FY2022 EPS Estimates for Makita Co. Lowered by Analyst (MKTAY)

Makita Co. (OTCMKTS:MKTAY) – Investment analysts at Jefferies Financial Group decreased their FY2022 earnings per share estimates for shares of Makita in a report issued on Tuesday, October 30th. Jefferies Financial Group analyst S. Fukuhara now forecasts that the company will post earnings per share of $2.33 for the year, down from their previous estimate of $2.53. Jefferies Financial Group also issued estimates for Makita’s FY2023 earnings at $2.47 EPS.

Several other research analysts have also commented on MKTAY. Zacks Investment Research upgraded Makita from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Wednesday, August 29th. Goldman Sachs Group upgraded Makita from a “sell” rating to a “neutral” rating in a research report on Friday, September 14th.

Shares of Makita stock opened at $36.52 on Thursday. The company has a market capitalization of $9.68 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 2.10 and a beta of 0.88. Makita has a fifty-two week low of $34.27 and a fifty-two week high of $51.40.

Makita Company Profile

Makita Corporation engages in the manufacture and wholesale of electric power tools, woodworking machines, pneumatic tools, and gardening and household equipment. The company operates through Japan Group, Europe Group, North America Group, Asia Group, and Other Regions Group segments. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sandling, 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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Earnings History and Estimates for Makita (OTCMKTS:MKTAY)

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