Meritor, Inc. (MTOR) Announces Earnings Results, Beats Expectations By $0.15 EPS

Meritor, Inc. (NYSE:MTOR) issued its quarterly earnings results on Wednesday. The auto parts company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.15, Bloomberg Earnings reports. The firm had revenue of $922.00 million during the quarter, compared to analysts’ expectations of $836.39 million. Meritor had a net margin of 17.03% and a negative return on equity of 106.67%. Meritor’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 EPS. Meritor updated its FY18 guidance to $2.20-2.40 EPS.

Shares of Meritor (NYSE MTOR) traded up $0.16 on Friday, hitting $23.87. 2,419,144 shares of the stock were exchanged, compared to its average volume of 1,186,684. The company has a debt-to-equity ratio of -19.50, a current ratio of 1.12 and a quick ratio of 0.76. The stock has a market cap of $2,100.00, a P/E ratio of 16.32 and a beta of 2.34. Meritor has a 1-year low of $12.18 and a 1-year high of $27.96.

MTOR has been the subject of a number of analyst reports. Stifel Nicolaus restated a “buy” rating and set a $25.00 price objective on shares of Meritor in a research report on Tuesday, September 5th. Citigroup Inc. restated a “neutral” rating and set a $22.00 price objective (up previously from $19.00) on shares of Meritor in a research report on Tuesday, September 12th. J P Morgan Chase & Co upped their price objective on shares of Meritor from $19.00 to $21.50 and gave the stock a “neutral” rating in a research report on Tuesday, September 12th. Royal Bank Of Canada restated a “buy” rating and set a $23.00 price objective on shares of Meritor in a research report on Monday, September 4th. Finally, Barclays PLC set a $22.00 price objective on shares of Meritor and gave the stock a “hold” rating in a research report on Friday, October 20th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus 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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