Cubic Corp. (NYSE:CUB) has earned an average recommendation of “Buy” from the seven research firms that are covering the stock. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $50.00.
CUB has been the subject of a number of analyst reports. Needham & Company LLC upgraded shares of Cubic Corp. from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Monday, August 1st. Canaccord Genuity reiterated a “buy” rating and issued a $54.00 target price on shares of Cubic Corp. in a research note on Thursday. Zacks Investment Research upgraded shares of Cubic Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of Cubic Corp. in a research note on Saturday, July 9th.
Hedge funds have recently modified their holdings of the company. PineBridge Investments L.P. raised its position in shares of Cubic Corp. by 3.8% in the second quarter. PineBridge Investments L.P. now owns 2,771 shares of the company’s stock worth $111,000 after buying an additional 101 shares during the period. Teacher Retirement System of Texas raised its position in shares of Cubic Corp. by 14.2% in the second quarter. Teacher Retirement System of Texas now owns 3,206 shares of the company’s stock worth $129,000 after buying an additional 399 shares during the period. Bank of Montreal Can bought a new position in shares of Cubic Corp. during the second quarter worth about $130,000. Mason Street Advisors LLC bought a new position in shares of Cubic Corp. during the second quarter worth about $172,000. Finally, Legal & General Group Plc raised its position in shares of Cubic Corp. by 5.9% in the first quarter. Legal & General Group Plc now owns 4,870 shares of the company’s stock worth $194,000 after buying an additional 273 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.
Cubic Corp. (NYSE:CUB) opened at 45.62 on Wednesday. Cubic Corp. has a one year low of $30.11 and a one year high of $49.79. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 42.32 and a beta of 1.12. The firm’s 50-day moving average is $46.86 and its 200 day moving average is $42.50.
Cubic Corp. (NYSE:CUB) last posted its earnings results on Wednesday, August 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.12. The business earned $375.20 million during the quarter, compared to analyst estimates of $387.41 million. Cubic Corp. had a net margin of 1.97% and a return on equity of 5.60%. Cubic Corp.’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 earnings per share. Analysts forecast that Cubic Corp. will post $0.92 EPS for the current fiscal year.
The company also recently disclosed a semiannual dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were paid a $0.135 dividend. This represents a dividend yield of 0.65%. The ex-dividend date of this dividend was Monday, August 29th. Cubic Corp.’s payout ratio is 24.77%.
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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