Kubota (OTCMKTS:KUBTY – Get Free Report) posted its quarterly earnings results on Monday. The industrial products company reported $1.44 earnings per share 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
OTCMKTS:KUBTY opened at $81.31 on Monday. Kubota has a 12-month low of $64.21 and a 12-month high of $107.97. The company has a quick ratio of 1.23, a current ratio of 1.61 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $18.49 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 1.05 and a beta of 1.03. The firm has a 50-day moving average price of $86.71 and a 200 day moving average price of $86.13.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on KUBTY. Zacks Research cut shares of Kubota from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 16th. Morgan Stanley downgraded shares of Kubota from an “equal weight” rating to an “underweight” rating in a report on Wednesday, September 30th. Finally, The Goldman Sachs Group lowered shares of Kubota from a “strong-buy” rating to a “strong sell” rating in a research note on Sunday, October 4th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Kubota presently has an average rating of “Hold”.
Read Our Latest Stock Report on KUBTY
Kubota Company Profile
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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