Cubic Corp. (CUB) Shares Gap Up to $46.81
Cubic Corp. (NYSE:CUB) shares gapped up prior to trading on Friday . The stock had previously closed at $46.60, but opened at $46.81. Cubic Corp. shares last traded at $47.68, with a volume of 32,863 shares traded.
CUB has been the subject of several analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Cubic Corp. in a research report on Wednesday, June 29th. Canaccord Genuity initiated coverage on Cubic Corp. in a research report on Wednesday, June 8th. They issued a “buy” rating and a $48.00 price objective for the company. Zacks Investment Research lowered Cubic Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Cubic Corp. in a research report on Saturday, July 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $47.67.
The company has a market capitalization of $1.30 billion and a PE ratio of 44.54. The stock’s 50-day moving average price is $44.24 and its 200-day moving average price is $40.73.
Cubic Corp. (NYSE:CUB) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.12. The company earned $375.20 million during the quarter, compared to analysts’ expectations of $387.41 million. Cubic Corp.’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.33 EPS. Equities research analysts anticipate that Cubic Corp. will post $0.92 EPS for the current year.
The business also recently disclosed a semiannual dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be given a dividend of $0.135 per share. The ex-dividend date is Monday, August 29th. This represents a dividend yield of 0.65%.
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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