Zacks: Brokerages Expect CUI Global, Inc. (CUI) Will Announce Earnings of -$0.07 Per Share
Brokerages forecast that CUI Global, Inc. (NASDAQ:CUI) will announce earnings of ($0.07) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for CUI Global’s earnings. The highest EPS estimate is ($0.05) and the lowest is ($0.09). CUI Global reported earnings per share of ($0.12) during the same quarter last year, which would suggest a positive year-over-year growth rate of 41.7%. The company is expected to issue its next quarterly earnings report on Tuesday, March 13th.
According to Zacks, analysts expect that CUI Global will report full-year earnings of ($0.39) per share for the current year, with EPS estimates ranging from ($0.45) to ($0.34). For the next year, analysts anticipate that the business will report earnings of $0.15 per share, with EPS estimates ranging from ($0.08) to $0.67. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover CUI Global.
Several research firms have recently issued reports on CUI. Zacks Investment Research lowered CUI Global from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. HC Wainwright set a $12.00 price target on CUI Global and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Finally, ValuEngine upgraded CUI Global from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.00.
In related news, CFO Daniel Ned Ford purchased 12,500 shares of CUI Global stock in a transaction dated Thursday, October 19th. The shares were acquired at an average cost of $2.80 per share, for a total transaction of $35,000.00. Following the transaction, the chief financial officer now directly owns 49,554 shares of the company’s stock, valued at $138,751.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders bought a total of 20,000 shares of company stock worth $56,000 over the last 90 days. 5.23% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Marathon Capital Management lifted its holdings in CUI Global by 2.6% during the second quarter. Marathon Capital Management now owns 1,610,792 shares of the industrial products company’s stock worth $6,185,000 after acquiring an additional 40,550 shares in the last quarter. WealthTrust Axiom LLC lifted its holdings in CUI Global by 10.5% during the second quarter. WealthTrust Axiom LLC now owns 514,594 shares of the industrial products company’s stock worth $1,976,000 after acquiring an additional 48,832 shares in the last quarter. Royce & Associates LP lifted its holdings in CUI Global by 54.6% during the second quarter. Royce & Associates LP now owns 948,607 shares of the industrial products company’s stock worth $3,643,000 after acquiring an additional 335,182 shares in the last quarter. White Pine Capital LLC lifted its holdings in CUI Global by 1.6% during the second quarter. White Pine Capital LLC now owns 267,278 shares of the industrial products company’s stock worth $1,026,000 after acquiring an additional 4,300 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in CUI Global by 0.8% during the second quarter. Vanguard Group Inc. now owns 859,350 shares of the industrial products company’s stock worth $3,300,000 after acquiring an additional 6,657 shares in the last quarter. Hedge funds and other institutional investors own 46.02% of the company’s stock.
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Shares of CUI Global (NASDAQ CUI) traded down $0.06 on Friday, reaching $2.75. The company’s stock had a trading volume of 214,968 shares, compared to its average volume of 299,927. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.73 and a current ratio of 1.39. CUI Global has a 52-week low of $2.48 and a 52-week high of $7.39.
CUI Global Company Profile
CUI Global, Inc is a platform company. The Company’s segments include Power and Electromechanical, Energy and Other. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc (CUI), CUI Japan and CUI-Canada, Inc, which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs).
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