Makita (OTCMKTS:MKTAY) Issues Earnings Results, Beats Estimates By $0.07 EPS

Makita (OTCMKTS:MKTAY) released its quarterly earnings data on Wednesday. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.07, Zacks reports. Makita had a return on equity of 8.14% and a net margin of 10.21%.

Makita Trading Down 0.1%

OTCMKTS:MKTAY traded down $0.03 during mid-day trading on Wednesday, reaching $34.72. The company’s stock had a trading volume of 5,279 shares, compared to its average volume of 17,939. The stock has a market cap of $9.18 billion, a P/E ratio of 17.45 and a beta of 0.61. The firm’s fifty day moving average price is $35.23 and its two-hundred day moving average price is $35.09. Makita has a 12-month low of $26.76 and a 12-month high of $41.20.

About Makita

Makita Corporation (OTCMKTS:MKTAY) is a global manufacturer of professional and consumer power tools headquartered in Anj?, 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.