Makita (OTCMKTS:MKTAY – Get Free Report) released its quarterly earnings results on Friday. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10, Zacks reports. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. Makita had a return on equity of 8.23% and a net margin of 10.40%.
Makita Stock Performance
MKTAY stock opened at $33.62 on Friday. Makita has a 52 week low of $26.76 and a 52 week high of $41.20. The firm has a market cap of $8.89 billion, a P/E ratio of 15.56 and a beta of 0.59. The firm’s fifty day moving average is $33.50 and its 200 day moving average is $34.60.
Makita Company Profile
Makita Corporation is a Japanese manufacturer of professional power tools and related equipment. The company’s product portfolio includes cordless and corded tools such as drills, impact drivers, saws, grinders, sanders, planers, and rotary hammers, as well as pneumatic tools, outdoor power equipment, batteries, chargers, accessories, and related products.
Makita serves professional users and consumers in the construction, woodworking, manufacturing, maintenance, landscaping, and home-improvement markets.
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