Meritor (NYSE:MTOR) Posts Earnings Results, Beats Expectations By $0.15 EPS

Meritor (NYSE:MTOR) issued its quarterly earnings results 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, Bloomberg Earnings reports. The company had revenue of $922.00 million during the quarter, compared to analysts’ expectations of $836.39 million. Meritor had a net margin of 9.68% and a negative return on equity of 1,152.54%. The business’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period last year, the business earned $0.34 EPS. Meritor updated its FY18 guidance to $2.20-2.40 EPS.

Shares of Meritor (NYSE:MTOR) traded down $0.19 during midday trading on Friday, hitting $24.79. The company had a trading volume of 1,053,971 shares, compared to its average volume of 1,198,175. The company has a quick ratio of 0.78, a current ratio of 1.10 and a debt-to-equity ratio of 2.55. Meritor has a 52 week low of $12.22 and a 52 week high of $27.96. The company has a market capitalization of $2,239.39, a PE ratio of 13.59 and a beta of 2.34.

Several equities analysts have recently weighed in on MTOR shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $23.00 price target on shares of Meritor in a research note on Monday, September 4th. Barclays set a $22.00 price objective on Meritor and gave the company a “hold” rating in a report on Friday, October 20th. UBS reissued a “neutral” rating and issued a $19.00 price objective (up previously from $18.00) on shares of Meritor in a report on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 price target (up previously from $25.00) on shares of Meritor in a report on Tuesday, September 12th. Finally, J P Morgan Chase & Co raised their price target on Meritor from $19.00 to $21.50 and gave the company a “neutral” rating in a report on Tuesday, September 12th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $25.75.

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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.

Earnings History for Meritor (NYSE:MTOR)

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