Kubota (KUBTY) to Release Earnings on Friday

Kubota (OTCMKTS:KUBTY) will likely be issuing its results before the market opens on Friday, November 14th. Analysts expect the company to announce earnings of $1.16 per share and revenue of $4.9297 billion for the quarter.

Kubota (OTCMKTS:KUBTY) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.05). Kubota had a return on equity of 6.50% and a net margin of 5.97%.The firm had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $752.88 billion. On average, analysts expect Kubota to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Kubota Price Performance

Shares of Kubota stock opened at $64.24 on Friday. The firm has a market cap of $14.83 billion, a PE ratio of 12.77 and a beta of 0.98. The stock has a 50 day moving average of $63.99 and a 200 day moving average of $59.42. The company has a current ratio of 1.75, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. Kubota has a 12 month low of $51.65 and a 12 month high of $71.15.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. The Goldman Sachs Group upgraded Kubota from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 5th. Zacks Research downgraded shares of Kubota from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, 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.