Makita (OTCMKTS:MKTAY) Announces Earnings Results

Key Points

• Quarterly earnings beat: Makita reported EPS of $0.53, beating the $0.44 consensus by $0.09, with a net margin of 9.96% and return on equity of 7.85%.
• Valuation and price range: the stock opened at $33.62, has a 52-week range of $26.76–$41.20, a market capitalization of $8.89 billion and a PE ratio of 17.79.
• Mixed analyst views but negative consensus: Goldman Sachs downgraded Makita to a "sell" while some firms upgraded it, yet MarketBeat shows the consensus rating as "Sell".

Makita (OTCMKTS:MKTAY - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.09, Zacks reports. Makita had a return on equity of 7.85% and a net margin of 9.96%.

Makita Price Performance

MKTAY opened at $33.62 on Tuesday. Makita has a fifty-two week low of $26.76 and a fifty-two week high of $41.20. The business has a 50-day moving average of $35.07 and a 200-day moving average of $32.69. The company has a market capitalization of $8.89 billion, a PE ratio of 17.79 and a beta of 0.60.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. The Goldman Sachs Group lowered Makita from a "hold" rating to a "sell" rating in a research report on Wednesday, January 14th. Wall Street Zen upgraded Makita from a "hold" rating to a "buy" rating in a research report on Saturday, January 31st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company 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.

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