Cubic (NYSE:CUB) issued its quarterly earnings results on Monday, November 20th. The scientific and technical instruments company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.35, Briefing.com reports. The firm had revenue of $445.60 million for the quarter, compared to analyst estimates of $436.76 million. Cubic had a negative return on equity of 1.66% and a negative net margin of 0.75%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the company earned ($0.28) EPS.
Shares of Cubic (CUB) opened at $60.75 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.42 and a current ratio of 1.65. Cubic has a twelve month low of $39.58 and a twelve month high of $64.95.
Several research firms have issued reports on CUB. TheStreet upgraded Cubic from a “c” rating to a “b-” rating in a report on Tuesday, November 21st. J P Morgan Chase & Co downgraded Cubic from an “overweight” rating to a “neutral” rating and set a $59.00 price target for the company. in a report on Monday, November 27th. Canaccord Genuity reiterated a “buy” rating and issued a $64.00 price target (up from $55.00) on shares of Cubic in a report on Tuesday, November 21st. Zacks Investment Research downgraded Cubic from a “hold” rating to a “strong sell” rating in a report on Monday, November 20th. Finally, Needham & Company LLC boosted their price objective on Cubic from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Cubic has an average rating of “Hold” and a consensus target price of $60.17.
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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