Posted by admin on Jul 2nd, 2022
Makita (OTCMKTS:MKTAY – Get Rating) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report issued on Thursday, The Fly reports.
Separately, Daiwa Capital Markets cut shares of Makita from an “outperform” rating to a “neutral” rating in a research report on Friday, May 20th.
OTCMKTS:MKTAY opened at $24.65 on Thursday. The company has a 50-day moving average price of $27.28 and a 200-day moving average price of $33.13. Makita has a 12 month low of $24.15 and a 12 month high of $65.71. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 11.52 and a beta of 0.93.
Makita (OTCMKTS:MKTAY – Get Rating) last posted its earnings results on Wednesday, April 27th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.39 by $0.04. Makita had a net margin of 8.80% and a return on equity of 9.13%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.61 billion. On average, equities research analysts expect that Makita will post 1.8 earnings per share for the current fiscal year.
Makita Company Profile (Get Rating)
Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, rest of Asia, Central and South America, Oceania, and the Middle East and Africa. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sanding, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals.
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