Kubota (OTCMKTS:KUBTY) Announces Quarterly Earnings Results, Beats Estimates By $0.99 EPS

Kubota (OTCMKTS:KUBTY) issued its earnings results on Tuesday. The industrial products company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.99, Zacks reports. Kubota had a return on equity of 7.75% and a net margin of 7.00%.

Kubota Price Performance

OTCMKTS KUBTY opened at $86.20 on Tuesday. The company has a market cap of $19.60 billion, a PE ratio of 13.57, a P/E/G ratio of 2.01 and a beta of 0.94. Kubota has a 52-week low of $55.90 and a 52-week high of $107.97. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.28 and a current ratio of 1.70. The firm’s 50 day moving average price is $86.35 and its 200-day moving average price is $85.75.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Kubota from a “hold” rating to a “strong-buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Kubota has an average rating of “Strong Buy”.

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.