Makita (OTCMKTS:MKTAY - Get Free Report) released its quarterly earnings results on Monday. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.22 by $0.21, Zacks reports. Makita had a net margin of 9.09% and a return on equity of 7.52%.
Makita Stock Up 2.2 %
MKTAY opened at $30.98 on Monday. Makita has a twelve month low of $25.56 and a twelve month high of $39.05. The company has a market cap of $8.33 billion, a PE ratio of 18.55 and a beta of 0.65. The company has a 50-day moving average price of $31.89 and a 200 day moving average price of $31.07.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the company. UBS Group upgraded Makita from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 30th. Citigroup downgraded Makita from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th.
Read Our Latest Report on MKTAY
About Makita
(
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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.
Further Reading
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