-$0.36 EPS Expected for Meritor Inc (NYSE:MTOR) This Quarter

Wall Street analysts expect Meritor Inc (NYSE:MTOR) to report earnings per share (EPS) of ($0.36) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Meritor’s earnings, with estimates ranging from ($0.54) to ($0.17). Meritor posted earnings per share of $1.20 in the same quarter last year, which indicates a negative year-over-year growth rate of 130%. The company is expected to issue its next earnings report on Wednesday, July 29th.

On average, analysts expect that Meritor will report full year earnings of $0.66 per share for the current financial year, with EPS estimates ranging from ($0.30) to $1.39. For the next fiscal year, analysts anticipate that the business will report earnings of $2.04 per share, with EPS estimates ranging from $1.90 to $2.12. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Meritor.

Meritor (NYSE:MTOR) last posted its earnings results on Thursday, April 30th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.20. Meritor had a net margin of 10.29% and a return on equity of 64.86%. The company had revenue of $871.00 million during the quarter, compared to analysts’ expectations of $817.33 million. During the same quarter in the previous year, the company posted $1.03 earnings per share. Meritor’s quarterly revenue was down 24.7% compared to the same quarter last year.

A number of brokerages recently weighed in on MTOR. ValuEngine raised shares of Meritor from a “strong sell” rating to a “sell” rating in a report on Monday. KeyCorp lowered their price target on shares of Meritor from $28.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Longbow Research lifted their target price on shares of Meritor from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Barclays lifted their target price on shares of Meritor from $14.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $23.14.

A number of institutional investors and hedge funds have recently bought and sold shares of MTOR. State Street Corp lifted its position in Meritor by 0.5% in the 3rd quarter. State Street Corp now owns 1,680,037 shares of the auto parts company’s stock valued at $31,081,000 after acquiring an additional 8,960 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Meritor during the 4th quarter worth about $384,000. New York State Teachers Retirement System lifted its position in Meritor by 107.1% during the 4th quarter. New York State Teachers Retirement System now owns 14,497 shares of the auto parts company’s stock worth $380,000 after buying an additional 7,497 shares in the last quarter. California Public Employees Retirement System lifted its position in Meritor by 83.6% during the 4th quarter. California Public Employees Retirement System now owns 336,939 shares of the auto parts company’s stock worth $8,824,000 after buying an additional 153,447 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Meritor during the 4th quarter worth about $165,000. 95.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of Meritor stock traded up $0.06 during midday trading on Tuesday, reaching $21.23. The company had a trading volume of 590,935 shares, compared to its average volume of 1,468,678. The company has a current ratio of 1.64, a quick ratio of 1.08 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 4.09 and a beta of 2.47. The stock has a fifty day simple moving average of $17.98 and a 200 day simple moving average of $21.09. Meritor has a 1-year low of $10.91 and a 1-year high of $27.18.

About Meritor

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; and Aftermarket, Industrial and Trailer.

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Earnings History and Estimates for Meritor (NYSE:MTOR)

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