Cubic Corporation (CUB) Releases Earnings Results, Misses Expectations By $-0.11 EPS

Cubic Corporation (CUB) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.17 earnings per share for the quarter, missing the analyst consensus estimate by $-0.11. Analysts had a consensus of $0.28. The company posted revenue of $375.20 million in the period, compared to analysts expectations of $384.78 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on Cubic Corporation. Needham Upgraded Cubic Corporation on Aug 1, 2016 to ” Buy”, Price Target of the shares are set at $48.Canaccord Genuity Initiated Cubic Corporation on Jun 8, 2016 to “Buy”, Price Target of the shares are set at $48.

Cubic Corporation closed down -1.04 points or -2.43% at $41.69 with 1,82,089 shares getting traded on Tusday. Post opening the session at $42.84, the shares hit an intraday low of $41.65 and an intraday high of $42.92 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Feb 25, 2016, Bruce G Blakley (director) purchased 200 shares at $33.92 per share price. According to the SEC, on Feb 22, 2016, Bradley H Feldmann (CEO) purchased 3,050 shares at $33.37 per share price. On Feb 18, 2016, John H Jr Warner (director) purchased 3,000 shares at $32.94 per share price, according to the Form-4 filing with the securities and exchange commission.

Cubic Corporation (Cubic) is an international provider of systems and solutions that address the mass transit and global defense markets. The Company operates in three segments: Cubic Transportation Systems (CTS) Mission Support Services (MSS) and Cubic Defense Systems (CDS). As of the September 30 2013 (fiscal 2013) the Company’s CTS business accounted for approximately 38%; MSS and CDS accounted for approximately 62%. CTS specialize in the design development production installation maintenance and operation of automated fare payment and revenue management infrastructure and technologies for transit operators.

Cubic Corporation

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