Makita (OTCMKTS:MKTAY – Get Free Report) released its earnings results on Wednesday. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.07, Zacks reports. Makita had a net margin of 10.21% and a return on equity of 8.14%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion.
Makita Trading Down 3.0%
OTCMKTS:MKTAY opened at $33.70 on Thursday. The stock has a market capitalization of $8.91 billion, a PE ratio of 16.93 and a beta of 0.61. The firm’s 50 day moving average is $35.17 and its 200 day moving average is $35.11. 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 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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