Several other research firms also recently issued reports on CUB. Needham & Company LLC reissued a hold rating on shares of Cubic Corp. in a research note on Wednesday, June 29th. Zacks Investment Research raised Cubic Corp. from a strong sell rating to a hold rating in a research note on Tuesday. Finally, Credit Suisse Group AG reissued a buy rating on shares of Cubic Corp. in a research note on Saturday, July 9th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Cubic Corp. has an average rating of Buy and a consensus price target of $47.60.
Shares of Cubic Corp. (NYSE:CUB) traded down 1.476% during mid-day trading on Thursday, reaching $45.735. The company had a trading volume of 55,682 shares. The firm’s 50-day moving average is $46.91 and its 200 day moving average is $42.47. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 42.426 and a beta of 1.12. Cubic Corp. has a 12 month low of $30.11 and a 12 month high of $49.79.
Cubic Corp. (NYSE:CUB) last posted its earnings results on Wednesday, August 3rd. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.12. The business had revenue of $375.20 million for the quarter, compared to the consensus estimate of $387.41 million. Cubic Corp. had a return on equity of 5.60% and a net margin of 1.97%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 earnings per share. On average, equities research analysts predict that Cubic Corp. will post $0.92 earnings per share for the current year.
The firm also recently announced a semiannual dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a $0.135 dividend. The ex-dividend date was Monday, August 29th. This represents a dividend yield of 0.65%. Cubic Corp.’s dividend payout ratio is presently 24.77%.
Several large investors have recently bought and sold shares of CUB. BNP Paribas Arbitrage SA raised its stake in Cubic Corp. by 64.4% in the second quarter. BNP Paribas Arbitrage SA now owns 9,145 shares of the company’s stock valued at $367,000 after buying an additional 3,581 shares during the period. Wellington Management Group LLP raised its stake in Cubic Corp. by 5.3% in the first quarter. Wellington Management Group LLP now owns 2,123,757 shares of the company’s stock valued at $84,865,000 after buying an additional 107,776 shares during the period. BlackRock Fund Advisors raised its stake in Cubic Corp. by 0.6% in the first quarter. BlackRock Fund Advisors now owns 1,551,993 shares of the company’s stock valued at $62,018,000 after buying an additional 8,797 shares during the period. BlackRock Group LTD raised its stake in Cubic Corp. by 7.9% in the first quarter. BlackRock Group LTD now owns 31,522 shares of the company’s stock valued at $1,260,000 after buying an additional 2,316 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Cubic Corp. by 1.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 564,175 shares of the company’s stock valued at $22,544,000 after buying an additional 6,247 shares during the period. Institutional investors own 88.16% of the company’s stock.
Cubic Corp. Company Profile
Cubic Corporation (Cubic) is an international provider of systems and solutions that address the mass transit and global defense markets. The Company operates through three segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD Systems) and Cubic Global Defense Services (CGD Services).
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