Meritor Inc. (MTOR) to Release Quarterly Earnings on Wednesday
Meritor Inc. (NYSE:MTOR) is scheduled to be posting its Q416 quarterly earnings results on Wednesday, November 16th. Analysts expect Meritor to post earnings of $0.29 per share and revenue of $752.90 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Shares of Meritor Inc. (NYSE:MTOR) opened at 11.99 on Tuesday. The company’s 50 day moving average is $10.71 and its 200-day moving average is $9.45. Meritor Inc. has a 52 week low of $5.69 and a 52 week high of $12.57. The stock has a market capitalization of $1.04 billion, a PE ratio of 14.55 and a beta of 2.37.
A number of analysts have weighed in on MTOR shares. Longbow Research set a $14.00 price objective on shares of Meritor and gave the company a “buy” rating in a research note on Tuesday, August 23rd. Barclays PLC set a $10.00 price objective on shares of Meritor and gave the company a “hold” rating in a research note on Tuesday, November 8th. Zacks Investment Research upgraded shares of Meritor from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. Finally, Citigroup Inc. raised their price objective on shares of Meritor from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, August 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Meritor has a consensus rating of “Hold” and a consensus target price of $9.60.
Several hedge funds have recently made changes to their positions in the company. AHL Partners LLP acquired a new stake in shares of Meritor during the second quarter valued at about $107,000. Principal Financial Group Inc. raised its stake in shares of Meritor by 1.8% in the third quarter. Principal Financial Group Inc. now owns 11,796 shares of the company’s stock valued at $131,000 after buying an additional 206 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Meritor during the third quarter valued at about $156,000. BlackRock Inc. raised its stake in shares of Meritor by 174.9% in the second quarter. BlackRock Inc. now owns 29,912 shares of the company’s stock valued at $216,000 after buying an additional 19,029 shares during the period. Finally, Weber Alan W acquired a new stake in shares of Meritor during the second quarter valued at about $235,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.
Meritor, Inc is engaged in the development, manufacture, sale, assembly, distribution, import and export of movement control systems for buses, trailers and trucks and their parts and components. It serves commercial truck, trailer, bus and coach and off-highway machinery manufacturers. The Company’s segments include commercial truck and industrial, and aftermarket and trailer.
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