Brokerages Expect Meritor Inc (MTOR) to Post $0.87 Earnings Per Share

Equities analysts expect Meritor Inc (NYSE:MTOR) to announce earnings of $0.87 per share for the current quarter, according to Zacks. Four analysts have made estimates for Meritor’s earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.82. Meritor posted earnings of $0.75 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 16%. The business is scheduled to report its next quarterly earnings report before the market opens on Wednesday, May 1st.

On average, analysts expect that Meritor will report full year earnings of $3.36 per share for the current financial year, with EPS estimates ranging from $3.30 to $3.45. For the next fiscal year, analysts expect that the firm will post earnings of $3.13 per share, with EPS estimates ranging from $2.90 to $3.25. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Meritor.

Meritor (NYSE:MTOR) last released its quarterly earnings results on Tuesday, January 29th. The auto parts company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.19. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $967.98 million. Meritor had a net margin of 5.63% and a return on equity of 89.57%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 earnings per share.

MTOR has been the subject of several analyst reports. Royal Bank of Canada lowered shares of Meritor from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $18.00 to $19.00 in a research report on Wednesday, January 23rd. Barclays reissued a “hold” rating and set a $21.00 price target on shares of Meritor in a research report on Sunday, March 31st. Finally, ValuEngine raised shares of Meritor from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Meritor has an average rating of “Hold” and a consensus price target of $25.00.

In related news, SVP Joseph A. Plomin sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $20.63, for a total value of $206,300.00. Following the transaction, the senior vice president now owns 111,144 shares in the company, valued at approximately $2,292,900.72. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Timothy J. Heffron sold 36,940 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $22.00, for a total transaction of $812,680.00. Following the sale, the senior vice president now directly owns 31,741 shares in the company, valued at approximately $698,302. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,334 shares of company stock worth $1,772,790. 2.80% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of Meritor by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,718,601 shares of the auto parts company’s stock worth $62,881,000 after purchasing an additional 42,995 shares during the period. Royce & Associates LP lifted its position in shares of Meritor by 31.0% during the 4th quarter. Royce & Associates LP now owns 3,002,859 shares of the auto parts company’s stock valued at $50,778,000 after buying an additional 711,396 shares in the last quarter. Towle & Co. lifted its position in shares of Meritor by 38.8% during the 4th quarter. Towle & Co. now owns 2,327,558 shares of the auto parts company’s stock valued at $39,359,000 after buying an additional 651,055 shares in the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of Meritor by 51.4% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,281,353 shares of the auto parts company’s stock valued at $38,578,000 after buying an additional 774,580 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Meritor by 9.6% during the 3rd quarter. Morgan Stanley now owns 2,224,907 shares of the auto parts company’s stock valued at $43,074,000 after buying an additional 194,686 shares in the last quarter. 93.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of MTOR stock traded up $1.24 during mid-day trading on Wednesday, hitting $24.88. 656,195 shares of the stock traded hands, compared to its average volume of 782,922. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 8.21 and a beta of 2.10. Meritor has a 52-week low of $15.01 and a 52-week high of $23.77. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.62 and a current ratio of 1.08.

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 & Trailer; and Aftermarket & Industrial.

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Earnings History and Estimates for Meritor (NYSE:MTOR)

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