Kubota (OTCMKTS:KUBTY) Posts Earnings Results, Beats Expectations By $0.99 EPS

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

Kubota Price Performance

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

Wall Street Analyst Weigh In

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

Kubota Company Profile

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.