Analysts expect Meritor, Inc. (NYSE:MTOR) to report earnings per share (EPS) of $0.46 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Meritor’s earnings. The lowest EPS estimate is $0.44 and the highest is $0.48. Meritor posted earnings of $0.25 per share in the same quarter last year, which indicates a positive year over year growth rate of 84%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that Meritor will report full year earnings of $2.40 per share for the current fiscal year, with EPS estimates ranging from $2.31 to $2.45. For the next year, analysts expect that the business will post earnings of $2.93 per share, with EPS estimates ranging from $2.75 to $3.10. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Meritor.

Meritor (NYSE:MTOR) last posted its quarterly earnings data on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.15. The firm had revenue of $922.00 million for the quarter, compared to analysts’ expectations of $836.39 million. Meritor had a negative return on equity of 1,152.54% and a net margin of 9.68%. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 EPS.

A number of research analysts recently commented on MTOR shares. Zacks Investment Research cut Meritor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Royal Bank Of Canada decreased their price target on Meritor from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, November 16th. Barclays set a $22.00 price target on Meritor and gave the stock a “hold” rating in a research report on Friday, October 20th. UBS raised their price target on Meritor from $19.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Finally, Longbow Research cut Meritor from a “buy” rating to a “neutral” rating in a research report on Thursday, October 12th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $25.75.

In related news, CFO Kevin Nowlan sold 17,977 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $24.64, for a total value of $442,953.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey A. Craig sold 67,005 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $24.63, for a total value of $1,650,333.15. The disclosure for this sale can be found here. Insiders sold 101,226 shares of company stock worth $2,493,539 over the last ninety days. 2.87% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. boosted its stake in shares of Meritor by 8.8% during the second quarter. Ameritas Investment Partners Inc. now owns 7,355 shares of the auto parts company’s stock valued at $122,000 after purchasing an additional 596 shares in the last quarter. Federated Investors Inc. PA boosted its stake in shares of Meritor by 21.2% during the second quarter. Federated Investors Inc. PA now owns 8,512 shares of the auto parts company’s stock valued at $141,000 after purchasing an additional 1,491 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Meritor by 2.7% during the second quarter. Amalgamated Bank now owns 10,624 shares of the auto parts company’s stock valued at $176,000 after purchasing an additional 281 shares in the last quarter. Blue Rock Advisors LLC acquired a new stake in shares of Meritor during the second quarter valued at about $204,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Meritor by 123.3% during the third quarter. Meeder Asset Management Inc. now owns 8,352 shares of the auto parts company’s stock valued at $218,000 after purchasing an additional 4,611 shares in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Meritor (MTOR) traded up $0.12 during mid-day trading on Friday, reaching $24.40. The company’s stock had a trading volume of 1,009,200 shares, compared to its average volume of 1,197,490. The company has a quick ratio of 0.78, a current ratio of 1.10 and a debt-to-equity ratio of 2.55. The company has a market cap of $2,150.81, a PE ratio of 13.05 and a beta of 2.28. Meritor has a 1 year low of $12.38 and a 1 year high of $27.96.

COPYRIGHT VIOLATION NOTICE: “Meritor, Inc. (MTOR) Expected to Post Earnings of $0.46 Per Share” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/12/06/meritor-inc-mtor-expected-to-post-earnings-of-0-46-per-share.html.

Meritor Company Profile

Meritor, Inc is a supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The Company’s segments include Commercial Truck & Industrial and Aftermarket & Trailer.

Get a free copy of the Zacks research report on Meritor (MTOR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Meritor (NYSE:MTOR)

Receive News & Stock Ratings for Meritor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meritor Inc. and related stocks with our FREE daily email newsletter.