Makita (MKTAY) to Post Earnings on Wednesday

Makita (OTCMKTS:MKTAY) is expected to be posting its resultson Wednesday, July 29th. Analysts expect Makita to post earnings of $0.5030 per share and revenue of $1.27 billion for the quarter.

Makita (OTCMKTS:MKTAY) last released its earnings results on Tuesday, April 28th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Makita had a return on equity of 8.14% and a net margin of 10.21%.

Makita Stock Up 1.1%

MKTAY opened at $34.76 on Wednesday. Makita has a 52 week low of $26.76 and a 52 week high of $41.20. The stock has a market cap of $9.19 billion, a PE ratio of 17.47 and a beta of 0.61. The business has a 50 day moving average of $35.33 and a 200-day moving average of $34.95.

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.