Cubic Corp. (CUB) Shares Gap Up to $46.81
Cubic Corp. (NYSE:CUB) 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 changing hands.
CUB has been the subject of a number of research reports. Needham & Company LLC raised shares of Cubic Corp. from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Monday, August 1st. Canaccord Genuity reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Cubic Corp. in a research note on Thursday, August 11th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Cubic Corp. in a research note on Saturday, July 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Cubic Corp. has a consensus rating of “Buy” and an average target price of $47.67.
The stock has a market capitalization of $1.30 billion and a price-to-earnings ratio of 44.54. The firm’s 50 day moving average is $44.13 and its 200 day moving average is $40.68.
Cubic Corp. (NYSE:CUB) last released its 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. During the same quarter last year, the firm posted $0.33 EPS. The business had revenue of $375.20 million for the quarter, compared to the consensus estimate of $387.41 million. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities 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 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.
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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