$329.10 Million in Sales Expected for Cubic Co. (NYSE:CUB) This Quarter


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Analysts predict that Cubic Co. (NYSE:CUB) will post sales of $329.10 million for the current quarter, according to Zacks. Four analysts have issued estimates for Cubic’s earnings, with estimates ranging from $312.59 million to $344.80 million. Cubic reported sales of $328.84 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.1%. The company is expected to announce its next earnings results on Wednesday, February 3rd.

According to Zacks, analysts expect that Cubic will report full-year sales of $1.56 billion for the current year, with estimates ranging from $1.54 billion to $1.57 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.64 billion, with estimates ranging from $1.62 billion to $1.64 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Cubic.

Cubic (NYSE:CUB) last released its quarterly earnings data on Tuesday, November 17th. The scientific and technical instruments company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.78. Cubic had a negative net margin of 0.26% and a positive return on equity of 10.97%. The company had revenue of $475.40 million for the quarter, compared to analysts’ expectations of $482.33 million.

CUB has been the topic of a number of research analyst reports. Needham & Company LLC raised their price objective on shares of Cubic from $65.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, November 19th. Smith Barney Citigroup lowered shares of Cubic from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $60.00 to $65.00 in a research report on Thursday, November 19th. They noted that the move was a valuation call. Royal Bank of Canada boosted their target price on shares of Cubic from $52.00 to $62.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 19th. They noted that the move was a valuation call. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered shares of Cubic from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $60.00 to $65.00 in a research report on Thursday, November 19th. Finally, Zacks Investment Research upgraded shares of Cubic from a “sell” rating to a “hold” rating in a research report on Monday, November 23rd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $63.18.

CUB stock traded down $0.75 during midday trading on Wednesday, reaching $65.72. 367,079 shares of the company were exchanged, compared to its average volume of 257,575. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.08 and a current ratio of 1.30. Cubic has a 1-year low of $30.86 and a 1-year high of $70.50. The stock’s 50-day simple moving average is $61.91 and its 200 day simple moving average is $54.27. The company has a market cap of $2.07 billion, a price-to-earnings ratio of -505.54 and a beta of 0.89.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. bought a new position in Cubic in the 2nd quarter valued at $41,000. American International Group Inc. raised its position in Cubic by 3.3% in the 2nd quarter. American International Group Inc. now owns 22,209 shares of the scientific and technical instruments company’s stock valued at $1,067,000 after purchasing an additional 700 shares during the last quarter. Bank of Montreal Can raised its position in Cubic by 150.9% in the 2nd quarter. Bank of Montreal Can now owns 4,459 shares of the scientific and technical instruments company’s stock valued at $203,000 after purchasing an additional 2,682 shares during the last quarter. TD Asset Management Inc. raised its position in Cubic by 6.2% in the 2nd quarter. TD Asset Management Inc. now owns 39,614 shares of the scientific and technical instruments company’s stock valued at $1,903,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its position in Cubic by 116.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 16,200 shares of the scientific and technical instruments company’s stock valued at $778,000 after purchasing an additional 8,700 shares during the last quarter.

Cubic Company Profile

Cubic Corporation designs, integrates, and operates systems, products, and services for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) customers worldwide. The company operates through three segments: Cubic Transportation Systems (CTS), Cubic Mission Solutions (CMS), and Cubic Global Defense (CGD) Systems.

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