Equities research analysts predict that CUI Global Inc (NASDAQ:CUI) will announce ($0.10) earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for CUI Global’s earnings, with the highest EPS estimate coming in at ($0.02) and the lowest estimate coming in at ($0.15). CUI Global posted earnings per share of ($0.05) in the same quarter last year, which would suggest a negative year-over-year growth rate of 100%. The business is scheduled to issue its next quarterly earnings results on Monday, August 14th.
According to Zacks, analysts expect that CUI Global will report full year earnings of ($0.31) per share for the current year, with EPS estimates ranging from ($0.46) to ($0.01). For the next year, analysts forecast that the business will post earnings of $0.19 per share, with EPS estimates ranging from ($0.07) to $0.60. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow CUI Global.
CUI Global (NASDAQ:CUI) last issued its quarterly earnings data on Wednesday, May 10th. The industrial products company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.10. CUI Global had a negative return on equity of 8.96% and a negative net margin of 6.75%. The firm had revenue of $17.80 million during the quarter, compared to analyst estimates of $21.20 million. During the same quarter in the prior year, the firm earned ($0.13) EPS. The business’s quarterly revenue was down 14.0% compared to the same quarter last year.
A number of research firms recently issued reports on CUI. Zacks Investment Research lowered shares of CUI Global from a “hold” rating to a “sell” rating in a research note on Friday, March 17th. HC Wainwright reiterated a “buy” rating and issued a $12.00 target price on shares of CUI Global in a research note on Monday, March 20th. TheStreet lowered shares of CUI Global from a “c-” rating to a “d+” rating in a research note on Monday, April 17th. Finally, Ladenburg Thalmann Financial Services initiated coverage on shares of CUI Global in a research report on Wednesday, May 31st. They issued a “buy” rating and a $8.00 price target on the stock. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $9.00.
Hedge funds have recently bought and sold shares of the company. Royce & Associates LP raised its stake in CUI Global by 25.2% in the fourth quarter. Royce & Associates LP now owns 447,636 shares of the industrial products company’s stock valued at $3,102,000 after buying an additional 90,000 shares in the last quarter. Cortina Asset Management LLC raised its stake in CUI Global by 54.4% in the fourth quarter. Cortina Asset Management LLC now owns 476,571 shares of the industrial products company’s stock valued at $3,303,000 after buying an additional 167,857 shares in the last quarter. Argent Capital Management LLC bought a new stake in CUI Global during the first quarter valued at about $840,000. Clear Harbor Asset Management LLC raised its stake in CUI Global by 2.9% in the first quarter. Clear Harbor Asset Management LLC now owns 1,183,447 shares of the industrial products company’s stock valued at $5,610,000 after buying an additional 32,955 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in CUI Global by 14.2% in the first quarter. Dimensional Fund Advisors LP now owns 27,808 shares of the industrial products company’s stock valued at $132,000 after buying an additional 3,453 shares in the last quarter. Institutional investors own 63.27% of the company’s stock.
Shares of CUI Global (CUI) traded up 3.69% during trading on Wednesday, reaching $3.37. 63,414 shares of the company’s stock were exchanged. CUI Global has a 52-week low of $3.20 and a 52-week high of $7.39. The firm’s market capitalization is $70.64 million. The company has a 50 day moving average of $3.93 and a 200 day moving average of $5.46.
About CUI Global
CUI Global, Inc is a platform company. The Company’s segments include Power and Electromechanical, Energy and Other. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc (CUI), CUI Japan and CUI-Canada, Inc, which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs).
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