Kubota (OTCMKTS:KUBTY) Updates FY 2024 Earnings Guidance

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

Kubota Stock Down 4.6 %

Shares of KUBTY stock traded down $3.10 during trading hours on Friday, hitting $63.85. 20,032 shares of the company were exchanged, compared to its average volume of 39,943. Kubota has a 52 week low of $59.47 and a 52 week high of $85.00. The company has a current ratio of 1.73, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average of $68.97 and a two-hundred day moving average of $70.98. The company has a market capitalization of $15.04 billion, a PE ratio of 8.86, a PEG ratio of 4.79 and a beta of 0.97.

Kubota (OTCMKTS:KUBTY) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.83. Kubota had a net margin of 8.43% and a return on equity of 10.10%. The company had revenue of $5.16 billion for the quarter. Analysts anticipate 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.