Makita (MKTAY) to Release Earnings on Tuesday

Makita (OTCMKTS:MKTAY) is projected to post its resultson Tuesday, April 28th. Analysts expect Makita to post earnings of $0.4369 per share and revenue of $1.2651 billion for the quarter.

Makita (OTCMKTS:MKTAY) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. Makita had a return on equity of 7.85% and a net margin of 9.96%.The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.19 billion.

Makita Stock Performance

Shares of MKTAY stock opened at $33.21 on Friday. The business’s fifty day moving average is $35.18 and its 200 day moving average is $32.67. Makita has a 52-week low of $26.76 and a 52-week high of $41.20. The company has a market capitalization of $8.78 billion, a PE ratio of 17.57 and a beta of 0.60.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MKTAY shares. The Goldman Sachs Group cut shares of Makita from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Wall Street Zen raised shares of Makita from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Makita currently has a consensus rating of “Sell”.

Makita Company Profile

Makita Corporation (OTCMKTS:MKTAY) is a global manufacturer of professional and consumer power tools headquartered in Anjō, Aichi Prefecture, Japan. Founded in 1915 as an electric motor sales and repair company, it incorporated as Makita Electric Works, Ltd. in 1958 and has since expanded its product portfolio to serve both industrial and residential markets. The company’s core business activities encompass the design, production and distribution of power tools, outdoor power equipment and accessories.

Makita’s product lineup includes cordless and corded electric drills, drivers, saws, grinders, sanders and rotary hammers, as well as pneumatic and gasoline-powered machinery.