Makita (OTCMKTS:MKTAY – Get Free Report) issued its quarterly earnings results on Friday. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.10, Zacks reports. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.31 billion. Makita had a net margin of 10.40% and a return on equity of 8.23%.
Makita Trading Up 1.0%
Shares of MKTAY traded up $0.32 during mid-day trading on Friday, hitting $33.62. 18,850 shares of the company traded hands, compared to its average volume of 19,187. Makita has a one year low of $26.76 and a one year high of $41.20. The business has a 50-day moving average of $33.50 and a 200 day moving average of $34.60. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 16.40 and a beta of 0.59.
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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