Wall Street brokerages expect CUI Global, Inc. (NASDAQ:CUI) to report earnings per share (EPS) of ($0.12) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for CUI Global’s earnings. The lowest EPS estimate is ($0.15) and the highest is ($0.09). CUI Global posted earnings of ($0.05) per share in the same quarter last year, which suggests a negative year over year growth rate of 140%. The business is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, August 9th.
On average, analysts expect that CUI Global will report full-year earnings of ($0.39) per share for the current fiscal year, with EPS estimates ranging from ($0.46) to ($0.35). For the next financial year, analysts forecast that the firm will post earnings of $0.17 per share, with EPS estimates ranging from ($0.07) to $0.60. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow CUI Global.
CUI Global (NASDAQ:CUI) last announced its earnings results on Wednesday, May 10th. The industrial products company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.10. The business had revenue of $17.80 million for the quarter, compared to analyst estimates of $21.20 million. CUI Global had a negative net margin of 10.10% and a negative return on equity of 15.64%. The firm’s revenue was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.13) earnings per share.
CUI has been the subject of a number of research analyst reports. Ladenburg Thalmann Financial Services initiated coverage on shares of CUI Global in a research report on Wednesday, May 31st. They set a “buy” rating and a $8.00 target price for the company. TheStreet lowered shares of CUI Global from a “c-” rating to a “d+” rating in a research report on Monday, April 17th. Finally, Zacks Investment Research raised shares of CUI Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $9.00.
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Shares of CUI Global (NASDAQ CUI) traded up 0.92% during mid-day trading on Thursday, hitting $3.29. The stock had a trading volume of 30,120 shares. The stock has a 50-day moving average price of $3.58 and a 200 day moving average price of $4.65. CUI Global has a 52 week low of $3.15 and a 52 week high of $7.39. The stock’s market cap is $68.96 million.
In related news, CEO William J. Clough acquired 17,500 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were bought at an average price of $3.28 per share, for a total transaction of $57,400.00. Following the acquisition, the chief executive officer now owns 37,666 shares in the company, valued at approximately $123,544.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders have bought 34,615 shares of company stock worth $118,306. Insiders own 4.67% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Marathon Capital Management increased its position in CUI Global by 9.3% in the first quarter. Marathon Capital Management now owns 1,570,242 shares of the industrial products company’s stock valued at $7,443,000 after buying an additional 133,355 shares during the last quarter. Clear Harbor Asset Management LLC boosted 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 worth $5,610,000 after buying an additional 32,955 shares during the last quarter. Royce & Associates LP boosted its stake in CUI Global by 37.0% in the first quarter. Royce & Associates LP now owns 613,425 shares of the industrial products company’s stock worth $2,908,000 after buying an additional 165,789 shares during the last quarter. WealthTrust Axiom LLC boosted its stake in CUI Global by 10.5% in the second quarter. WealthTrust Axiom LLC now owns 514,594 shares of the industrial products company’s stock worth $1,976,000 after buying an additional 48,832 shares during the last quarter. Finally, Argent Capital Management LLC acquired a new stake in CUI Global during the first quarter worth $840,000. Institutional investors own 63.63% of the company’s stock.
CUI Global Company Profile
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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