FY2018 EPS Estimates for Makita Corp. (MKTAY) Increased by Analyst

Makita Corp. (OTCMKTS:MKTAY) – Research analysts at Jefferies Group increased their FY2018 earnings estimates for shares of Makita in a note issued to investors on Tuesday. Jefferies Group analyst S. Fukuhara now expects that the company will earn $1.80 per share for the year, up from their prior estimate of $1.68. Jefferies Group also issued estimates for Makita’s FY2019 earnings at $1.99 EPS, FY2021 earnings at $2.21 EPS and FY2022 earnings at $2.24 EPS.

Separately, Zacks Investment Research upgraded Makita from a “hold” rating to a “strong-buy” rating and set a $48.00 price target on the stock in a report on Saturday.

Shares of Makita (MKTAY) opened at $42.35 on Friday. The stock has a market capitalization of $11,710.00, a price-to-earnings ratio of 28.37 and a beta of 0.27. Makita has a 52-week low of $30.22 and a 52-week high of $43.85.

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About Makita

Makita Corporation is engaged in the business of production and sale of electric power tools, woodworking machines, pneumatic tools, gardening equipment and household equipment. The Company manufactures and sells portable electric planers. The Company’s segments are Japan, Europe, North America, Asia and Other area.

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