Cubic Corp. (NYSE:CUB)’s share price traded down 2.4% during trading on Friday . The company traded as low as $46.45 and last traded at $46.47, with a volume of 107,411 shares trading hands. The stock had previously closed at $47.63.

A number of equities analysts have recently commented on the stock. Canaccord Genuity restated a “buy” rating and issued a $50.00 price objective on shares of Cubic Corp. in a research report on Thursday, August 11th. Needham & Company LLC upgraded 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. Credit Suisse Group AG reiterated a “buy” rating on shares of Cubic Corp. in a research report on Saturday, July 9th. Finally, Zacks Investment Research lowered shares of Cubic Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $47.67.

The firm has a market cap of $1.26 billion and a PE ratio of 43.16. The company has a 50-day moving average of $42.30 and a 200-day moving average of $39.84.

Cubic Corp. (NYSE:CUB) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.12. The firm had revenue of $375.20 million for the quarter, compared to analysts’ expectations of $387.41 million. During the same period in the prior year, the firm earned $0.33 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. On average, analysts predict that Cubic Corp. will post $0.92 EPS for the current fiscal year.

The firm also recently declared a semiannual dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.135 per share. This represents a dividend yield of 0.65%. The ex-dividend date is Monday, August 29th.

An institutional investor recently bought a new stake in Cubic Corp. stock. Marshall Wace LLP bought a new stake in Cubic Corp. (NYSE:CUB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 56,818 shares of the company’s stock, valued at approximately $2,685,000. Marshall Wace LLP owned 0.21% of Cubic Corp. at the end of the most recent reporting period.

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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