Cubic (NYSE:CUB) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.10-3.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.97. The company issued revenue guidance of $1.58-1.64 billion, compared to the consensus revenue estimate of $1.59 billion.
NYSE:CUB traded up $0.86 on Wednesday, hitting $73.61. 247,750 shares of the stock were exchanged, compared to its average volume of 258,617. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 115.02 and a beta of 1.21. Cubic has a 52 week low of $50.61 and a 52 week high of $75.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.30. The company’s 50-day moving average price is $71.29 and its 200 day moving average price is $66.75.
Several equities research analysts have recently commented on CUB shares. ValuEngine upgraded shares of Cubic from a hold rating to a buy rating in a research report on Wednesday, November 6th. Zacks Investment Research raised shares of Cubic from a sell rating to a hold rating in a research note on Tuesday, October 8th. SunTrust Banks started coverage on shares of Cubic in a report on Thursday, September 5th. They issued a hold rating and a $74.00 price objective on the stock. Finally, TheStreet raised shares of Cubic from a c rating to a b- rating in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $74.50.
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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