Makita (MKTAY) Expected to Release Earnings on Wednesday

Makita (OTCMKTS:MKTAY) will likely be releasing its resultson Wednesday, July 29th. Analysts expect the company to post earnings of $0.4949 per share and revenue of $1.2729 billion for the quarter.

Makita (OTCMKTS:MKTAY) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $1.26 billion. Makita had a net margin of 10.21% and a return on equity of 8.14%.

Makita Trading Up 3.3%

MKTAY opened at $35.50 on Tuesday. The company has a 50 day moving average of $35.24 and a 200 day moving average of $35.06. The company has a market cap of $9.39 billion, a PE ratio of 17.84 and a beta of 0.61. Makita has a 12 month low of $26.76 and a 12 month high of $41.20.

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.