Kubota (OTCMKTS:KUBTY) Announces Earnings Results, Beats Estimates By $0.32 EPS

Kubota (OTCMKTS:KUBTY) announced its earnings results on Friday. The industrial products company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.32, Zacks reports. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.93 billion. Kubota had a return on equity of 6.50% and a net margin of 5.97%.

Kubota Stock Performance

OTCMKTS:KUBTY opened at $67.47 on Friday. Kubota has a 12 month low of $51.65 and a 12 month high of $71.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.75 and a quick ratio of 1.31. The firm has a market capitalization of $15.58 billion, a PE ratio of 13.41 and a beta of 0.98. The business’s fifty day moving average price is $64.18 and its 200 day moving average price is $59.50.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KUBTY shares. The Goldman Sachs Group raised shares of Kubota from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 5th. Zacks Research cut shares of Kubota from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

About Kubota

Kubota Corporation manufactures and sells agricultural and construction machinery in Japan, North America, Europe, Asia, and internationally. It operates through three segments: Farm & Machinery, Water & Environment, and Others. The Farm & Machinery segment offers tractors, power tillers, combine harvesters, rice transplanters, turf equipment, utility vehicles, other agricultural machinery, implements, attachments, post-harvest machinery, vegetable production equipment, intermediate management machine, and other equipment; cooperative drying, rice seedling, and gardening facilities; scales, weighing and measuring control systems, and air purifier; engines for farm equipment, construction machinery, industrial machinery, and generators; and mini excavators, wheel and skid steer loaders, compact track loaders, and other construction machinery related products.