Equities analysts forecast that Meritor Inc (NYSE:MTOR) will report earnings of $0.94 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Meritor’s earnings. The highest EPS estimate is $1.03 and the lowest is $0.85. Meritor reported earnings per share of $0.89 during the same quarter last year, which indicates a positive year over year growth rate of 5.6%. The company is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, July 31st.
According to Zacks, analysts expect that Meritor will report full year earnings of $3.54 per share for the current year, with EPS estimates ranging from $3.50 to $3.58. For the next fiscal year, analysts forecast that the company will post earnings of $3.19 per share, with EPS estimates ranging from $3.05 to $3.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Meritor.
Meritor (NYSE:MTOR) last posted its quarterly earnings results on Wednesday, May 1st. The auto parts company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.87 by $0.16. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Meritor had a net margin of 5.86% and a return on equity of 89.66%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share.
Several equities analysts recently weighed in on MTOR shares. Longbow Research lowered shares of Rush Enterprises from a “buy” rating to a “neutral” rating in a research report on Monday, May 6th. Zacks Investment Research lowered shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research report on Monday, May 6th. Stifel Nicolaus raised their price objective on shares of Wayfair from $132.00 to $150.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Finally, Barclays reaffirmed a “sell” rating and set a $57.00 price objective on shares of Autoliv in a research report on Sunday, March 31st. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Meritor presently has a consensus rating of “Hold” and a consensus target price of $25.63.
In related news, SVP Chris Villavarayan sold 21,723 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $23.21, for a total transaction of $504,190.83. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Rodger L. Boehm bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were bought at an average cost of $21.00 per share, for a total transaction of $42,000.00. The disclosure for this purchase can be found here. Company insiders own 2.80% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Quantamental Technologies LLC boosted its stake in Meritor by 84.1% during the first quarter. Quantamental Technologies LLC now owns 2,629 shares of the auto parts company’s stock worth $54,000 after buying an additional 1,201 shares in the last quarter. Investors Research Corp acquired a new stake in Meritor during the first quarter worth $60,000. Advisors Preferred LLC acquired a new stake in Meritor during the first quarter worth $76,000. New York State Teachers Retirement System acquired a new stake in Meritor during the first quarter worth $98,000. Finally, Anderson Fisher LLC acquired a new stake in Meritor during the first quarter worth $107,000. 95.13% of the stock is currently owned by institutional investors and hedge funds.
Shares of MTOR stock traded up $0.05 during trading on Thursday, hitting $23.33. 283,230 shares of the company were exchanged, compared to its average volume of 872,925. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.15 and a quick ratio of 0.68. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 7.70 and a beta of 2.22. The business’s 50-day moving average is $22.76. Meritor has a twelve month low of $15.01 and a twelve month high of $25.78.
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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