Brokerages expect Cubic Co. (NYSE:CUB) to announce earnings of $1.02 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Cubic’s earnings. The highest EPS estimate is $1.08 and the lowest is $0.98. Cubic reported earnings of $0.49 per share in the same quarter last year, which would suggest a positive year over year growth rate of 108.2%. The firm is expected to announce its next quarterly earnings report on Monday, November 19th.

According to Zacks, analysts expect that Cubic will report full-year earnings of $0.52 per share for the current fiscal year, with EPS estimates ranging from $0.47 to $0.57. For the next fiscal year, analysts forecast that the company will report earnings of $2.50 per share, with EPS estimates ranging from $2.33 to $2.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Cubic.

Cubic (NYSE:CUB) last released its quarterly earnings results on Wednesday, August 8th. The scientific and technical instruments company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.08). The firm had revenue of $296.21 million during the quarter, compared to the consensus estimate of $280.33 million. Cubic had a net margin of 0.57% and a return on equity of 1.54%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($2.89) earnings per share.

Several analysts recently issued reports on CUB shares. Canaccord Genuity boosted their price target on Cubic from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, August 9th. Drexel Hamilton restated a “buy” rating and issued a $85.00 price target on shares of Cubic in a research note on Thursday, August 30th. Zacks Investment Research upgraded Cubic from a “strong sell” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on Cubic from $66.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, June 15th. Finally, ValuEngine upgraded Cubic from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 8th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $73.17.

In other news, insider David H. Buss sold 2,917 shares of the company’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $74.00, for a total transaction of $215,858.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David F. Melcher bought 1,000 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were bought at an average price of $74.50 per share, with a total value of $74,500.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at approximately $149,000. The disclosure for this purchase can be found here. Corporate insiders own 7.90% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Profund Advisors LLC lifted its position in shares of Cubic by 21.4% during the 1st quarter. Profund Advisors LLC now owns 4,452 shares of the scientific and technical instruments company’s stock valued at $283,000 after acquiring an additional 786 shares during the period. LPL Financial LLC lifted its position in shares of Cubic by 19.7% during the 1st quarter. LPL Financial LLC now owns 4,904 shares of the scientific and technical instruments company’s stock worth $312,000 after buying an additional 808 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Cubic by 2.1% during the 1st quarter. Prudential Financial Inc. now owns 42,496 shares of the scientific and technical instruments company’s stock worth $2,703,000 after buying an additional 870 shares during the last quarter. MetLife Investment Advisors LLC lifted its position in shares of Cubic by 15.5% during the 2nd quarter. MetLife Investment Advisors LLC now owns 12,509 shares of the scientific and technical instruments company’s stock worth $803,000 after buying an additional 1,683 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Cubic by 3.7% during the 2nd quarter. California Public Employees Retirement System now owns 57,700 shares of the scientific and technical instruments company’s stock worth $3,704,000 after buying an additional 2,049 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

CUB traded up $0.70 during trading on Friday, hitting $67.68. The stock had a trading volume of 222,793 shares, compared to its average volume of 164,185. The company has a market capitalization of $1.99 billion, a PE ratio of -165.07 and a beta of 1.04. Cubic has a one year low of $51.35 and a one year high of $77.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.22 and a quick ratio of 1.76.

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 four segments: Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD Systems), Cubic Mission Solutions (CMS), and Cubic Global Defense Services (CGD Services).

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