Equities research analysts expect Meritor, Inc. (NYSE:MTOR) to announce $0.45 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Meritor’s earnings, with estimates ranging from $0.44 to $0.46. Meritor reported earnings of $0.34 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 32.4%. The company is expected to report its next quarterly earnings report on Wednesday, November 15th.

On average, analysts expect that Meritor will report full year earnings of $1.70 per share for the current fiscal year, with EPS estimates ranging from $1.69 to $1.71. For the next year, analysts forecast that the company will post earnings of $2.35 per share, with EPS estimates ranging from $2.24 to $2.54. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Meritor.

Meritor (NYSE:MTOR) last announced its quarterly earnings results on Wednesday, August 2nd. The auto parts company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.20. The company had revenue of $920.00 million during the quarter, compared to the consensus estimate of $846.19 million. Meritor had a net margin of 17.03% and a negative return on equity of 106.67%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 earnings per share.

A number of research analysts have issued reports on MTOR shares. KeyCorp reaffirmed a “buy” rating and issued a $23.00 price target on shares of Meritor in a report on Friday, September 8th. Buckingham Research started coverage on shares of Meritor in a report on Tuesday, September 5th. They issued a “buy” rating and a $25.00 price target for the company. Barclays PLC raised their price target on shares of Meritor from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, August 4th. J P Morgan Chase & Co raised their price target on shares of Meritor from $19.00 to $21.50 and gave the stock a “neutral” rating in a report on Tuesday, September 12th. Finally, BidaskClub raised shares of Meritor from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Four analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $24.25.

Meritor (MTOR) traded up 0.34% during midday trading on Friday, reaching $26.40. 39,384 shares of the company’s stock were exchanged. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 4.28 and a beta of 2.30. Meritor has a 12-month low of $9.84 and a 12-month high of $27.03. The stock’s 50-day moving average is $22.36 and its 200-day moving average is $18.28.

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In related news, SVP Robert H. Speed sold 4,192 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $19.23, for a total transaction of $80,612.16. Following the sale, the senior vice president now owns 30,000 shares in the company, valued at $576,900. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.87% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in MTOR. BlackRock Inc. grew its position in shares of Meritor by 22,259.3% in the first quarter. BlackRock Inc. now owns 5,991,169 shares of the auto parts company’s stock valued at $102,629,000 after purchasing an additional 5,964,374 shares during the period. SG Capital Management LLC acquired a new stake in shares of Meritor in the second quarter valued at about $15,727,000. Teachers Advisors LLC grew its position in shares of Meritor by 530.2% in the first quarter. Teachers Advisors LLC now owns 900,676 shares of the auto parts company’s stock valued at $15,429,000 after purchasing an additional 757,767 shares during the period. Vanguard Group Inc. grew its position in shares of Meritor by 7.2% in the first quarter. Vanguard Group Inc. now owns 11,154,890 shares of the auto parts company’s stock valued at $191,083,000 after purchasing an additional 749,068 shares during the period. Finally, Old Mutual Global Investors UK Ltd. grew its position in shares of Meritor by 108.4% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,151,730 shares of the auto parts company’s stock valued at $19,130,000 after purchasing an additional 599,136 shares during the period. Institutional investors and hedge funds own 93.23% of the company’s stock.

About Meritor

Meritor, Inc is a supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The Company’s segments include Commercial Truck & Industrial and Aftermarket & Trailer.

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