Kubota (KUBTY) to Release Quarterly Earnings on Wednesday

Key Points

• Kubota is set to announce its quarterly earnings on August 6th, with analysts predicting earnings of $1.59 per share and revenue of $752.88 billion.
• In its last earnings report on May 9th, Kubota missed expectations, reporting $1.18 earnings per share compared to the expected $2.10.
• UBS Group has downgraded Kubota's rating from "strong-buy" to "hold" as of May 20th.

Kubota (OTCMKTS:KUBTY - Get Free Report) is expected to be releasing its earnings data before the market opens on Wednesday, August 6th. Analysts expect Kubota to post earnings of $1.59 per share and revenue of $752.88 billion for the quarter.

Kubota (OTCMKTS:KUBTY - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The industrial products company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $2.10 by ($0.92). The business had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $5.17 billion. Kubota had a net margin of 6.71% and a return on equity of 7.37%. On average, analysts expect Kubota to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Kubota Stock Performance

KUBTY stock traded up $0.80 during midday trading on Friday, hitting $56.86. The stock had a trading volume of 19,542 shares, compared to its average volume of 21,260. The firm has a market capitalization of $13.13 billion, a price-to-earnings ratio of 10.12, a P/E/G ratio of 5.12 and a beta of 1.04. The stock has a 50-day simple moving average of $55.78 and a 200 day simple moving average of $58.64. Kubota has a 52 week low of $51.65 and a 52 week high of $74.95. The company has a current ratio of 1.67, a quick ratio of 1.25 and a debt-to-equity ratio of 0.51.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered Kubota from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th.

Kubota Company Profile

Kubota Corporation manufactures and sells agricultural and construction machinery in Japan, North America, Europe, Asia, and internationally. It operates through three segments: Farm & Machinery, Water & Environment, and Others. The Farm & Machinery segment offers tractors, power tillers, combine harvesters, rice transplanters, turf equipment, utility vehicles, other agricultural machinery, implements, attachments, post-harvest machinery, vegetable production equipment, intermediate management machine, and other equipment; cooperative drying, rice seedling, and gardening facilities; scales, weighing and measuring control systems, and air purifier; engines for farm equipment, construction machinery, industrial machinery, and generators; and mini excavators, wheel and skid steer loaders, compact track loaders, and other construction machinery related products.