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Cubic Co. (NYSE:CUB) Short Interest Update

Tuesday, May 4, 2021 | MarketBeat

Cubic Co. (NYSE:CUB) saw a large drop in short interest in April. As of April 15th, there was short interest totalling 1,780,000 shares, a drop of 15.2% from the March 31st total of 2,100,000 shares. Based on an average trading volume of 537,500 shares, the days-to-cover ratio is currently 3.3 days.

A number of research firms recently issued reports on CUB. Zacks Investment Research lowered Cubic from a "buy" rating to a "hold" rating in a research report on Thursday, February 11th. Needham & Company LLC downgraded Cubic from a "buy" rating to a "hold" rating in a report on Tuesday, February 9th. Truist cut Cubic from a "buy" rating to a "hold" rating in a research report on Tuesday, February 9th. William Blair cut Cubic from an "outperform" rating to a "market perform" rating in a research report on Monday, February 8th. Finally, Canaccord Genuity reaffirmed a "hold" rating on shares of Cubic in a research report on Tuesday, March 23rd. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of "Hold" and a consensus price target of $66.36.

Shares of Cubic stock opened at $74.80 on Tuesday. The company has a market capitalization of $2.38 billion, a PE ratio of -575.38 and a beta of 0.89. Cubic has a 12 month low of $31.01 and a 12 month high of $78.13. The company has a current ratio of 1.30, a quick ratio of 1.08 and a debt-to-equity ratio of 0.60. The stock's fifty day simple moving average is $74.08 and its 200 day simple moving average is $66.36.

Cubic (NYSE:CUB) last released its quarterly earnings results on Monday, February 8th. The scientific and technical instruments company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.01 by $0.37. The firm had revenue of $318.80 million for the quarter, compared to the consensus estimate of $329.22 million. Cubic had a positive return on equity of 10.97% and a negative net margin of 0.26%. The company's revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) EPS. Analysts predict that Cubic will post 3.22 EPS for the current fiscal year.

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 12th. Investors of record on Tuesday, March 2nd were issued a dividend of $0.135 per share. This represents a yield of 0.4%. The ex-dividend date was Monday, March 1st. Cubic's payout ratio is currently 8.13%.

Institutional investors have recently bought and sold shares of the stock. Vantage Consulting Group Inc bought a new position in Cubic during the fourth quarter worth about $29,000. Veriti Management LLC bought a new position in Cubic during the fourth quarter worth about $76,000. Crossmark Global Holdings Inc. bought a new position in Cubic during the first quarter worth about $223,000. Lazard Asset Management LLC bought a new position in Cubic during the fourth quarter worth about $193,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Cubic during the fourth quarter worth about $191,000.

About Cubic

Cubic Corporation designs, integrates, and operates systems, products, and services for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) customers worldwide. The company operates through three segments: Cubic Transportation Systems (CTS), Cubic Mission Solutions (CMS), and Cubic Global Defense (CGD) Systems.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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