Cubic (CUB) Releases Quarterly Earnings Results, Misses Estimates By $0.33 EPS
Cubic (NYSE:CUB) released its quarterly earnings results on Tuesday. The scientific and technical instruments company reported ($0.36) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.33), Briefing.com reports. Cubic had a negative return on equity of 1.27% and a negative net margin of 1.21%. The business had revenue of $340.70 million during the quarter, compared to analyst estimates of $338.21 million. During the same quarter last year, the firm posted ($0.11) EPS. The company’s revenue was up 1.8% compared to the same quarter last year.
Cubic (NYSE:CUB) opened at $55.00 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.42 and a current ratio of 1.65. Cubic has a one year low of $39.58 and a one year high of $64.95.
Several research analysts recently commented on CUB shares. Credit Suisse Group reiterated an “outperform” rating and issued a $58.00 price target (up previously from $49.00) on shares of Cubic in a research note on Wednesday, October 11th. Zacks Investment Research cut Cubic from a “hold” rating to a “strong sell” rating in a research note on Monday, November 20th. Raymond James Financial reiterated an “outperform” rating and issued a $62.00 price target (down previously from $64.00) on shares of Cubic in a research note on Friday, January 19th. JPMorgan Chase & Co. cut Cubic from an “overweight” rating to a “neutral” rating and set a $59.00 price target on the stock. in a research note on Monday, November 27th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $64.00 price target (up previously from $55.00) on shares of Cubic in a research note on Tuesday, November 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $61.00.
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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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