Cubic Co. (NYSE:CUB) declared a Semi-Annual dividend on Monday, February 17th, Zacks reports. Shareholders of record on Monday, March 2nd will be paid a dividend of 0.135 per share by the scientific and technical instruments company on Thursday, March 12th. This represents a dividend yield of 0.4%. The ex-dividend date is Friday, February 28th.
Cubic has a payout ratio of 8.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cubic to earn $4.29 per share next year, which means the company should continue to be able to cover its $0.27 annual dividend with an expected future payout ratio of 6.3%.
Shares of CUB opened at $57.47 on Thursday. The firm has a market cap of $1.79 billion, a PE ratio of 18.36 and a beta of 1.14. The company’s fifty day moving average is $65.84 and its two-hundred day moving average is $67.53. Cubic has a fifty-two week low of $53.08 and a fifty-two week high of $75.20. The company has a quick ratio of 1.13, a current ratio of 1.37 and a debt-to-equity ratio of 0.36.
Cubic (NYSE:CUB) last announced its quarterly earnings results on Wednesday, February 5th. The scientific and technical instruments company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.01). Cubic had a net margin of 2.35% and a return on equity of 6.77%. The company had revenue of $328.84 million during the quarter, compared to analyst estimates of $322.47 million. During the same quarter last year, the business earned ($0.23) EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Cubic will post 3.41 earnings per share for the current year.
A number of equities analysts have recently commented on the stock. TheStreet downgraded shares of Cubic from a “b-” rating to a “c” rating in a research note on Monday, February 10th. SunTrust Banks raised shares of Cubic from a “hold” rating to a “buy” rating and raised their target price for the company from $70.00 to $75.00 in a research note on Wednesday, January 8th. Zacks Investment Research raised shares of Cubic from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. ValuEngine downgraded shares of Cubic from a “buy” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. downgraded shares of Cubic from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $78.00 to $67.00 in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $74.00.
In other news, Director Maureen Breakiron-Evans purchased 1,665 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average price of $59.96 per share, with a total value of $99,833.40. Following the purchase, the director now directly owns 3,406 shares of the company’s stock, valued at approximately $204,223.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Bradley H. Feldmann purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were purchased at an average cost of $63.26 per share, for a total transaction of $63,260.00. Following the purchase, the chief executive officer now directly owns 71,880 shares in the company, valued at $4,547,128.80. The disclosure for this purchase can be found here. Insiders have purchased a total of 3,065 shares of company stock worth $186,909 in the last ninety days. 0.58% of the stock is currently owned by insiders.
Cubic Corporation provides various integrated solutions worldwide. Its solutions enhance the situational understanding for transportation, defense, and training customers, as well as for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) customers. The company operates through three segments: Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD), and Cubic Mission Solutions (CMS).
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