News articles about Cubic Corporation (NYSE:CUB) have been trending somewhat positive on Saturday, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cubic Corporation earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the scientific and technical instruments company an impact score of 46.0895647305925 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Cubic Awarded Contract to Continue Readiness Training Support to the U.S. Marine Corps Systems Command (finance.yahoo.com)
- BRIEF-Cubic awarded $6.5 mln contract from MARTA (reuters.com)
- Cubic Awarded Contract from MARTA to Move Atlanta’s Breeze Card to the Cloud (finance.yahoo.com)
- Reviewing Cubic Corporation (CUB) and Its Rivals (americanbankingnews.com)
A number of equities research analysts recently commented on CUB shares. BidaskClub upgraded Cubic Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research lowered Cubic Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Canaccord Genuity decreased their price target on Cubic Corporation from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. ValuEngine lowered Cubic Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $48.00 price target (down from $52.00) on shares of Cubic Corporation in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $56.67.
Cubic Corporation (NYSE CUB) traded down $1.80 during trading hours on Friday, reaching $53.75. The company’s stock had a trading volume of 152,661 shares, compared to its average volume of 147,495. Cubic Corporation has a 12-month low of $39.58 and a 12-month high of $57.05. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.41 and a current ratio of 1.71.
Cubic Corporation (NYSE:CUB) last posted its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.86). Cubic Corporation had a negative return on equity of 4.74% and a negative net margin of 2.20%. The firm had revenue of $361.87 million for the quarter, compared to analyst estimates of $383.47 million. During the same period in the prior year, the company posted $0.17 EPS. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. analysts expect that Cubic Corporation will post -0.75 earnings per share for the current year.
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Cubic Corporation 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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