Makita (MKTAY) Expected to Announce Quarterly Earnings on Friday

Makita (OTCMKTS:MKTAY) is expected to be releasing its earnings data 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 issued its earnings results on Wednesday, January 29th. The company reported $0.58 earnings per share (EPS) 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 Makita stock opened at $29.60 on Thursday. The firm has a fifty day moving average of $31.92 and a two-hundred day moving average of $31.16. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 17.72 and a beta of 0.65. Makita has a 52 week low of $25.56 and a 52 week high of $39.05.

Analyst Upgrades and Downgrades

MKTAY has been the subject of several recent analyst reports. UBS Group raised shares of Makita from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 30th. Citigroup cut Makita from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th.

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.