Meritor Inc (MTOR) Releases FY14 Earnings Guidance
Meritor Inc (NASDAQ:MTOR) updated its FY14 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.65-0.75 for the period, compared to the Thomson Reuters consensus estimate of $0.61, American Banking & Market News reports. The company issued revenue guidance of Reaffirms $3.75-3.8 billion, compared to the consensus revenue estimate of $3.78 billion.
A number of analysts have recently weighed in on MTOR shares. 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 a related note, 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $13.94.
Shares of Meritor Inc (NASDAQ:MTOR) opened at 12.59 on Thursday. Meritor Inc has a 52 week low of $6.09 and a 52 week high of $15.14. The stock’s 50-day moving average is $13.14 and its 200-day moving average is $12.37. The company has a market cap of $1.231 billion and a price-to-earnings ratio of 82.83.
Meritor (NASDAQ:MTOR) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.13. The company had revenue of $986.00 million for the quarter, compared to the consensus estimate of $974.85 million. During the same quarter last year, the company posted $0.34 earnings per share. Meritor’s revenue was down .7% compared to the same quarter last year. On average, analysts predict that Meritor Inc will post $0.61 earnings per share for the current fiscal year.
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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