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

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

Kubota Stock Up 5.0%

Shares of Kubota stock traded up $3.23 during trading on Friday, reaching $67.47. The company had a trading volume of 8,502 shares, compared to its average volume of 36,229. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.75. Kubota has a fifty-two week low of $51.65 and a fifty-two week high of $71.15. The firm’s fifty day moving average is $64.18 and its 200-day moving average is $59.49. The company has a market cap of $15.58 billion, a price-to-earnings ratio of 13.41 and a beta of 0.98.

Analyst Upgrades and Downgrades

KUBTY has been the subject of a number of analyst reports. The Goldman Sachs Group raised shares of Kubota from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 5th. Zacks Research cut Kubota from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently 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.