Posted by admin on Jun 3rd, 2022
Makita Co. (OTCMKTS:MKTAY – Get Rating) – Stock analysts at Jefferies Financial Group cut their FY2026 earnings per share (EPS) estimates for Makita in a research report issued to clients and investors on Tuesday, May 31st. Jefferies Financial Group analyst S. Fukuhara now expects that the company will post earnings per share of $2.18 for the year, down from their previous forecast of $2.50.
Several other equities research analysts also recently commented on the stock. Daiwa Capital Markets downgraded shares of Makita from an “outperform” rating to a “neutral” rating in a research note on Friday, May 20th. Zacks Investment Research cut Makita from a “hold” rating to a “strong sell” rating in a report on Friday.
Shares of OTCMKTS:MKTAY opened at $27.27 on Friday. Makita has a 52 week low of $26.93 and a 52 week high of $65.71. The company’s fifty day moving average is $29.59 and its 200-day moving average is $35.94. The company has a market capitalization of $7.40 billion, a PE ratio of 12.73 and a beta of 0.93.
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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