Meritor (MTOR) Scheduled to Post Quarterly Earnings on Thursday
Meritor (NASDAQ:MTOR) will be issuing its quarterly earnings data on Thursday, July 31st. Meritor has set its FY14 guidance at $0.50-$0.60 EPS.Parties interested in participating in the company’s conference call can do so using this link.
Meritor (NASDAQ:MTOR) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.13. The company had revenue of $962.00 million for the quarter, compared to the consensus estimate of $920.24 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts expect Meritor to post $0.61 EPS for the current fiscal year and $1.00 EPS for the next fiscal year.
Meritor (NASDAQ:MTOR) opened at 12.52 on Wednesday. Meritor has a 1-year low of $6.09 and a 1-year high of $15.14. The stock’s 50-day moving average is $13.15 and its 200-day moving average is $12.37. The company has a market cap of $1.224 billion and a price-to-earnings ratio of 83.49.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Meritor in a research note on Friday, July 25th. They now have a $15.00 price target on the stock. On the ratings front, analysts at Piper Jaffray initiated coverage on shares of Meritor in a research note on Wednesday, July 16th. They set an “overweight” rating and a $15.00 price target on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of Meritor from $16.00 to $15.00 in a research note on Monday, July 14th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $13.94.
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.
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