Makita (OTCMKTS:MKTAY) Releases Quarterly Earnings Results

Makita (OTCMKTS:MKTAY - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.12, Zacks reports. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $187.49 billion. Makita had a return on equity of 9.11% and a net margin of 11.07%.Makita Stock PerformanceShares of MKTAY traded up $1.30 during trading hours on Friday, reaching $32.29. 2,169 shares of the company traded hands, compared to its average volume of 18,185. The stock's fifty day moving average is $30.56 and its 200 day moving average is $30.87. The stock has a market cap of $8.69 billion, a P/E ratio of 15.67 and a beta of 0.65. Makita has a 1-year low of $25.56 and a 1-year high of $39.05. Analyst Upgrades and DowngradesMKTAY has been the topic of several research analyst reports. Wall Street Zen cut shares of Makita from a "buy" rating to a "hold" rating in a research report on Sunday, July 27th. Citigroup cut shares of Makita from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th.Get Our Latest Report on MakitaMakita Company Profile (Get Free Report)Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates. 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.Featured ArticlesFive stocks we like better than MakitaLow PE Growth Stocks: Unlocking Investment OpportunitiesRocket Lab Reports Next Week: Here’s What Investors Should KnowOverbought Stocks Explained: Should You Trade Them?Apple Stock: Big Earnings, Small Move—Time to Buy?What is an Earnings Surprise? Amazon's Earnings: What Comes Next and How to Play ItThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Makita Right Now?Before you consider Makita, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Makita wasn't on the list.While Makita currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here