Cubic (NYSE:CUB) Issues FY19 Earnings Guidance

Cubic (NYSE:CUB) updated its FY19 earnings guidance on Tuesday. The company provided EPS guidance of $3.00-3.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.17. The company issued revenue guidance of $1.44-1.48 billion, compared to the consensus revenue estimate of $1.45 billion.Cubic also updated its FY 2019 guidance to $3.00-3.35 EPS.

Several research firms recently commented on CUB. Zacks Investment Research raised shares of Cubic from a hold rating to a buy rating and set a $74.00 target price for the company in a research note on Wednesday, July 31st. ValuEngine raised shares of Cubic from a hold rating to a buy rating in a research note on Tuesday. Finally, Raymond James upgraded shares of Cubic from an outperform rating to a strong-buy rating and set a $82.00 price target for the company in a research report on Monday, May 13th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $74.58.

Shares of NYSE:CUB traded up $3.00 during mid-day trading on Tuesday, hitting $66.36. The stock had a trading volume of 378,139 shares, compared to its average volume of 260,650. The company has a current ratio of 1.35, a quick ratio of 1.12 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $2.01 billion, a P/E ratio of 103.69 and a beta of 1.19. Cubic has a 12-month low of $50.61 and a 12-month high of $77.35. The firm’s 50 day simple moving average is $65.65.

In other news, Director Edwin A. Guiles purchased 1,000 shares of Cubic stock in a transaction that occurred on Friday, May 17th. The stock was acquired at an average price of $62.28 per share, for a total transaction of $62,280.00. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John H. Warner, Jr. purchased 5,000 shares of Cubic stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $60.25 per share, with a total value of $301,250.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 12,371 shares of company stock valued at $742,609. 0.51% of the stock is owned by insiders.

About Cubic

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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