Cubic Corporation (NYSE:CUB) Given Price Target Of $50.5


As per Cubic Corporation (NYSE:CUB)’s news release on 2016-08-01, its shareholders will get cash dividend of $0.135 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-31 and 2016-09-15, respectively.

The stock will commence trading ex-dividend from 2016-08-29, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Cubic Corporation (NYSE:CUB) disbursed $0.135 in dividend compared to distribution of $0.135, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 12.5%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Cubic Corporation (NYSE:CUB) to attain a price target of $50.5. It is an average estimate figure given by 4 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $58. The low price range is set at $48 for next year while the arithmetic mean is seen at 1.5.

Eyeing Earnings Cubic Corporation (NYSE:CUB) is likely to post quarterly numbers around 2016-11-28 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.56 for the period ending on 2016-09-30.

In last quarter ended 2015-09-30, Cubic Corporation (NYSE:CUB) earnings came at $0.17 suggesting a deviation of $-0.47. The brokerages targeted EPS of $0.64 for the quarter.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

Click Here to See This Now.

(Visited 17 times, 1 visits today)