Cubic Corp. (CUB) to Release Earnings on Monday
Cubic Corp. (NYSE:CUB) is set to announce its Q416 earnings results on Monday, November 21st. Analysts expect the company to announce earnings of $0.17 per share and revenue of $390.30 million for the quarter.
Shares of Cubic Corp. (NYSE:CUB) opened at 48.80 on Friday. The firm has a market cap of $1.32 billion, a PE ratio of 45.27 and a beta of 0.98. The firm has a 50-day moving average price of $44.03 and a 200-day moving average price of $43.07. Cubic Corp. has a 52 week low of $30.11 and a 52 week high of $49.93.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Cubic Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Canaccord Genuity reissued a “buy” rating and issued a $50.00 target price on shares of Cubic Corp. in a research note on Thursday, August 11th. Finally, Needham & Company LLC raised Cubic Corp. from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.75.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its position in Cubic Corp. by 5.2% in the second quarter. State Street Corp now owns 509,158 shares of the company’s stock worth $20,444,000 after buying an additional 24,958 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Cubic Corp. by 5.5% in the second quarter. Thrivent Financial for Lutherans now owns 10,580 shares of the company’s stock worth $425,000 after buying an additional 550 shares during the last quarter. Profund Advisors LLC raised its position in Cubic Corp. by 16.1% in the second quarter. Profund Advisors LLC now owns 6,910 shares of the company’s stock worth $278,000 after buying an additional 958 shares during the last quarter. Teachers Advisors Inc. raised its position in Cubic Corp. by 3.4% in the second quarter. Teachers Advisors Inc. now owns 246,743 shares of the company’s stock worth $9,909,000 after buying an additional 8,087 shares during the last quarter. Finally, Third Avenue Management LLC raised its position in Cubic Corp. by 9.5% in the second quarter. Third Avenue Management LLC now owns 172,224 shares of the company’s stock worth $6,917,000 after buying an additional 14,897 shares during the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.
About Cubic Corp.
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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