Cubic Co. (NYSE:CUB) Director David F. Melcher bought 1,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was purchased at an average cost of $59.88 per share, for a total transaction of $59,880.00. Following the acquisition, the director now directly owns 5,025 shares of the company’s stock, valued at approximately $300,897. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NYSE:CUB traded up $0.21 on Monday, hitting $59.76. The company had a trading volume of 359,903 shares, compared to its average volume of 275,685. The company has a current ratio of 1.37, a quick ratio of 1.17 and a debt-to-equity ratio of 0.26. Cubic Co. has a 52-week low of $50.61 and a 52-week high of $75.20. The business has a 50 day moving average of $69.82 and a 200 day moving average of $66.86. The company has a market cap of $1.86 billion, a PE ratio of 19.09 and a beta of 1.11.
Cubic (NYSE:CUB) last issued its quarterly earnings data on Wednesday, November 20th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.94 by ($0.08). Cubic had a net margin of 3.32% and a return on equity of 6.98%. The company had revenue of $471.20 million during the quarter, compared to analysts’ expectations of $440.34 million. During the same quarter in the prior year, the company earned $0.80 earnings per share. The firm’s revenue was up 24.1% compared to the same quarter last year. As a group, equities analysts predict that Cubic Co. will post 3.43 EPS for the current year.
Several analysts have weighed in on CUB shares. ValuEngine lowered Cubic from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. Needham & Company LLC lowered their target price on Cubic from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. TheStreet raised Cubic from a “c” rating to a “b-” rating in a report on Thursday, August 8th. SunTrust Banks started coverage on Cubic in a report on Thursday, September 5th. They issued a “hold” rating and a $74.00 target price on the stock. Finally, Zacks Investment Research raised Cubic from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $75.63.
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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