Monotaro (OTCMKTS:MONOY) Posts Quarterly Earnings Results

Monotaro (OTCMKTS:MONOY) announced its quarterly earnings results on Wednesday. The company reported $0.12 earnings per share (EPS) for the quarter, Zacks reports. Monotaro had a return on equity of 30.25% and a net margin of 9.71%. The business had revenue of $590.93 million during the quarter, compared to the consensus estimate of $592.21 million.

Monotaro Stock Down 3.4%

Shares of Monotaro stock traded down $0.51 during trading hours on Friday, reaching $14.29. The company’s stock had a trading volume of 18,532 shares, compared to its average volume of 118,342. The company has a market capitalization of $7.09 billion, a P/E ratio of 30.39 and a beta of 1.16. The stock’s fifty day simple moving average is $13.22 and its two-hundred day simple moving average is $12.32. Monotaro has a one year low of $10.26 and a one year high of $16.76. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.06 and a current ratio of 2.69.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded Monotaro from a “hold” rating to a “buy” rating in a research note on Thursday, October 1st. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Monotaro Company Profile

MonotaRO Co, Ltd. is a Japan-based business-to-business e-commerce company that sells maintenance, repair and operations (MRO) supplies. Its online marketplace serves businesses, government organizations and professional users seeking products for workplaces, factories, construction sites, vehicle maintenance and other commercial applications.

The company offers a broad range of products, including tools, safety equipment, industrial components, automotive maintenance supplies, office and packaging products, cleaning materials, and construction-related goods.