Last $45.10 USD
Change Today -0.13 / -0.29%
Volume 30.5K
CUB On Other Exchanges
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As of 2:48 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

cubic corp (CUB) Snapshot

Open
$45.05
Previous Close
$45.23
Day High
$45.17
Day Low
$45.00
52 Week High
11/29/13 - $56.92
52 Week Low
08/5/14 - $40.69
Market Cap
1.2B
Average Volume 10 Days
101.4K
EPS TTM
$1.22
Shares Outstanding
26.8M
EX-Date
08/7/14
P/E TM
36.9x
Dividend
$0.24
Dividend Yield
0.53%
Current Stock Chart for CUBIC CORP (CUB)

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cubic corp (CUB) Details

Cubic Corporation designs, develops, manufactures, and sells mass transit fare collection systems, air and ground combat training systems, and secure communications products for various federal and regional government agencies in the United States and internationally. It operates in three segments: Cubic Transportation Systems (CTS), Mission Support Services (MSS), and Cubic Defense Systems (CDS). The CTS segment provides fare collection devices, software, systems and multiagency, multimodal integration technologies, and operational services for public transportation authorities and operators. It also offers various services, including computer hosting, call center and Web, payment media issuance and distribution, retail point of sale network management, payment processing, financial clearing and settlement, software application support, and outsourced asset operations and maintenance services. The MSS segment offers support services, such as live, virtual, and constructive training; real-world mission rehearsal exercises; professional military education; intelligence support, information technology, information assurance, and related cyber support; military doctrine development; consequence management, infrastructure protection, and force protection; risk mitigation, and subject matter and operational services for law enforcement and homeland security clients; and support services for field operations, force deployment and redeployment, and logistics. The CDS segment provides military range instrumentation, laser based training, virtual simulation, and game-based synthetic training systems, as well as involved in live-fire range design and maintenance activities; and communications products, including datalinks, power amplifiers, avionics systems, multi-band communication tracking devices, and cross domain hardware solutions to address multi-level security requirements. The company was founded in 1949 and is headquartered in San Diego, California.

8,200 Employees
Last Reported Date: 05/12/14
Founded in 1949

cubic corp (CUB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $559.7K
Executive Chairman
Total Annual Compensation: $559.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $459.6K
Executive Vice President and President of Cub...
Total Annual Compensation: $460.5K
Senior Vice President and Corporate Controlle...
Total Annual Compensation: $347.5K
Compensation as of Fiscal Year 2013.

cubic corp (CUB) Key Developments

Cubic Corporation Appoints Suzanne Hatcher as Director of Corporate Communications

Cubic Corporation announced the appointment of Suzanne Hatcher as director of corporate communications. Hatcher will lead Cubic s corporate communications and public relations function, and report to Jay Thomas, executive vice president and chief financial officer of the company. In this role, Hatcher will be responsible for further developing Cubic's corporate external, internal and marketing communication strategies, to ensure consistent messages are delivered in a well-coordinated manner across various stakeholders. Hatcher joins Cubic from Life Technologies, where she served in a global role as director of corporate communications and public relations.

Cubic Corporation Wins $1.8 Million Contract to Supply Common Data Link for Small Unmanned Aircraft Systems

Cubic Corporation announced that it has been awarded a contract valued at $1.8 million from Idaho National Laboratory to perform Phase one of a two-phase program to provide a common data link (CDL) for unmanned platforms, specifically Small Unmanned Aircraft Systems (SUAS). Idaho National Laboratory is a science-based applied engineering national laboratory dedicated to supporting the U.S. Department of Energy's missions in nuclear and energy research, science and national defense. Phase one of the CDL for SUAS program requires the five companies selected, including Cubic, to complete a specified portion of the waveform development for a next-generation CDL known as Bandwidth Efficient Common Data Link (BE-CDL Rev B). The BE-CDL Rev B system will be used for the communication of Intelligence, Surveillance, and Reconnaissance (ISR) and Command/Control (C2) data from unmanned aircraft to other military communications devices. Cubic’s CDL system is extremely versatile and has received the Joint Interoperability Test Command (JITC) specification compliance verification. The development and deployment of this system will ensure SUAS ISR and C2 data transmissions are secure and expeditious, while using a narrower swath of RF frequencies than the standard CDL (STD-CDL) more commonly used. BE-CDL Rev B will maintain full CDL capability and transmit full-motion video and sensor feeds from unmanned aircraft. It is anticipated in the future a significant number of U.S. ISR platforms will support BE-CDL Rev B. Cubic’s top priority is the satisfaction of customers and goal is to exceed operational requirements while yielding a lowest-cost, best-value communications system.

Cubic Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter Ended Nine Months Ended June 30, 2014; Provides Revenue Guidance for the Third Quarter Ending September, 2014; Revises Earnings Guidance for the Fiscal Year 2014

Cubic Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company’s net sales were $340.4 million compared to $337.2 million in 2013, an increase of 1%. Operating income was $19.2 million compared to $26.9 million a year ago. Income before income taxes was $17,208,000 against $25,697,000 a year ago. Net income attributable to company was $12.2 million or $0.45 per diluted share compared to $18.4 million or $0.69 per basic and diluted share a year ago. Net cash provided by operating activities was $66,036,000 against $49,141,000 a year ago. Purchases of property, plant and equipment was $2,589,000 against $2,348,000 a year ago. Non-GAAP adjusted EBITDA was $26.7 million compared to $33.3 million a year ago. For the nine months, the company’s net sales were $1.002 billion compared to $1.021 billion a year ago. Operating income was $53.2 million against $84.8 million a year ago. Income before income taxes was $77,976,000 against $100,499,000 a year ago. Income before income taxes was $50,005,000 against $82,858,000 a year ago. Net income attributable to the company was $36.7 million or $1.36 per diluted share, compared to $62.3 million or $2.33 per basic and diluted share a year ago. Net cash provided by operating activities was $36,737,000 against net cash used in operating activities of $6,830,000 a year ago. Purchases of property, plant and equipment was $13,536,000 against $6,209,000 a year ago. Non-GAAP adjusted EBITDA was $76.0 million against $102.8 million a year ago. The company provided earnings guidance for the third quarter ending in September, 2014. For the period, the company expects revenue to be in the range between $1.39 and 1.42 billion. For the fiscal year 2014, the company revised earnings per share guidance from a previous range of $2.60 to $2.75, and the $2.30 to $2.60. The company also revised revenue guidance from the previous range of $1.42 billion to $1.45 billion for the year, and the $1.39 billion to $1.42 billion. The primary factors for the revision are Mission Support Services sales have continued to be adversely impacted by the slowdown in U.S. Government spending through the third quarter and the transportation segment incurred an increase in the cost to complete the Vancouver project.

 

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Industry Analysis

CUB

Industry Average

Valuation CUB Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book 1.6x
Price/Cash Flow 57.6x
TEV/Sales 0.7x
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