Kubota (OTCMKTS:KUBTY) Shares Gap Up on Better-Than-Expected Earnings

Kubota Corp. (OTCMKTS:KUBTY) shares gapped up prior to trading on Thursday following a stronger than expected earnings report. The stock had previously closed at $88.68, but opened at $102.38. Kubota shares last traded at $105.99, with a volume of 1,294 shares changing hands.

The industrial products company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.38. Kubota had a net margin of 5.95% and a return on equity of 6.50%. The business had revenue of $5.30 billion during the quarter, compared to analysts’ expectations of $4.90 billion.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Zacks Research raised Kubota from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. UBS Group raised Kubota from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Three equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Kubota currently has an average rating of “Strong Buy”.

Kubota Stock Performance

The stock has a market cap of $24.10 billion, a price-to-earnings ratio of 20.62 and a beta of 0.92. The firm has a fifty day simple moving average of $75.39 and a 200 day simple moving average of $67.82. The company has a current ratio of 1.68, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51.

About Kubota

Kubota Corporation (OTCMKTS: KUBTY) is a Japanese multinational manufacturer specializing in agricultural machinery, construction equipment, engines and water infrastructure systems. Founded in 1890 and headquartered in Osaka, Japan, the company has grown from its origins as a cast-iron manufacturer into a diversified industrial enterprise. Kubota’s agricultural machinery portfolio includes tractors, combine harvesters, rice transplanters and irrigation equipment, while its construction machinery lineup features compact excavators, wheel loaders and skid-steer loaders.