A number of other equities analysts have also commented on the company. Zacks Investment Research raised Cubic Corp. from a strong sell rating to a hold rating in a research note on Tuesday, October 4th. Needham & Company LLC raised Cubic Corp. from a hold rating to a buy rating and set a $48.00 price target for the company in a research note on Monday, August 1st. Finally, Credit Suisse Group AG reissued a buy rating on shares of Cubic Corp. in a research note on Saturday, July 9th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Cubic Corp. has an average rating of Buy and an average target price of $47.60.
Shares of Cubic Corp. (NYSE:CUB) opened at 44.64 on Thursday. Cubic Corp. has a 12 month low of $30.11 and a 12 month high of $49.79. The stock has a 50 day moving average price of $46.78 and a 200-day moving average price of $42.60. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 41.41 and a beta of 1.12.
Cubic Corp. (NYSE:CUB) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by $0.12. Cubic Corp. had a net margin of 1.97% and a return on equity of 5.60%. The firm had revenue of $375.20 million for the quarter, compared to the consensus estimate of $387.41 million. During the same period in the previous year, the company posted $0.33 earnings per share. Cubic Corp.’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts expect that Cubic Corp. will post $0.92 earnings per share for the current fiscal 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 presently 24.77%.
A number of large investors have recently modified their holdings of the stock. PineBridge Investments L.P. increased its stake in shares of Cubic Corp. by 3.8% in the second quarter. PineBridge Investments L.P. now owns 2,771 shares of the company’s stock worth $111,000 after buying an additional 101 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Cubic Corp. by 14.2% in the second quarter. Teacher Retirement System of Texas now owns 3,206 shares of the company’s stock worth $129,000 after buying an additional 399 shares during the period. Bank of Montreal Can bought a new stake in shares of Cubic Corp. during the second quarter worth about $130,000. Mason Street Advisors LLC bought a new stake in shares of Cubic Corp. during the second quarter worth about $172,000. Finally, Legal & General Group Plc increased its stake in shares of Cubic Corp. by 5.9% in the first quarter. Legal & General Group Plc now owns 4,870 shares of the company’s stock worth $194,000 after buying an additional 273 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.
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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