Kubota (OTCMKTS:KUBTY) Downgraded to "Strong Sell" Rating by Zacks Research

Key Points

• Zacks Research has downgraded Kubota (OTCMKTS:KUBTY) from a "hold" rating to a "strong sell" rating, reflecting a significant shift in analyst sentiment.
• The company's latest earnings report showed an EPS of $1.54, which was below the consensus estimate of $1.59, with revenues reported at $5.04 billion.
• Kubota's stock currently has a market cap of $14.44 billion, with a P/E ratio of 12.43 and a consensus rating of "Hold" from analysts.

Kubota (OTCMKTS:KUBTY - Get Free Report) was downgraded by investment analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Tuesday,Zacks.com reports.

Other analysts also recently issued reports about the company. The Goldman Sachs Group upgraded Kubota from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 5th. UBS Group downgraded Kubota from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold".

Kubota Stock Up 0.9%

OTCMKTS:KUBTY traded up $0.55 during mid-day trading on Tuesday, hitting $63.80. The company had a trading volume of 9,965 shares, compared to its average volume of 12,644. The business has a fifty day simple moving average of $59.45 and a 200-day simple moving average of $58.27. The company has a current ratio of 1.75, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. Kubota has a 1 year low of $51.65 and a 1 year high of $74.95. The firm has a market capitalization of $14.73 billion, a price-to-earnings ratio of 12.68 and a beta of 0.95.

Kubota (OTCMKTS:KUBTY - Get Free Report) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.05). The business had revenue of $5.04 billion for the quarter, compared to analyst estimates of $752.88 billion. Kubota had a net margin of 5.97% and a return on equity of 6.50%. Equities analysts forecast that Kubota will post 5.57 earnings per share for the current fiscal year.

About Kubota

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.