Brokerages expect that Cubic Corporation (NYSE:CUB) will report $0.07 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for Cubic Corporation’s earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.09. Cubic Corporation reported earnings per share of $0.17 during the same quarter last year, which would indicate a negative year-over-year growth rate of 58.8%. The firm is expected to issue its next quarterly earnings results on Wednesday, August 2nd.

On average, analysts expect that Cubic Corporation will report full-year earnings of $0.16 per share for the current year, with EPS estimates ranging from $0.07 to $0.24. For the next fiscal year, analysts forecast that the company will report earnings of $2.39 per share, with EPS estimates ranging from $2.38 to $2.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Cubic Corporation.

Cubic Corporation (NYSE:CUB) last posted its quarterly earnings data on Monday, May 8th. The scientific and technical instruments company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.06. The company had revenue of $343.71 million during the quarter, compared to analyst estimates of $365.04 million. Cubic Corporation had a negative return on equity of 0.78% and a negative net margin of 0.37%. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 EPS.

A number of analysts have recently weighed in on CUB shares. Needham & Company LLC restated a “buy” rating and issued a $52.00 target price (down from $55.00) on shares of Cubic Corporation in a research note on Tuesday, May 9th. BidaskClub upgraded Cubic Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Zacks Investment Research lowered Cubic Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $54.00.

Shares of Cubic Corporation (CUB) opened at 47.75 on Friday. Cubic Corporation has a 12-month low of $39.50 and a 12-month high of $55.65. The company has a 50-day moving average of $46.67 and a 200 day moving average of $49.04. The firm’s market cap is $1.29 billion.

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Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Cubic Corporation by 45,983.5% in the first quarter. BlackRock Inc. now owns 3,781,155 shares of the scientific and technical instruments company’s stock worth $199,644,000 after buying an additional 3,772,950 shares during the period. Vanguard Group Inc. raised its stake in shares of Cubic Corporation by 4.5% in the first quarter. Vanguard Group Inc. now owns 2,155,681 shares of the scientific and technical instruments company’s stock worth $113,820,000 after buying an additional 92,168 shares during the period. Wellington Management Group LLP raised its stake in shares of Cubic Corporation by 1.1% in the first quarter. Wellington Management Group LLP now owns 2,143,979 shares of the scientific and technical instruments company’s stock worth $113,202,000 after buying an additional 23,380 shares during the period. State Street Corp raised its stake in shares of Cubic Corporation by 5.9% in the first quarter. State Street Corp now owns 739,198 shares of the scientific and technical instruments company’s stock worth $39,032,000 after buying an additional 41,484 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Cubic Corporation by 10.5% in the first quarter. Bank of New York Mellon Corp now owns 337,169 shares of the scientific and technical instruments company’s stock worth $17,802,000 after buying an additional 32,056 shares during the period. Institutional investors own 88.58% of the company’s stock.

About Cubic Corporation

Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).

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