Kubota (OTCMKTS:KUBTY) Updates FY 2024 Earnings Guidance

Kubota (OTCMKTS:KUBTY) issued an update on its FY 2024 earnings guidance on Friday morning. 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 Price Performance

Shares of KUBTY traded down $3.10 during trading hours on Friday, reaching $63.85. 20,032 shares of the company’s stock traded hands, compared to its average volume of 39,943. Kubota has a 12 month low of $59.47 and a 12 month 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 stock has a market cap of $15.04 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 4.79 and a beta of 0.97. The firm’s 50 day simple moving average is $68.97 and its 200-day simple moving average is $70.98.

Kubota (OTCMKTS:KUBTY) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $2.13 earnings per share (EPS) 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 business had revenue of $5.16 billion during the quarter. Equities analysts expect that Kubota will post 7.02 EPS for the current 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.