$22.45 Million in Sales Expected for CUI Global, Inc. (CUI) This Quarter

Analysts predict that CUI Global, Inc. (NASDAQ:CUI) will post sales of $22.45 million for the current quarter, Zacks reports. Two analysts have made estimates for CUI Global’s earnings. The highest sales estimate is $22.60 million and the lowest is $22.30 million. CUI Global posted sales of $23.26 million during the same quarter last year, which suggests a negative year-over-year growth rate of 3.5%. The business is scheduled to announce its next quarterly earnings report on Wednesday, November 8th.

According to Zacks, analysts expect that CUI Global will report full year sales of $22.45 million for the current year, with estimates ranging from $84.30 million to $85.94 million. For the next year, analysts forecast that the firm will report sales of $125.61 million per share, with estimates ranging from $103.30 million to $147.92 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for CUI Global.

CUI Global (NASDAQ:CUI) last released its quarterly earnings results on Wednesday, August 9th. The industrial products company reported ($0.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.05. CUI Global had a negative return on equity of 16.61% and a negative net margin of 10.29%. The business had revenue of $22.50 million for the quarter, compared to the consensus estimate of $19.96 million. During the same quarter last year, the business posted ($0.07) earnings per share. The company’s revenue for the quarter was down 2.6% on a year-over-year basis.

Several analysts have commented on the stock. ValuEngine upgraded shares of CUI Global from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 10th. HC Wainwright reiterated a “buy” rating and issued a $12.00 price target on shares of CUI Global in a research note on Monday, October 9th. Finally, Zacks Investment Research upgraded shares of CUI Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $9.00.

Hedge funds and other institutional investors have recently made changes to their positions in the company. White Pine Capital LLC raised its position in shares of CUI Global by 1.6% during the 2nd quarter. White Pine Capital LLC now owns 267,278 shares of the industrial products company’s stock valued at $1,026,000 after buying an additional 4,300 shares in the last quarter. WealthTrust Axiom LLC raised its position in shares of CUI Global by 10.5% during the 2nd quarter. WealthTrust Axiom LLC now owns 514,594 shares of the industrial products company’s stock valued at $1,976,000 after buying an additional 48,832 shares in the last quarter. Royce & Associates LP raised its position in shares of CUI Global by 37.0% during the 1st 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 in the last quarter. Vanguard Group Inc. raised its position in shares of CUI Global by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 859,350 shares of the industrial products company’s stock valued at $3,300,000 after buying an additional 6,657 shares in the last quarter. Finally, Marathon Capital Management raised its position in shares of CUI Global by 2.6% during the 2nd quarter. Marathon Capital Management now owns 1,610,792 shares of the industrial products company’s stock valued at $6,185,000 after buying an additional 40,550 shares in the last quarter. Hedge funds and other institutional investors own 55.65% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “$22.45 Million in Sales Expected for CUI Global, Inc. (CUI) This Quarter” was originally reported by Markets Daily and is the property of of Markets Daily. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://www.themarketsdaily.com/2017/10/17/22-45-million-in-sales-expected-for-cui-global-inc-cui-this-quarter.html.

CUI Global (NASDAQ:CUI) traded down 11.33% during midday trading on Wednesday, reaching $3.13. The company’s stock had a trading volume of 290,635 shares. The firm has a 50 day moving average price of $3.64 and a 200 day moving average price of $3.76. CUI Global has a one year low of $3.01 and a one year high of $7.39. The firm’s market cap is $65.71 million.

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).

Get a free copy of the Zacks research report on CUI Global (CUI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for CUI Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CUI Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply