Cubic Co. (NYSE:CUB) has been given a consensus recommendation of “Buy” by the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $61.00.
Several research firms recently issued reports on CUB. Zacks Investment Research upgraded Cubic from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. TheStreet downgraded Cubic from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. Needham & Company LLC boosted their price target on Cubic from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, November 21st. Canaccord Genuity restated a “buy” rating and issued a $64.00 price target (up from $55.00) on shares of Cubic in a research note on Tuesday, November 21st. Finally, Raymond James Financial restated an “outperform” rating and issued a $62.00 price target (down from $64.00) on shares of Cubic in a research note on Friday, January 19th.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Granite Investment Partners LLC raised its holdings in Cubic by 35.1% in the 3rd quarter. Granite Investment Partners LLC now owns 301,266 shares of the scientific and technical instruments company’s stock valued at $15,364,000 after acquiring an additional 78,192 shares in the last quarter. Strs Ohio acquired a new position in Cubic in the 4th quarter valued at $3,654,000. GSA Capital Partners LLP acquired a new position in Cubic in the 3rd quarter valued at $301,000. Systematic Financial Management LP acquired a new position in Cubic in the 3rd quarter valued at $4,014,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Cubic by 2.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 187,541 shares of the scientific and technical instruments company’s stock worth $9,565,000 after buying an additional 4,051 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.
Shares of Cubic (CUB) opened at $63.60 on Friday. The stock has a market capitalization of $1,769.49, a price-to-earnings ratio of -96.36 and a beta of 0.98. Cubic has a one year low of $39.58 and a one year high of $66.20. The company has a quick ratio of 1.37, a current ratio of 1.65 and a debt-to-equity ratio of 0.29.
Cubic (NYSE:CUB) last released its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported ($0.36) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.33). The firm had revenue of $340.70 million during the quarter, compared to the consensus estimate of $338.21 million. Cubic had a negative net margin of 1.21% and a negative return on equity of 1.27%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.11) earnings per share. equities analysts predict that Cubic will post 1.18 earnings per share for the current fiscal year.
The business also recently disclosed a Semi-Annual dividend, which was paid on Monday, March 12th. Shareholders of record on Thursday, March 1st were issued a $0.135 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a yield of 0.44%. Cubic’s dividend payout ratio is presently -40.91%.
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Cubic Company Profile
Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).
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