Makita (OTCMKTS:MKTAY - Get Free Report) posted its earnings results on Monday. The company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.21, Zacks reports. Makita had a return on equity of 7.52% and a net margin of 9.09%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $186.50 billion.
Makita Stock Up 1.8 %
Shares of MKTAY stock traded up $0.53 on Friday, hitting $30.35. The stock had a trading volume of 8,860 shares, compared to its average volume of 16,337. Makita has a one year low of $25.56 and a one year high of $39.05. The business has a 50 day moving average price of $31.67 and a 200 day moving average price of $30.98. The company has a market cap of $8.16 billion, a PE ratio of 18.17 and a beta of 0.65.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on MKTAY shares. UBS Group raised Makita from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 30th. Citigroup downgraded shares of Makita from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th.
Check Out Our Latest Stock 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.
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