Meritor, Inc. (MTOR) Expected to Post Earnings of $0.66 Per Share

Analysts expect Meritor, Inc. (NYSE:MTOR) to post earnings of $0.66 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Meritor’s earnings, with estimates ranging from $0.63 to $0.68. Meritor posted earnings per share of $0.35 during the same quarter last year, which indicates a positive year over year growth rate of 88.6%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, May 3rd.

According to Zacks, analysts expect that Meritor will report full-year earnings of $2.72 per share for the current fiscal year, with EPS estimates ranging from $2.69 to $2.75. For the next fiscal year, analysts forecast that the business will post earnings of $3.06 per share, with EPS estimates ranging from $3.00 to $3.10. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover Meritor.

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Meritor (NYSE:MTOR) last announced its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.16. Meritor had a return on equity of 208.74% and a net margin of 7.69%. The business had revenue of $903.00 million during the quarter, compared to analyst estimates of $836.28 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The company’s revenue was up 29.2% on a year-over-year basis.

MTOR has been the topic of several recent analyst reports. ValuEngine raised Meritor from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Piper Jaffray set a $35.00 price target on Meritor and gave the company a “buy” rating in a research report on Tuesday, March 13th. Zacks Investment Research lowered Meritor from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 6th. Longbow Research raised Meritor from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th. Finally, Barclays upped their target price on Meritor from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Meritor currently has an average rating of “Buy” and an average target price of $28.86.

Shares of NYSE MTOR traded down $0.31 during mid-day trading on Wednesday, hitting $21.29. 508,230 shares of the company traded hands, compared to its average volume of 1,294,774. Meritor has a 1 year low of $14.97 and a 1 year high of $29.54. The company has a market cap of $1,926.39, a price-to-earnings ratio of 11.47 and a beta of 2.57. The company has a quick ratio of 0.69, a current ratio of 1.17 and a debt-to-equity ratio of 2.86.

In related news, SVP Joseph A. Plomin sold 15,826 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $25.64, for a total transaction of $405,778.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Chris Villavarayan sold 18,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $28.61, for a total value of $514,980.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 238,826 shares of company stock valued at $6,439,309. 2.32% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Swiss National Bank lifted its holdings in Meritor by 3.6% during the fourth quarter. Swiss National Bank now owns 145,600 shares of the auto parts company’s stock worth $3,416,000 after acquiring an additional 5,000 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Meritor by 14.6% in the fourth quarter. Deutsche Bank AG now owns 1,470,445 shares of the auto parts company’s stock worth $34,495,000 after buying an additional 187,583 shares in the last quarter. Hennessy Advisors Inc. lifted its stake in shares of Meritor by 480.4% in the fourth quarter. Hennessy Advisors Inc. now owns 1,415,600 shares of the auto parts company’s stock worth $33,210,000 after buying an additional 1,171,700 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Meritor by 5.5% in the third quarter. Legal & General Group Plc now owns 113,108 shares of the auto parts company’s stock worth $2,945,000 after buying an additional 5,891 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Meritor in the third quarter worth approximately $4,684,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

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Meritor Company Profile

Meritor, Inc designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates through two segments, Commercial Truck & Industrial; and Aftermarket & Trailer.

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