Wall Street brokerages predict that Meritor Inc (NYSE:MTOR) will announce earnings of $0.76 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Meritor’s earnings, with estimates ranging from $0.71 to $0.82. Meritor posted earnings of $0.62 per share in the same quarter last year, which would suggest a positive year over year growth rate of 22.6%. The business is scheduled to issue its next quarterly earnings report on Wednesday, November 21st.

On average, analysts expect that Meritor will report full-year earnings of $2.96 per share for the current financial year, with EPS estimates ranging from $2.93 to $3.00. For the next financial year, analysts anticipate that the business will post earnings of $3.32 per share, with EPS estimates ranging from $3.24 to $3.49. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Meritor.

Meritor (NYSE:MTOR) last posted its quarterly earnings data on Wednesday, August 1st. The auto parts company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.11. Meritor had a return on equity of 88.32% and a net margin of 8.06%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the business earned $0.64 EPS. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year.

A number of research analysts have recently weighed in on MTOR shares. Piper Jaffray Companies reissued a “buy” rating and issued a $37.00 price target on shares of Meritor in a research note on Wednesday, August 1st. TheStreet raised Meritor from a “c+” rating to a “b-” rating in a research note on Friday, August 24th. ValuEngine downgraded Meritor from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Stifel Nicolaus set a $29.00 price target on Meritor and gave the company a “buy” rating in a research note on Wednesday, August 1st. Finally, Zacks Investment Research downgraded Meritor from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Meritor presently has an average rating of “Hold” and an average price target of $29.57.

In related news, CEO Jeffrey A. Craig sold 34,678 shares of the company’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $21.84, for a total value of $757,367.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.32% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Eqis Capital Management Inc. bought a new stake in shares of Meritor in the 2nd quarter valued at $203,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Meritor in the 2nd quarter valued at $252,000. GAM Holding AG bought a new stake in shares of Meritor in the 2nd quarter valued at $253,000. PNC Financial Services Group Inc. increased its position in shares of Meritor by 4,972.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,138 shares of the auto parts company’s stock valued at $269,000 after buying an additional 12,879 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd increased its position in shares of Meritor by 299.3% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 14,534 shares of the auto parts company’s stock valued at $299,000 after buying an additional 10,894 shares in the last quarter. Institutional investors and hedge funds own 90.55% of the company’s stock.

Shares of MTOR stock traded up $0.12 during trading hours on Thursday, reaching $19.37. The company had a trading volume of 783,400 shares, compared to its average volume of 999,668. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 2.41. The company has a market cap of $1.70 billion, a P/E ratio of 10.30 and a beta of 2.41. Meritor has a 1-year low of $17.28 and a 1-year high of $29.54.

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 & Industrial; and Aftermarket & Trailer.

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Earnings History and Estimates for Meritor (NYSE:MTOR)

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