Kubota (KUBTY) Expected to Announce Quarterly Earnings on Thursday

Kubota (OTCMKTS:KUBTY) is projected to announce its results before the market opens on Thursday, February 12th. Analysts expect the company to announce earnings of $0.89 per share and revenue of $4.9016 billion for the quarter.

Kubota (OTCMKTS:KUBTY) last announced its quarterly earnings data on Friday, November 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.32. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.93 billion. Kubota had a net margin of 5.95% and a return on equity of 6.50%. On average, analysts expect Kubota to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Kubota Stock Up 4.4%

Shares of Kubota stock opened at $82.12 on Thursday. The company has a market cap of $18.67 billion, a P/E ratio of 15.98 and a beta of 0.92. The firm has a fifty day moving average of $73.92 and a two-hundred day moving average of $66.78. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 1.68. Kubota has a one year low of $51.65 and a one year high of $82.40.

Analysts Set New Price Targets

KUBTY has been the subject of several analyst reports. UBS Group raised shares of Kubota from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Zacks Research raised Kubota from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Three research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Kubota currently has a consensus 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.