Makita (MKTAY) to Release Earnings on Friday

Makita (OTCMKTS:MKTAY - Get Free Report) is anticipated to post its quarterly earnings results on Friday, April 25th. Analysts expect Makita to post earnings of $0.22 per share and revenue of $186.50 billion for the quarter.

Makita (OTCMKTS:MKTAY - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.58 earnings per share (EPS) for the quarter. Makita had a net margin of 9.09% and a return on equity of 7.52%. On average, analysts expect Makita to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Makita Trading Up 1.0 %

OTCMKTS:MKTAY traded up $0.29 on Wednesday, reaching $29.60. The stock had a trading volume of 13,177 shares, compared to its average volume of 16,868. Makita has a 12-month low of $25.56 and a 12-month high of $39.05. The stock has a market cap of $7.96 billion, a P/E ratio of 17.72 and a beta of 0.65. The company has a 50-day moving average of $31.92 and a 200 day moving average of $31.16.

Analyst Upgrades and Downgrades

MKTAY has been the subject of a number of recent analyst reports. UBS Group upgraded Makita from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 30th. Citigroup cut Makita from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th.

Makita Company Profile

Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sanding, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals.