Meritor (MTOR) to Release Quarterly Earnings on Tuesday

Meritor (NYSE:MTOR) is set to announce its earnings results before the market opens on Tuesday, January 30th. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Meritor has set its FY18 guidance at $2.20-2.40 EPS.

Meritor (NYSE:MTOR) last posted its quarterly earnings data on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.15. The business had revenue of $922.00 million during the quarter, compared to analysts’ expectations of $836.39 million. Meritor had a net margin of 25.81% and a return on equity of 968.31%. The business’s revenue was up 26.6% on a year-over-year basis. During the same period last year, the firm posted $0.34 earnings per share. On average, analysts expect Meritor to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Meritor (MTOR) opened at $23.97 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 1.10 and a debt-to-equity ratio of 2.55. The stock has a market cap of $2,120.00, a P/E ratio of 6.59 and a beta of 2.29. Meritor has a 1-year low of $13.53 and a 1-year high of $27.96.

Several research analysts have recently issued reports on MTOR shares. Longbow Research cut shares of Meritor from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. UBS Group increased their price objective on shares of Meritor from $19.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Barclays set a $22.00 target price on shares of Meritor and gave the stock a “hold” rating in a report on Friday, October 20th. Royal Bank of Canada reduced their target price on shares of Meritor from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, November 16th. Finally, Zacks Investment Research cut shares of Meritor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Meritor has an average rating of “Buy” and an average target price of $26.14.

In related news, VP Paul Bialy sold 2,191 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $24.64, for a total value of $53,986.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Chris Villavarayan sold 14,053 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $24.64, for a total transaction of $346,265.92. The disclosure for this sale can be found here. Insiders have sold 146,290 shares of company stock valued at $3,549,231 over the last 90 days. 2.32% of the stock is currently owned by insiders.

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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.

Earnings History for Meritor (NYSE:MTOR)

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