Brokerages expect CUI Global, Inc. (NASDAQ:CUI) to report $19.76 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for CUI Global’s earnings, with the lowest sales estimate coming in at $16.97 million and the highest estimate coming in at $21.50 million. CUI Global posted sales of $23.14 million in the same quarter last year, which suggests a negative year over year growth rate of 14.6%. The business is scheduled to report its next earnings report on Monday, August 14th.
On average, analysts expect that CUI Global will report full year sales of $19.76 million for the current fiscal year, with estimates ranging from $84.30 million to $85.30 million. For the next fiscal year, analysts expect that the business will post sales of $119.30 million per share, with estimates ranging from $100.00 million to $154.59 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for CUI Global.
CUI Global (NASDAQ:CUI) last issued its quarterly earnings results on Wednesday, May 10th. The industrial products company reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.10. The business had revenue of $17.80 million during 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 company’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.13) earnings per share.
A number of research firms have recently weighed in on CUI. Zacks Investment Research raised shares of CUI Global from a “sell” rating to a “hold” rating in a research report on Monday, April 3rd. Ladenburg Thalmann Financial Services began coverage on shares of CUI Global in a research report on Wednesday, May 31st. They issued a “buy” rating and a $8.00 target price on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 target price on shares of CUI Global in a research report on Monday, March 20th. Finally, TheStreet downgraded shares of CUI Global from a “c-” rating to a “d+” rating in a research report on Monday, April 17th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. CUI Global presently has a consensus rating of “Buy” and a consensus price target of $9.00.
Shares of CUI Global (NASDAQ:CUI) opened at 3.7900 on Wednesday. The firm’s market capitalization is $79.44 million. The company’s 50-day moving average price is $3.55 and its 200-day moving average price is $5.13. CUI Global has a 52-week low of $3.17 and a 52-week high of $7.39.
In other CUI Global news, CEO William J. Clough bought 17,500 shares of CUI Global stock in a transaction dated Thursday, June 15th. The shares were purchased at an average cost of $3.28 per share, with a total value of $57,400.00. Following the transaction, the chief executive officer now directly owns 37,666 shares of the company’s stock, valued at $123,544.48. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 34,615 shares of company stock worth $118,306 over the last ninety days. Insiders own 4.67% of the company’s stock.
A number of hedge funds have recently made changes to their positions in CUI. Marathon Capital Management increased its stake in shares of 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 period. Clear Harbor Asset Management LLC increased its stake in shares of 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 during the period. Royce & Associates LP increased its stake in shares of CUI Global by 37.0% in the first quarter. Royce & Associates LP now owns 613,425 shares of the industrial products company’s stock valued at $2,908,000 after buying an additional 165,789 shares during the period. Argent Capital Management LLC purchased a new stake in shares of CUI Global during the first quarter valued at approximately $840,000. Finally, Croft Leominster Inc. increased its stake in shares of CUI Global by 4.0% in the first quarter. Croft Leominster Inc. now owns 153,330 shares of the industrial products company’s stock valued at $727,000 after buying an additional 5,930 shares during the period. 63.68% of the stock is currently owned by institutional investors.
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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