Brokerages Anticipate Meritor, Inc. (MTOR) to Announce $0.66 EPS

Wall Street brokerages predict that Meritor, Inc. (NYSE:MTOR) will post $0.66 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Meritor’s earnings, with the lowest EPS estimate coming in at $0.63 and the highest estimate coming in at $0.67. Meritor posted earnings of $0.35 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 88.6%. The business is scheduled to issue its next earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that Meritor will report full-year earnings of $2.71 per share for the current financial year, with EPS estimates ranging from $2.69 to $2.75. For the next year, analysts forecast that the firm will post earnings of $3.01 per share, with EPS estimates ranging from $2.95 to $3.08. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Meritor.

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Meritor (NYSE:MTOR) last released its earnings results on Wednesday, January 31st. The auto parts company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.16. The business had revenue of $903.00 million for the quarter, compared to the consensus estimate of $836.28 million. Meritor had a net margin of 7.69% and a return on equity of 208.74%. The firm’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share.

Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Meritor from a “strong-buy” rating to a “hold” rating in a research report on Friday. ValuEngine downgraded shares of Meritor from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Buckingham Research lifted their target price on shares of Meritor from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Barclays lifted their target price on shares of Meritor from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Finally, Stifel Nicolaus set a $32.00 target price on shares of Meritor and gave the stock a “buy” rating in a research report on Friday, February 9th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Meritor currently has a consensus rating of “Buy” and a consensus target price of $28.95.

Shares of Meritor stock traded down $1.01 during trading on Friday, hitting $20.22. The stock had a trading volume of 664,555 shares, compared to its average volume of 1,114,327. The company has a market cap of $1,803.32, a P/E ratio of 10.76 and a beta of 2.57. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.17 and a quick ratio of 0.69. Meritor has a 1 year low of $14.97 and a 1 year high of $29.54.

In related news, SVP Chris Villavarayan sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $28.61, for a total transaction of $514,980.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey A. Craig sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $29.12, for a total transaction of $1,456,000.00. Following the transaction, the chief executive officer now directly owns 427,310 shares in the company, valued at $12,443,267.20. The disclosure for this sale can be found here. Insiders have sold 238,826 shares of company stock worth $6,439,309 over the last ninety days. 2.32% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Schroder Investment Management Group bought a new stake in Meritor in the fourth quarter worth approximately $136,000. Campbell & CO Investment Adviser LLC bought a new stake in Meritor in the third quarter worth approximately $232,000. AMP Capital Investors Ltd bought a new stake in Meritor in the third quarter worth approximately $232,000. Barings LLC bought a new stake in Meritor in the third quarter worth approximately $273,000. Finally, Caxton Associates LP bought a new stake in Meritor in the third quarter worth approximately $297,000. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

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About Meritor

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 & Industrial; and Aftermarket & Trailer.

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