Kubota Co. (OTCMKTS:KUBTY - Get Free Report) shares crossed below its fifty day moving average during trading on Friday after the company announced weaker than expected quarterly earnings. The stock has a fifty day moving average of $59.73 and traded as low as $54.81. Kubota shares last traded at $55.00, with a volume of 28,097 shares traded.
The industrial products company reported $1.18 EPS for the quarter, missing analysts' consensus estimates of $2.10 by ($0.92). The business had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $5.17 billion. Kubota had a return on equity of 8.73% and a net margin of 7.63%.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group raised Kubota from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th.
Get Our Latest Stock Analysis on Kubota
Kubota Stock Down 1.0%
The stock has a market capitalization of $12.86 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 5.29 and a beta of 1.07. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.65 and a quick ratio of 1.23. The stock has a fifty day moving average price of $59.29 and a 200 day moving average price of $60.74.
About Kubota
(
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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.
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