Wall Street brokerages expect that Cubic Co. (NYSE:CUB) will post sales of $343.34 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Cubic’s earnings, with the highest sales estimate coming in at $348.24 million and the lowest estimate coming in at $338.44 million. Cubic posted sales of $334.68 million during the same quarter last year, which would suggest a positive year over year growth rate of 2.6%. The business is scheduled to report its next quarterly earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Cubic will report full year sales of $343.34 million for the current year, with estimates ranging from $1.53 billion to $1.56 billion. For the next financial year, analysts expect that the business will report sales of $1.69 billion per share, with estimates ranging from $1.66 billion to $1.72 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Cubic.

Cubic (NYSE:CUB) last released its quarterly earnings results on Monday, November 20th. The scientific and technical instruments company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.35. Cubic had a negative return on equity of 1.66% and a negative net margin of 0.75%. The firm had revenue of $445.60 million during the quarter, compared to analysts’ expectations of $436.76 million. During the same period last year, the firm posted ($0.28) EPS. The business’s revenue was up 9.6% on a year-over-year basis.

Several research firms have recently commented on CUB. ValuEngine raised Cubic from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Raymond James Financial raised Cubic from a “market perform” rating to a “strong-buy” rating and lifted their target price for the company from $53.00 to $60.00 in a research note on Friday, September 22nd. Needham & Company LLC reissued a “buy” rating and issued a $56.00 target price (up from $48.00) on shares of Cubic in a research note on Thursday, September 28th. TheStreet raised Cubic from a “c” rating to a “b-” rating in a research note on Tuesday, November 21st. Finally, Zacks Investment Research raised Cubic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Cubic has an average rating of “Hold” and an average target price of $60.60.

Several large investors have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new position in shares of Cubic in the 3rd quarter worth $301,000. Sterling Capital Management LLC boosted its position in shares of Cubic by 112.4% in the 3rd quarter. Sterling Capital Management LLC now owns 38,258 shares of the scientific and technical instruments company’s stock worth $1,951,000 after purchasing an additional 20,249 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Cubic by 2.9% in the 3rd quarter. California Public Employees Retirement System now owns 48,867 shares of the scientific and technical instruments company’s stock worth $2,492,000 after purchasing an additional 1,367 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Cubic in the 3rd quarter worth $159,000. Finally, Intrepid Capital Management Inc. boosted its position in shares of Cubic by 7.6% in the 3rd quarter. Intrepid Capital Management Inc. now owns 14,413 shares of the scientific and technical instruments company’s stock worth $735,000 after purchasing an additional 1,015 shares during the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

Cubic (NYSE:CUB) traded up $0.30 during mid-day trading on Friday, reaching $59.35. The company had a trading volume of 54,095 shares, compared to its average volume of 119,182. Cubic has a 12-month low of $39.58 and a 12-month high of $64.95. The firm has a market cap of $1,614.79, a PE ratio of -144.76 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.65 and a quick ratio of 1.42.

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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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