Analysts Anticipate Meritor Inc (MTOR) Will Post Earnings of $0.46 Per Share

Wall Street brokerages predict that Meritor Inc (NYSE:MTOR) will announce $0.46 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Meritor’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.48. Meritor posted earnings per share of $0.25 during the same quarter last year, which suggests a positive year-over-year growth rate of 84%. The company is scheduled to report its next quarterly earnings report before the market opens on Wednesday, January 31st.

On average, analysts expect that Meritor will report full year earnings of $2.45 per share for the current financial year, with EPS estimates ranging from $2.31 to $2.53. For the next year, analysts expect that the business will report earnings of $2.88 per share, with EPS estimates ranging from $2.81 to $2.93. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Meritor.

Meritor (NYSE:MTOR) last issued its quarterly earnings data on Wednesday, November 15th. The auto parts company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.47 by $0.15. Meritor had a negative return on equity of 1,152.54% and a net margin of 9.68%. The company had revenue of $922.00 million for the quarter, compared to analyst estimates of $836.39 million. During the same period last year, the company earned $0.34 earnings per share. Meritor’s quarterly revenue was up 26.6% compared to the same quarter last year.

A number of analysts have recently issued reports on the company. ValuEngine raised Meritor from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Longbow Research lowered Meritor from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Zacks Investment Research lowered Meritor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Barclays set a $22.00 price target on Meritor and gave the stock a “hold” rating in a research note on Friday, October 20th. Finally, Piper Jaffray Companies raised Meritor from an “underweight” rating to an “overweight” rating and set a $30.00 price target on the stock in a research note on Friday, December 8th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $26.14.

In other Meritor news, CFO Kevin Nowlan sold 17,977 shares of Meritor stock in a transaction on Monday, December 4th. The stock was sold at an average price of $24.64, for a total value of $442,953.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeffrey A. Craig sold 67,005 shares of Meritor stock in a transaction on Monday, December 4th. The shares were sold at an average price of $24.63, for a total value of $1,650,333.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,290 shares of company stock worth $3,549,231. 2.32% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. raised its position in Meritor by 8.8% in the second quarter. Ameritas Investment Partners Inc. now owns 7,355 shares of the auto parts company’s stock valued at $122,000 after purchasing an additional 596 shares during the period. Meeder Asset Management Inc. grew its stake in shares of Meritor by 123.3% in the third quarter. Meeder Asset Management Inc. now owns 8,352 shares of the auto parts company’s stock valued at $218,000 after buying an additional 4,611 shares in the last quarter. Federated Investors Inc. PA grew its stake in shares of Meritor by 21.2% in the second quarter. Federated Investors Inc. PA now owns 8,512 shares of the auto parts company’s stock valued at $141,000 after buying an additional 1,491 shares in the last quarter. AMP Capital Investors Ltd acquired a new stake in shares of Meritor in the third quarter valued at $232,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Meritor in the third quarter valued at $232,000. Institutional investors own 95.57% of the company’s stock.

Shares of Meritor (NYSE MTOR) traded down $0.05 during trading hours on Tuesday, hitting $23.97. The stock had a trading volume of 710,200 shares, compared to its average volume of 797,521. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.10 and a quick ratio of 0.78. The firm has a market capitalization of $2,130.00, a price-to-earnings ratio of 6.59 and a beta of 2.29. Meritor has a 12-month low of $13.53 and a 12-month high of $27.96.

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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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