Makita (OTCMKTS:MKTAY - Get Free Report) is projected to post its quarterly earnings results before the market opens on Tuesday, July 29th. Analysts expect Makita to post earnings of $0.38 per share and revenue of $187.49 billion for the quarter.
Makita (OTCMKTS:MKTAY - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.21. The firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $186.50 billion. Makita had a return on equity of 8.16% and a net margin of 10.05%. On average, analysts expect Makita to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Makita Trading Down 0.9%
Shares of Makita stock traded down $0.28 on Friday, hitting $32.03. 584 shares of the company traded hands, compared to its average volume of 18,418. The firm's 50-day simple moving average is $30.50 and its 200 day simple moving average is $30.77. Makita has a 12-month low of $25.56 and a 12-month high of $39.05. The company has a market cap of $8.62 billion, a P/E ratio of 17.60 and a beta of 0.65.
Analyst Ratings Changes
MKTAY has been the topic of a number of research reports. Wall Street Zen raised Makita from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Citigroup lowered Makita from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th.
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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.
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