Makita (OTCMKTS:MKTAY) Issues Earnings Results, Beats Expectations By $0.05 EPS

Makita (OTCMKTS:MKTAY) announced its quarterly earnings results on Wednesday. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05, Zacks reports. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. Makita had a return on equity of 8.21% and a net margin of 10.40%.

Makita Price Performance

Shares of OTCMKTS MKTAY opened at $33.34 on Friday. Makita has a 1 year low of $26.76 and a 1 year high of $41.20. The stock has a market capitalization of $8.82 billion, a P/E ratio of 16.26 and a beta of 0.61. The company’s 50-day moving average is $35.12 and its 200 day moving average is $35.11.

Makita Company Profile

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.