Equities analysts forecast that Cubic Co. (NYSE:CUB) will report sales of $343.34 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Cubic’s earnings, with the lowest sales estimate coming in at $338.44 million and the highest estimate coming in at $348.24 million. Cubic posted sales of $334.68 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.6%. The firm is scheduled to issue its next earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Cubic will report full-year sales of $343.34 million for the current fiscal year, with estimates ranging from $1.53 billion to $1.56 billion. For the next financial year, analysts forecast that the company will post sales of $1.69 billion per share, with estimates ranging from $1.66 billion to $1.72 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that cover Cubic.
Cubic (NYSE:CUB) last released its quarterly earnings results on Monday, November 20th. The scientific and technical instruments company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.35. Cubic had a negative return on equity of 1.66% and a negative net margin of 0.75%. The firm had revenue of $445.60 million for the quarter, compared to analyst estimates of $436.76 million. During the same quarter in the previous year, the company posted ($0.28) EPS. The business’s revenue was up 9.6% on a year-over-year basis.
Shares of Cubic (NYSE CUB) traded down $0.25 during trading on Friday, hitting $60.50. The company had a trading volume of 226,375 shares, compared to its average volume of 141,220. Cubic has a 52 week low of $39.58 and a 52 week high of $64.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.42 and a current ratio of 1.65.
A number of hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new position in Cubic during the 3rd quarter worth approximately $301,000. Sterling Capital Management LLC raised its stake in shares of Cubic by 112.4% in the third quarter. Sterling Capital Management LLC now owns 38,258 shares of the scientific and technical instruments company’s stock worth $1,951,000 after purchasing an additional 20,249 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Cubic by 2.9% in the third quarter. California Public Employees Retirement System now owns 48,867 shares of the scientific and technical instruments company’s stock worth $2,492,000 after purchasing an additional 1,367 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Cubic in the third quarter worth approximately $159,000. Finally, Intrepid Capital Management Inc. raised its stake in shares of Cubic by 7.6% in the third quarter. Intrepid Capital Management Inc. now owns 14,413 shares of the scientific and technical instruments company’s stock worth $735,000 after purchasing an additional 1,015 shares during the last quarter. 90.57% of the stock is currently owned by institutional investors and hedge funds.
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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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