Analysts Expect Cubic Co. (NYSE:CUB) to Post $1.94 EPS

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Brokerages expect that Cubic Co. (NYSE:CUB) will announce earnings of $1.94 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Cubic’s earnings. The highest EPS estimate is $1.98 and the lowest is $1.87. Cubic reported earnings per share of $0.80 in the same quarter last year, which suggests a positive year-over-year growth rate of 142.5%. The firm is expected to announce its next quarterly earnings results on Thursday, November 21st.

According to Zacks, analysts expect that Cubic will report full-year earnings of $3.18 per share for the current year, with EPS estimates ranging from $3.14 to $3.20. For the next year, analysts anticipate that the firm will report earnings of $3.95 per share, with EPS estimates ranging from $3.45 to $4.22. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Cubic.

Cubic (NYSE:CUB) last released its quarterly earnings data on Tuesday, August 6th. The scientific and technical instruments company reported $0.66 earnings per share for the quarter, beating the 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 business had revenue of $382.70 million for the quarter, compared to analyst estimates of $345.61 million. During the same period last year, the firm posted $0.48 earnings per share. Cubic’s revenue was up 29.2% compared to the same quarter last year.

CUB has been the subject of a number of research analyst reports. TheStreet upgraded Cubic from a “c” rating to a “b-” rating in a report on Thursday, August 8th. Zacks Investment Research downgraded Cubic from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. SunTrust Banks initiated coverage on Cubic in a report on Thursday, September 5th. They issued a “hold” rating and a $74.00 target price for the company. Finally, ValuEngine upgraded Cubic from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $74.50.

A number of hedge funds have recently modified their holdings of CUB. Ladenburg Thalmann Financial Services Inc. grew its stake in Cubic by 79.2% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 482 shares of the scientific and technical instruments company’s stock valued at $31,000 after acquiring an additional 213 shares during the period. Parallel Advisors LLC acquired a new stake in Cubic in the first quarter valued at approximately $39,000. Penserra Capital Management LLC grew its stake in Cubic by 50.0% in the first quarter. Penserra Capital Management LLC now owns 822 shares of the scientific and technical instruments company’s stock valued at $46,000 after acquiring an additional 274 shares during the period. Point72 Hong Kong Ltd grew its stake in Cubic by 69.2% in the second quarter. Point72 Hong Kong Ltd now owns 1,464 shares of the scientific and technical instruments company’s stock valued at $94,000 after acquiring an additional 599 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in Cubic in the second quarter valued at approximately $95,000. Institutional investors and hedge funds own 97.54% of the company’s stock.

Shares of CUB opened at $72.95 on Tuesday. Cubic has a 1 year low of $50.61 and a 1 year high of $75.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.30 and a quick ratio of 1.07. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 113.98 and a beta of 1.18. The business has a 50-day moving average of $68.62 and a 200-day moving average of $62.00.

The firm also recently announced a Semi-Annual dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 30th were issued a $0.135 dividend. The ex-dividend date was Thursday, August 29th. Cubic’s payout ratio is currently 42.19%.

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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Earnings History and Estimates for Cubic (NYSE:CUB)

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