Analysts Expect Meritor Inc (MTOR) to Announce $0.47 Earnings Per Share

Wall Street brokerages forecast that Meritor Inc (NYSE:MTOR) will report $0.47 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Meritor’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.44. Meritor reported earnings of $0.25 per share during the same quarter last year, which would indicate a positive year over year growth rate of 88%. The business is expected to announce its next quarterly earnings report on Wednesday, February 7th.

On average, analysts expect that Meritor will report full-year earnings of $2.43 per share for the current year, with EPS estimates ranging from $2.31 to $2.49. For the next financial year, analysts expect that the company will report earnings of $2.86 per share, with EPS estimates ranging from $2.75 to $2.93. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Meritor.

Meritor (NYSE:MTOR) last posted its quarterly earnings data on Wednesday, November 15th. The auto parts company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.47 by $0.15. The firm had revenue of $922.00 million during the quarter, compared to analyst estimates of $836.39 million. Meritor had a net margin of 9.68% and a negative return on equity of 1,152.54%. Meritor’s revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 EPS.

A number of research analysts have issued reports on MTOR shares. JPMorgan Chase & Co. upped their price target on shares of Meritor from $19.00 to $21.50 and gave the company a “neutral” rating in a research note on Tuesday, September 12th. Citigroup restated a “neutral” rating and set a $22.00 price target (up previously from $19.00) on shares of Meritor in a research note on Tuesday, September 12th. BidaskClub upgraded shares of Meritor from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 22nd. UBS Group upped their price target on shares of Meritor from $19.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Finally, Royal Bank of Canada cut their price target on shares of Meritor from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, November 16th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $26.14.

Shares of Meritor (NYSE:MTOR) traded down $0.08 during trading on Friday, reaching $23.77. 630,353 shares of the company’s stock were exchanged, compared to its average volume of 832,267. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.10 and a quick ratio of 0.78. Meritor has a twelve month low of $12.98 and a twelve month high of $27.96. The firm has a market cap of $2,130.00, a price-to-earnings ratio of 6.53 and a beta of 2.29.

In other news, SVP Chris Villavarayan sold 14,053 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $24.64, for a total value of $346,265.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey A. Craig sold 67,005 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $24.63, for a total transaction of $1,650,333.15. The disclosure for this sale can be found here. Insiders sold a total of 146,290 shares of company stock worth $3,549,231 over the last ninety days. Insiders own 2.32% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank boosted its holdings in shares of Meritor by 2.7% in the 2nd quarter. Amalgamated Bank now owns 10,624 shares of the auto parts company’s stock valued at $176,000 after acquiring an additional 281 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Meritor by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 64,141 shares of the auto parts company’s stock valued at $1,065,000 after acquiring an additional 439 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Meritor by 3.5% in the 2nd quarter. Principal Financial Group Inc. now owns 15,572 shares of the auto parts company’s stock valued at $259,000 after acquiring an additional 528 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Meritor by 8.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,355 shares of the auto parts company’s stock valued at $122,000 after acquiring an additional 596 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its holdings in shares of Meritor by 21.2% in the 2nd quarter. Federated Investors Inc. PA now owns 8,512 shares of the auto parts company’s stock valued at $141,000 after acquiring an additional 1,491 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

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Meritor Company Profile

Meritor, Inc is a supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The Company’s segments include Commercial Truck & Industrial and Aftermarket & Trailer.

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