Zacks: Brokerages Expect Cubic Co. (NYSE:CUB) Will Post Earnings of $0.41 Per Share

Wall Street analysts predict that Cubic Co. (NYSE:CUB) will report earnings of $0.41 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Cubic’s earnings, with estimates ranging from $0.32 to $0.49. Cubic reported earnings per share of ($0.12) in the same quarter last year, which suggests a positive year over year growth rate of 441.7%. The company is scheduled to announce its next quarterly earnings report on Wednesday, May 5th.

According to Zacks, analysts expect that Cubic will report full year earnings of $3.66 per share for the current financial year, with EPS estimates ranging from $3.62 to $3.69. For the next fiscal year, analysts forecast that the business will report earnings of $3.92 per share, with EPS estimates ranging from $3.50 to $4.59. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Cubic.

Cubic (NYSE:CUB) last released its quarterly earnings results on Monday, February 8th. The scientific and technical instruments company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.37. The business had revenue of $318.80 million for the quarter, compared to the consensus estimate of $329.22 million. Cubic had a negative net margin of 0.26% and a positive return on equity of 10.97%. Cubic’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.12) EPS.

Several analysts have recently weighed in on the stock. Truist lowered shares of Cubic from a “buy” rating to a “hold” rating in a research note on Tuesday, February 9th. Needham & Company LLC cut Cubic from a “buy” rating to a “hold” rating in a research report on Tuesday, February 9th. Zacks Investment Research downgraded Cubic from a “buy” rating to a “hold” rating in a research note on Thursday, February 11th. Canaccord Genuity reiterated a “hold” rating on shares of Cubic in a report on Tuesday, March 23rd. Finally, William Blair cut Cubic from an “outperform” rating to a “market perform” rating in a report on Monday, February 8th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $66.36.

Several institutional investors and hedge funds have recently modified their holdings of CUB. Vantage Consulting Group Inc purchased a new stake in shares of Cubic in the fourth quarter worth about $29,000. Veriti Management LLC purchased a new position in Cubic during the fourth quarter worth approximately $76,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Cubic during the fourth quarter valued at approximately $191,000. Lazard Asset Management LLC acquired a new position in shares of Cubic during the fourth quarter valued at approximately $193,000. Finally, Amalgamated Bank acquired a new position in shares of Cubic during the fourth quarter valued at approximately $201,000.

Shares of Cubic stock traded up $0.02 on Thursday, hitting $74.82. The company had a trading volume of 1,264 shares, compared to its average volume of 481,056. Cubic has a twelve month low of $31.01 and a twelve month high of $78.13. The firm has a market capitalization of $2.38 billion, a P/E ratio of -575.46 and a beta of 0.89. The stock has a 50-day moving average of $74.08 and a 200-day moving average of $66.36. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.30 and a quick ratio of 1.08.

The business also recently announced a semi-annual dividend, which was paid on Friday, March 12th. Stockholders of record on Tuesday, March 2nd were paid a $0.135 dividend. The ex-dividend date was Monday, March 1st. This represents a dividend yield of 0.4%. Cubic’s payout ratio is 8.13%.

About Cubic

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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