Equities research analysts expect Meritor, Inc. (NYSE:MTOR) to report $823.64 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Meritor’s earnings. The lowest sales estimate is $822.80 million and the highest is $824.11 million. Meritor posted sales of $699.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 17.8%. The business is expected to announce its next earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that Meritor will report full year sales of $823.64 million for the current year, with estimates ranging from $3.66 billion to $3.67 billion. For the next fiscal year, analysts expect that the firm will post sales of $4.02 billion per share, with estimates ranging from $3.83 billion to $4.22 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Meritor.

Meritor (NYSE:MTOR) last announced its earnings results on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.15. The company had revenue of $922.00 million during the quarter, compared to analysts’ expectations of $836.39 million. Meritor had a net margin of 9.68% and a negative return on equity of 1,152.54%. Meritor’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 earnings per share.

MTOR has been the subject of several recent analyst reports. ValuEngine raised shares of Meritor from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $23.00 price objective on shares of Meritor in a research report on Monday, September 4th. Buckingham Research initiated coverage on shares of Meritor in a research report on Tuesday, September 5th. They set a “buy” rating and a $25.00 price objective for the company. Stifel Nicolaus reissued a “buy” rating and issued a $25.00 target price on shares of Meritor in a report on Tuesday, September 5th. Finally, KeyCorp reissued a “buy” rating and issued a $23.00 target price on shares of Meritor in a report on Friday, September 8th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.75.

A number of large investors have recently added to or reduced their stakes in MTOR. Public Employees Retirement System of Ohio grew its position in shares of Meritor by 81.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 58,815 shares of the auto parts company’s stock worth $1,530,000 after buying an additional 26,442 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Meritor in the 3rd quarter worth $743,000. Point72 Asset Management L.P. bought a new position in shares of Meritor in the 3rd quarter worth $4,684,000. Beacon Investment Advisory Services Inc. lifted its holdings in shares of Meritor by 100.0% in the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 175,112 shares of the auto parts company’s stock worth $4,554,000 after purchasing an additional 87,556 shares in the last quarter. Finally, Caxton Associates LP bought a new position in shares of Meritor in the 3rd quarter worth $297,000. 96.20% of the stock is owned by institutional investors and hedge funds.

Shares of Meritor (NYSE:MTOR) opened at $24.28 on Tuesday. Meritor has a 52-week low of $12.38 and a 52-week high of $27.96. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.78 and a current ratio of 1.10. The firm has a market cap of $2,195.98, a PE ratio of 13.33 and a beta of 2.28.

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Meritor Company Profile

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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Earnings History and Estimates for Meritor (NYSE:MTOR)

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