Media headlines about Cubic Corporation (NYSE:CUB) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cubic Corporation earned a news impact score of 0.13 on Accern’s scale. Accern also gave news articles about the scientific and technical instruments company an impact score of 46.8449142402081 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Cubic Corporation (NYSE:CUB) opened at 42.35 on Friday. The stock’s market cap is $1.15 billion. Cubic Corporation has a 12 month low of $39.50 and a 12 month high of $55.65. The stock’s 50 day moving average price is $45.76 and its 200-day moving average price is $48.53.
Cubic Corporation (NYSE:CUB) last posted its earnings results on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.86. The firm had revenue of $361.87 million for the quarter, compared to analysts’ expectations of $383.47 million. Cubic Corporation had a negative return on equity of 4.74% and a negative net margin of 2.20%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Equities research analysts predict that Cubic Corporation will post ($0.58) EPS for the current year.
The company also recently announced a semiannual dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a yield of 0.62%. Cubic Corporation’s payout ratio is -22.69%.
Several equities research analysts have commented on the company. Canaccord Genuity lowered their price objective on Cubic Corporation from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. Zacks Investment Research lowered Cubic Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, August 7th. Needham & Company LLC restated a “buy” rating and issued a $48.00 price objective (down previously from $52.00) on shares of Cubic Corporation in a research report on Wednesday, August 9th. BidaskClub upgraded Cubic Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Finally, ValuEngine lowered Cubic Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $53.40.
Cubic Corporation Company Profile
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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