Brokerages predict that Meritor Inc (NYSE:MTOR) will report $0.58 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for Meritor’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.55. Meritor reported earnings per share of $0.79 in the same quarter last year, which would suggest a negative year-over-year growth rate of 26.6%. The firm is scheduled to announce its next earnings report on Tuesday, February 4th.
On average, analysts expect that Meritor will report full-year earnings of $2.94 per share for the current financial year, with EPS estimates ranging from $2.80 to $3.31. For the next year, analysts forecast that the company will post earnings of $3.28 per share, with EPS estimates ranging from $3.00 to $3.53. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Meritor.
Meritor (NYSE:MTOR) last released its quarterly earnings results on Wednesday, November 13th. The auto parts company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.15. Meritor had a return on equity of 78.25% and a net margin of 6.63%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis.
Several analysts have issued reports on the company. ValuEngine raised Meritor from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 19th. Zacks Investment Research raised Meritor from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research note on Thursday, August 1st. UBS Group lowered their target price on Meritor from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Citigroup lowered their target price on Meritor from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, August 26th. Finally, Barclays lowered their target price on Meritor from $21.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Meritor presently has a consensus rating of “Hold” and a consensus target price of $23.80.
MTOR opened at $25.01 on Monday. The business’s 50-day moving average price is $21.65 and its two-hundred day moving average price is $21.04. Meritor has a 1 year low of $15.03 and a 1 year high of $25.78. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 6.55 and a beta of 2.30. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.30 and a quick ratio of 0.74.
In other Meritor news, SVP Chris Villavarayan sold 13,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $24.50, for a total transaction of $330,750.00. Following the transaction, the senior vice president now owns 13,716 shares of the company’s stock, valued at $336,042. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.80% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in MTOR. Meeder Asset Management Inc. increased its position in Meritor by 124.3% during the second quarter. Meeder Asset Management Inc. now owns 1,433 shares of the auto parts company’s stock worth $35,000 after buying an additional 794 shares during the last quarter. Huntington National Bank increased its position in Meritor by 214,000.0% during the third quarter. Huntington National Bank now owns 2,141 shares of the auto parts company’s stock worth $40,000 after buying an additional 2,140 shares during the last quarter. Howe & Rusling Inc. acquired a new position in Meritor during the third quarter worth approximately $46,000. Robeco Institutional Asset Management B.V. acquired a new position in Meritor during the second quarter worth approximately $77,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Meritor by 16.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,739 shares of the auto parts company’s stock worth $115,000 after buying an additional 686 shares during the last quarter. 93.79% of the stock is currently owned by hedge funds and other institutional investors.
Meritor Company Profile
Meritor, Inc designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates through two segments, Commercial Truck; and Aftermarket, Industrial and Trailer.
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