Makita (MKTAY) Projected to Post Earnings on Friday

Makita (OTCMKTS:MKTAY) is projected to post its quarterly earnings results on Friday, April 25th. Analysts expect Makita to post earnings of $0.22 per share and revenue of $186.50 billion for the quarter.

Makita (OTCMKTS:MKTAY) last posted its earnings results on Wednesday, January 29th. The company reported $0.58 earnings per share for the quarter. Makita had a net margin of 9.09% and a return on equity of 7.52%. On average, analysts expect Makita to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Makita Stock Performance

Shares of OTCMKTS MKTAY opened at $29.35 on Wednesday. Makita has a 1 year low of $25.56 and a 1 year high of $39.05. The company’s fifty day moving average price is $31.95 and its 200 day moving average price is $31.17. The company has a market capitalization of $7.89 billion, a PE ratio of 17.57 and a beta of 0.65.

Analysts Set New Price Targets

A number of research firms have recently commented on MKTAY. Citigroup cut Makita from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. UBS Group upgraded Makita from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 30th.

Makita Company Profile

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.