Wall Street analysts expect that Cubic Co. (NYSE:CUB) will report sales of $351.88 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Cubic’s earnings, with estimates ranging from $351.46 million to $352.29 million. Cubic posted sales of $343.71 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.4%. The business is scheduled to announce its next quarterly earnings results on Monday, May 14th.

According to Zacks, analysts expect that Cubic will report full-year sales of $351.88 million for the current fiscal year. For the next fiscal year, analysts expect that the company will report sales of $1.69 billion per share, with estimates ranging from $1.64 billion to $1.75 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Cubic.

Cubic (NYSE:CUB) last released its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported ($0.36) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.33). The firm had revenue of $340.70 million during the quarter, compared to the consensus estimate of $338.21 million. Cubic had a negative return on equity of 1.27% and a negative net margin of 1.21%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.11) EPS.

CUB has been the subject of a number of recent research reports. Zacks Investment Research cut Cubic from a “hold” rating to a “strong sell” rating in a report on Monday, November 20th. JPMorgan Chase & Co. cut Cubic from an “overweight” rating to a “neutral” rating and set a $59.00 target price for the company. in a report on Monday, November 27th. Raymond James Financial reiterated an “outperform” rating and issued a $62.00 target price (down previously from $64.00) on shares of Cubic in a report on Friday, January 19th. Canaccord Genuity reiterated a “buy” rating and issued a $64.00 target price (up previously from $55.00) on shares of Cubic in a report on Tuesday, November 21st. Finally, Needham & Company LLC lifted their target price on Cubic from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $61.00.

Several institutional investors have recently made changes to their positions in CUB. Quantbot Technologies LP purchased a new position in shares of Cubic in the 3rd quarter worth approximately $106,000. Cubist Systematic Strategies LLC purchased a new position in Cubic during the 3rd quarter valued at $159,000. Gofen & Glossberg LLC IL purchased a new position in Cubic during the 4th quarter valued at $205,000. Piedmont Investment Advisors LLC purchased a new position in Cubic during the 2nd quarter valued at $250,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Cubic during the 3rd quarter valued at $272,000. Hedge funds and other institutional investors own 90.36% of the company’s stock.

Shares of Cubic (NYSE:CUB) traded up $2.95 during trading on Friday, hitting $57.00. The stock had a trading volume of 532,975 shares, compared to its average volume of 142,054. The stock has a market cap of $1,471.40, a PE ratio of -86.36 and a beta of 1.09. The company has a current ratio of 1.65, a quick ratio of 1.42 and a debt-to-equity ratio of 0.29. Cubic has a 12-month low of $39.58 and a 12-month high of $64.95.

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About Cubic

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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