A number of other equities analysts have also recently issued reports on CUB. Credit Suisse Group AG reiterated a buy rating on shares of Cubic Corp. in a report on Saturday, July 9th. Canaccord Genuity reiterated a buy rating and set a $50.00 target price on shares of Cubic Corp. in a report on Thursday, August 11th. Finally, Zacks Investment Research upgraded Cubic Corp. from a strong sell rating to a hold rating in a report on Tuesday, October 4th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $47.00.
Cubic Corp. (NYSE:CUB) opened at 40.70 on Friday. The company’s 50 day moving average price is $45.97 and its 200 day moving average price is $42.67. Cubic Corp. has a 52-week low of $30.11 and a 52-week high of $49.79. The firm has a market cap of $1.10 billion, a PE ratio of 37.76 and a beta of 1.12.
Cubic Corp. (NYSE:CUB) last released 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 firm 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%. Cubic Corp.’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $0.33 EPS. Analysts predict that Cubic Corp. will post $0.92 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the company. PineBridge Investments L.P. raised its stake in 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 in the last quarter. Teacher Retirement System of Texas raised its stake in 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 in the last quarter. Bank of Montreal Can acquired a new stake in Cubic Corp. during the second quarter worth $130,000. Mason Street Advisors LLC acquired a new stake in Cubic Corp. during the second quarter worth $172,000. Finally, Chesley Taft & Associates LLC acquired a new stake in Cubic Corp. during the third quarter worth $203,000. Institutional investors own 88.15% 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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