Kubota (OTCMKTS:KUBTY – Get Free Report) posted its earnings results on Monday. The industrial products company reported $1.44 EPS 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
Shares of KUBTY stock opened at $81.31 on Monday. The company’s 50-day simple moving average is $86.71 and its 200-day simple moving average is $86.13. Kubota has a one year low of $64.21 and a one year high of $107.97. The stock has a market capitalization of $18.49 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.05 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.23 and a current ratio of 1.61.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Zacks Research lowered shares of Kubota from a “strong-buy” rating to a “hold” rating in a report on Friday, October 16th. Morgan Stanley lowered 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 report on Sunday, October 4th. One investment 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, the company presently has an average rating of “Hold”.
Check Out Our Latest Stock Report on KUBTY
About Kubota
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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