Q1 2020 EPS Estimates for Cubic Co. Cut by William Blair (NYSE:CUB)

Cubic Co. (NYSE:CUB) – Investment analysts at William Blair reduced their Q1 2020 EPS estimates for shares of Cubic in a research report issued to clients and investors on Thursday, November 21st. William Blair analyst L. Dipalma now forecasts that the scientific and technical instruments company will earn $0.32 per share for the quarter, down from their prior forecast of $0.36. William Blair also issued estimates for Cubic’s Q2 2020 earnings at $0.55 EPS, Q3 2020 earnings at $0.96 EPS, Q4 2020 earnings at $1.73 EPS, FY2020 earnings at $3.55 EPS and FY2021 earnings at $3.99 EPS.

Cubic (NYSE:CUB) last issued its quarterly earnings data on Wednesday, November 20th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.94 by ($0.08). Cubic had a net margin of 1.83% and a return on equity of 5.37%. The firm had revenue of $471.20 million during the quarter, compared to analyst estimates of $440.34 million. During the same period last year, the business earned $0.80 EPS. The firm’s revenue was up 24.1% compared to the same quarter last year.

Other analysts also recently issued research reports about the stock. SunTrust Banks assumed coverage on shares of Cubic in a research report on Thursday, September 5th. They set a “hold” rating and a $74.00 price target for the company. TheStreet raised shares of Cubic from a “c” rating to a “b-” rating in a research report on Thursday, August 8th. Zacks Investment Research raised shares of Cubic from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Needham & Company LLC decreased their price target on shares of Cubic from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday. Finally, ValuEngine downgraded shares of Cubic from a “buy” rating to a “hold” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $75.63.

Shares of NYSE:CUB opened at $57.57 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.30 and a debt-to-equity ratio of 0.24. Cubic has a 52-week low of $50.61 and a 52-week high of $75.20. The company has a 50 day moving average of $71.17 and a two-hundred day moving average of $66.85. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 18.39 and a beta of 1.21.

Several hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its position in shares of Cubic by 1.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 11,263 shares of the scientific and technical instruments company’s stock worth $726,000 after buying an additional 200 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of Cubic by 2.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 8,570 shares of the scientific and technical instruments company’s stock worth $553,000 after buying an additional 200 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Cubic by 79.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 482 shares of the scientific and technical instruments company’s stock worth $31,000 after purchasing an additional 213 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Cubic by 0.7% during the second quarter. Sterling Capital Management LLC now owns 32,672 shares of the scientific and technical instruments company’s stock worth $2,107,000 after purchasing an additional 222 shares during the last quarter. Finally, Miles Capital Inc. lifted its stake in Cubic by 4.7% during the second quarter. Miles Capital Inc. now owns 5,251 shares of the scientific and technical instruments company’s stock worth $339,000 after purchasing an additional 235 shares during the last quarter. 95.31% of the stock is owned by institutional investors and hedge funds.

Cubic Company Profile

Cubic Corporation provides various integrated solutions worldwide. Its solutions enhance the situational understanding for transportation, defense, and training customers, as well as for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) customers. The company operates through three segments: Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD), and Cubic Mission Solutions (CMS).

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Earnings History and Estimates for Cubic (NYSE:CUB)

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