Brokerages forecast that Cubic Co. (NYSE:CUB) will announce sales of $347.76 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Cubic’s earnings. The highest sales estimate is $352.29 million and the lowest is $343.22 million. Cubic posted sales of $343.71 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.2%. The firm is expected to report its next earnings report on Monday, May 14th.

According to Zacks, analysts expect that Cubic will report full year sales of $347.76 million for the current financial year. For the next financial year, analysts anticipate that the company will report sales of $1.69 billion per share, with estimates ranging from $1.64 billion to $1.75 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Cubic.

Cubic (NYSE:CUB) last posted its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.33). Cubic had a negative return on equity of 1.27% and a negative net margin of 1.21%. The company had revenue of $340.70 million during the quarter, compared to the consensus estimate of $338.21 million. During the same quarter last year, the firm earned ($0.11) EPS. The business’s revenue for the quarter was up 1.8% on a year-over-year basis.

Several research analysts recently weighed in on CUB shares. TheStreet upgraded shares of Cubic from a “c” rating to a “b-” rating in a research report on Tuesday, November 21st. Needham & Company LLC boosted their price objective on shares of Cubic from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Canaccord Genuity restated a “buy” rating and issued a $64.00 price objective (up previously from $55.00) on shares of Cubic in a research report on Tuesday, November 21st. JPMorgan Chase & Co. cut shares of Cubic from an “overweight” rating to a “neutral” rating and set a $59.00 price objective for the company. in a research report on Monday, November 27th. Finally, Raymond James Financial restated an “outperform” rating and issued a $62.00 price objective (down previously from $64.00) on shares of Cubic in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $61.00.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in Cubic during the 3rd quarter worth $106,000. Cubist Systematic Strategies LLC acquired a new stake in Cubic during the 3rd quarter worth $159,000. Gofen & Glossberg LLC IL acquired a new stake in Cubic during the 4th quarter worth $205,000. Amalgamated Bank acquired a new stake in Cubic during the 4th quarter worth $214,000. Finally, Harbour Capital Advisors LLC acquired a new stake in Cubic during the 4th quarter worth $280,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Cubic (CUB) traded up $0.50 during mid-day trading on Friday, reaching $58.60. 224,433 shares of the company traded hands, compared to its average volume of 149,954. 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 has a 1 year low of $39.58 and a 1 year high of $64.95. The company has a market cap of $1,551.71, a PE ratio of -88.79 and a beta of 1.09.

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About Cubic

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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