Cubic Corporation (NYSE:CUB) Announces Quarterly Earnings Results

By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock. Meadow Creek Investment Management LLC increased its position in shares of Cubic Corporation by 11.3% in the first quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the scientific and technical instruments company's stock worth $539,000 after buying an additional 200 shares during the period. Wellington Management Group LLP increased its position in Cubic Corporation by 1.1% in the first quarter. State of Alaska Department of Revenue raised its position in Cubic Corporation by 2.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 8,000 shares of the scientific and technical instruments company's stock valued at $384,000 after buying an additional 1,800 shares in the last quarter. Bank of Montreal Can raised its position in Cubic Corporation by 16.3% in the first quarter. Bank of Montreal Can now owns 266,013 shares of the scientific and technical instruments company's stock valued at $14,046,000 after buying an additional 37,359 shares during the last quarter. Hedge funds and other institutional investors own 89.51% of the company's stock.

Hamby Janice M. also bought $5,030 worth of Cubic Corporation (NYSE:CUB) shares. Envestnet Asset Mgmt invested in 0% or 3,052 shares.

Over the past 50 days, Cubic Corporation stock's -12.87% off of the high and -5.22% removed from the low. The stock has a 50 day moving average price of $46.84 and a 200-day moving average price of $49.02. The company has market cap of $1.13 billion.

Cubic Corporation (NYSE:CUB) last announced its earnings results on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) EPS for the quarter, missing the consensus estimate of $0.05 by $0.86, Briefing.com reports.

Among 6 analysts covering Cubic Corporation (NYSE:CUB), 6 have Buy rating, 0 Sell and 0 Hold. The firm had revenue of $361.87 million during the quarter, compared to analysts' expectations of $383.47 million. As of quarter end Frontier Capital Management Co LLC had sold a total of 667 shares trimming its holdings by 0.5%. The business's revenue for the quarter was down 3.6% on a year-over-year basis. Analysts predict that Cubic Corporation will post $0.18 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: "Parametric Portfolio Associates LLC Boosts Position in Cubic Corporation (NYSE:CUB)" was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are viewing this news story on another website, it was stolen and republished in violation of U.S. & worldwide copyright & trademark laws. The original version of this piece of content can be accessed at https://weekherald.com/2017/08/06/cubic-corporation-cub-rating-lowered-to-sell-at-valuengine.html. A number of factors can affect the attractiveness of a stock in the hours between the closing bell and the next day's opening bell. BidaskClub upgraded shares of Cubic Corporation from a "hold" rating to a "buy" rating in a research note on Wednesday, July 12th. Needham & Company LLC reaffirmed a "buy" rating and issued a $52.00 target price (down previously from $55.00) on shares of Cubic Corporation in a report on Tuesday, May 9th. Zacks Investment Research downgraded shares of Cubic Corporation from a "buy" rating to a "hold" rating in a research note on Wednesday, April 12th. On June 8, 2016 Canaccord Genuity began coverage with an initial rating of "Buy" and setting a price target of $48.00.

Cubic Corporation (Cubic), launched on December 13, 1984, designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries.

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