.7% in the 2nd quarter. Sterling Capital Management LLC now owns 32,672 shares of the scientific and technical instruments company’s stock worth $2,107,000 after buying an additional 222 shares during the last quarter. Finally, Miles Capital Inc. lifted its position in Cubic by 4.7% in the 2nd quarter. Miles Capital Inc. now owns 5,251 shares of the scientific and technical instruments company’s stock worth $339,000 after buying an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 97.54% of the company’s stock.

Cubic Company Profile

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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