Cubic Co. (CUB) Expected to Announce Quarterly Sales of $343.34 Million

Wall Street brokerages predict that Cubic Co. (NYSE:CUB) will report $343.34 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Cubic’s earnings, with the highest sales estimate coming in at $348.24 million and the lowest estimate coming in at $338.44 million. Cubic reported sales of $334.68 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.6%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that Cubic will report full year sales of $343.34 million for the current financial year, with estimates ranging from $1.53 billion to $1.56 billion. For the next year, analysts anticipate that the business will post sales of $1.69 billion per share, with estimates ranging from $1.66 billion to $1.72 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Cubic.

Cubic (NYSE:CUB) last announced its earnings results on Monday, November 20th. The scientific and technical instruments company reported $0.49 earnings per share (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 last year, the firm posted ($0.28) EPS. The business’s revenue was up 9.6% on a year-over-year basis.

CUB has been the topic of a number of recent analyst reports. Credit Suisse Group reiterated an “outperform” rating and set a $58.00 target price (up previously from $49.00) on shares of Cubic in a research report on Wednesday, October 11th. Canaccord Genuity reiterated a “buy” rating and set a $55.00 target price (up previously from $50.00) on shares of Cubic in a research report on Monday, September 25th. Zacks Investment Research upgraded Cubic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. J P Morgan Chase & Co upgraded Cubic from a “neutral” rating to an “overweight” rating and set a $53.00 target price on the stock in a research report on Thursday, August 10th. Finally, Raymond James Financial increased their target price on Cubic and gave the company a “buy” rating in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $60.17.

A number of hedge funds and other institutional investors have recently bought and sold shares of CUB. Quantbot Technologies LP acquired a new position in Cubic in the 3rd quarter valued at $106,000. Bessemer Group Inc. acquired a new position in Cubic in the 2nd quarter valued at $125,000. Cubist Systematic Strategies LLC acquired a new position in Cubic in the 3rd quarter valued at $159,000. SG Americas Securities LLC acquired a new position in Cubic in the 2nd quarter valued at $208,000. Finally, Piedmont Investment Advisors LLC acquired a new position in Cubic in the 2nd quarter valued at $250,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Cubic (NYSE:CUB) opened at $61.75 on Friday. Cubic has a 52-week low of $39.58 and a 52-week high of $64.95. The company has a current ratio of 1.65, a quick ratio of 1.42 and a debt-to-equity ratio of 0.29.

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Cubic 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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