Cubic Corp. (CUB) Shares Gap Down to $46.81
Cubic Corp. (NYSE:CUB) shares gapped down before the market opened on Monday . The stock had previously closed at $46.60, but opened at $46.81. Cubic Corp. shares last traded at $48.01, with a volume of 117,300 shares trading hands.
A number of research analysts have recently issued reports on CUB shares. Needham & Company LLC raised Cubic Corp. from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Monday, August 1st. Canaccord Genuity reissued a “buy” rating and issued a $50.00 target price on shares of Cubic Corp. in a research note on Thursday, August 11th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of Cubic Corp. in a research note on Saturday, July 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $47.67.
The company has a market capitalization of $1.30 billion and a price-to-earnings ratio of 44.54. The company has a 50 day moving average of $44.13 and a 200 day moving average of $40.68.
Cubic Corp. (NYSE:CUB) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.29 by $0.12. The business had revenue of $375.20 million for the quarter, compared to analyst estimates of $387.41 million. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 EPS. Equities research analysts anticipate that Cubic Corp. will post $0.92 EPS for the current fiscal year.
The business also recently declared a semiannual dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be paid a $0.135 dividend. This represents a yield of 0.65%. The ex-dividend date of this dividend 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).