Kubota (OTCMKTS:KUBTY) Shares Gap Down - Here's Why

Key Points

• Kubota Corp. shares opened at $58.91, down from a previous close of $62.36, following gapped trading on Tuesday.
• The company reported $1.54 earnings per share for the last quarter, falling short of analyst expectations of $1.59.
• Despite mixed analyst ratings, Goldman Sachs upgraded the stock to a "strong-buy" while UBS downgraded it to a "hold".

Kubota Corp. (OTCMKTS:KUBTY - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $62.36, but opened at $58.91. Kubota shares last traded at $58.91, with a volume of 529 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on KUBTY. 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 lowered Kubota from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Finally, Zacks Research upgraded Kubota from a "strong sell" rating to a "hold" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Kubota has an average rating of "Moderate Buy".

Kubota Stock Up 0.9%

The company has a quick ratio of 1.25, a current ratio of 1.67 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $57.10 and a two-hundred day simple moving average of $58.56. The company has a market capitalization of $13.93 billion, a price-to-earnings ratio of 11.99, a P/E/G ratio of 5.38 and a beta of 1.04.

Kubota (OTCMKTS:KUBTY - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $1.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The company 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 6.57%. Equities analysts expect that Kubota Corp. will post 5.57 EPS for the current 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.