According to Zacks, “Cubic Corporation is the parent company of two major business segments: defense and transportation. The Cubic Defense Applications group is a world leader in realistic combat training systems, mission support services and defense electronics. Cubic Transportation Systems designs and manufactures automatic fare collection systems for public transit authorities. Cubic Transportation Systems designs, manufactures and integrates automatic fare collection systems for public transit projects throughout the world. This includes rail, bus and parking lot systems. The company supplies contactless smart cards; magnetic stripe cards; device software; and transit hardware including gates, ticket machines and card readers. Cubic Defense Applications provides realistic live combat training systems for military forces as well as virtual training systems, constructive simulation support, force modernization, battle command training and education and engineering & technical support. “
CUB has been the subject of several other reports. Needham & Company LLC raised shares of Cubic Corp. from a hold rating to a buy rating and set a $48.00 target price for the company in a research report on Monday, August 1st. Canaccord Genuity reissued a buy rating and issued a $50.00 target price on shares of Cubic Corp. in a research report on Thursday, August 11th. Finally, Credit Suisse Group AG reissued a buy rating on shares of Cubic Corp. in a research report on Saturday, July 9th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $47.60.
Shares of Cubic Corp. (NYSE:CUB) traded down 0.84% during trading on Tuesday, hitting $46.03. 7,566 shares of the company’s stock were exchanged. Cubic Corp. has a 1-year low of $30.11 and a 1-year high of $49.79. The stock’s 50 day moving average is $46.91 and its 200 day moving average is $42.47. The firm has a market capitalization of $1.24 billion, a PE ratio of 42.70 and a beta of 1.12.
Cubic Corp. (NYSE:CUB) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.12. Cubic Corp. had a net margin of 1.97% and a return on equity of 5.60%. The company had revenue of $375.20 million for the quarter, compared to analysts’ expectations of $387.41 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts forecast that Cubic Corp. will post $0.92 earnings per share for the current year.
The business also recently disclosed a semiannual dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a yield of 0.65%. Cubic Corp.’s dividend payout ratio (DPR) is 24.77%.
Several large investors have recently made changes to their positions in the stock. Mason Street Advisors LLC acquired a new stake in shares of Cubic Corp. during the second quarter worth about $172,000. Public Employees Retirement System of Ohio boosted its stake in shares of Cubic Corp. by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 44,377 shares of the company’s stock worth $1,782,000 after buying an additional 285 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Cubic Corp. by 3.0% in the second quarter. Legal & General Group Plc now owns 5,014 shares of the company’s stock worth $199,000 after buying an additional 144 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Cubic Corp. by 22.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 18,408 shares of the company’s stock worth $739,000 after buying an additional 3,314 shares during the last quarter. Finally, FDx Advisors Inc. boosted its stake in shares of Cubic Corp. by 17.7% in the second quarter. FDx Advisors Inc. now owns 6,336 shares of the company’s stock worth $254,000 after buying an additional 951 shares during the last quarter. 88.16% of the stock is owned by institutional investors.
Cubic Corp. Company Profile
Cubic Corporation (Cubic) is an international provider of systems and solutions that address the mass transit and global defense markets. The Company operates through three segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD Systems) and Cubic Global Defense Services (CGD Services).
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