Makita (OTCMKTS:MKTAY) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Makita (OTCMKTS:MKTAY) 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%.

Makita Stock Performance

Shares of Makita stock traded down $0.03 during trading hours on Wednesday, hitting $34.72. The company’s stock had a trading volume of 5,279 shares, compared to its average volume of 17,939. The business has a 50 day moving average price of $35.23 and a two-hundred day moving average price of $35.09. Makita has a 12-month low of $26.76 and a 12-month high of $41.20. The company has a market cap of $9.18 billion, a PE ratio of 17.45 and a beta of 0.61.

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.