Kubota (OTCMKTS:KUBTY – Get Free Report) issued its quarterly earnings results on Monday. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.56), Zacks reports. Kubota had a return on equity of 9.12% and a net margin of 8.18%.
Kubota Stock Performance
Shares of KUBTY opened at $81.31 on Monday. The firm’s 50 day moving average is $86.71 and its 200-day moving average is $86.13. The stock has a market capitalization of $18.49 billion, a P/E ratio of 10.71, a P/E/G ratio of 1.05 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.61 and a quick ratio of 1.23. Kubota has a 12-month low of $64.21 and a 12-month high of $107.97.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group downgraded shares of Kubota from a “strong-buy” rating to a “strong sell” rating in a research report on Sunday, October 4th. Morgan Stanley downgraded shares of Kubota from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, September 30th. Finally, Zacks Research downgraded shares of Kubota from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.
Read Our Latest Research Report on KUBTY
About Kubota
Kubota Corporation is a Japanese manufacturer of machinery and infrastructure products. Founded in Osaka in 1890, the company began by producing cast-iron water pipes and has since expanded into agriculture, construction, and environmental systems.
Kubota’s products include tractors, combine harvesters, rice transplanters, farm implements, engines, and compact construction machinery. Its water and environmental businesses provide products and systems such as pipes, pumps, and water-treatment equipment.
Headquartered in Osaka, Kubota serves customers in Japan and international markets, including North America, Europe, and Asia.
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