Kubota (OTCMKTS:KUBTY) Issues FY 2024 Earnings Guidance

Kubota (OTCMKTS:KUBTY) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided EPS guidance of 1.270-1.270 for the period. The company issued revenue guidance of $19.8 billion-$19.8 billion.

Kubota Stock Performance

KUBTY stock opened at $66.95 on Friday. The company has a 50-day simple moving average of $69.16 and a 200 day simple moving average of $71.12. The company has a market capitalization of $15.77 billion, a P/E ratio of 8.97, a PEG ratio of 4.99 and a beta of 0.97. The company has a quick ratio of 1.31, a current ratio of 1.73 and a debt-to-equity ratio of 0.52. Kubota has a fifty-two week low of $59.47 and a fifty-two week high of $85.00.

Kubota (OTCMKTS:KUBTY) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.83. The company had revenue of $5.16 billion during the quarter. Kubota had a net margin of 8.43% and a return on equity of 10.10%. Sell-side analysts predict that Kubota will post 7.02 earnings per share for the current fiscal year.

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.