Meritor (MTOR) Scheduled to Post Earnings on Wednesday
Meritor (NASDAQ:MTOR) is set to post its quarterly earnings results on Wednesday, January 29th. Meritor has set its FY14 guidance at $0.30-0.40 EPS.Investors that wish to register for the company’s conference call can do so using this link.
Meritor (NASDAQ:MTOR) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.01. The company had revenue of $909.00 million for the quarter, compared to the consensus estimate of $965.84 million. During the same quarter last year, the company posted $0.32 earnings per share. Meritor’s revenue was down 7.8% compared to the same quarter last year. On average, analysts expect Meritor to post $0.40 EPS for the current fiscal year and $0.73 EPS for the next fiscal year.
Meritor (NASDAQ:MTOR) opened at 9.48 on Tuesday. Meritor has a 52 week low of $4.11 and a 52 week high of $10.90. The stock has a 50-day moving average of $9.49 and a 200-day moving average of $8.12. The company’s market cap is $923.8 million.
A number of research firms have recently commented on MTOR. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Meritor from $10.00 to $12.00 in a research note to investors on Thursday, January 9th. They now have a “buy” rating on the stock. On the ratings front, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Meritor in a research note to investors on Monday, December 23rd. They now have a $9.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Meritor in a research note to investors on Monday, November 18th. They now have a $9.00 price target on the stock, down previously from $10.00. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Meritor currently has a consensus rating of “Buy” and an average target price of $8.66.
Meritor, Inc (NASDAQ:MTOR) is a global supplier of a range of integrated systems and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.