Analysts Set Expectations for Meritor, Inc.’s Q1 2018 Earnings (MTOR)
Meritor, Inc. (NYSE:MTOR) – Analysts at KeyCorp issued their Q1 2018 EPS estimates for Meritor in a research report issued to clients and investors on Wednesday. KeyCorp analyst B. Hoselton anticipates that the auto parts company will post earnings per share of $0.48 for the quarter. KeyCorp has a “Buy” rating and a $37.00 price objective on the stock. KeyCorp also issued estimates for Meritor’s Q2 2018 earnings at $0.57 EPS.
Meritor (NYSE:MTOR) last posted its quarterly earnings results on Wednesday, November 15th. The auto parts company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.15. Meritor had a negative return on equity of 1,152.54% and a net margin of 9.68%. The company had revenue of $922.00 million for the quarter, compared to analysts’ expectations of $836.39 million. During the same period in the previous year, the firm earned $0.34 EPS. The firm’s revenue was up 26.6% compared to the same quarter last year.
A number of other analysts also recently issued reports on the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Meritor in a research note on Monday, September 4th. Zacks Investment Research raised Meritor from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Tuesday, July 25th. Barclays PLC set a $22.00 price objective on Meritor and gave the stock a “hold” rating in a research note on Friday, October 20th. UBS AG reaffirmed a “neutral” rating and issued a $19.00 price objective (up previously from $18.00) on shares of Meritor in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $26.00 price objective (up previously from $25.00) on shares of Meritor in a research note on Tuesday, September 12th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $25.75.
Meritor (NYSE:MTOR) opened at $23.87 on Monday. 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 twelve month low of $12.18 and a twelve month high of $27.96. The company has a market capitalization of $2,114.49, a P/E ratio of 12.83 and a beta of 2.34.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTOR. BlackRock Inc. increased its position in shares of Meritor by 22,259.3% during the 1st quarter. BlackRock Inc. now owns 5,991,169 shares of the auto parts company’s stock valued at $102,629,000 after purchasing an additional 5,964,374 shares during the last quarter. Rothschild Asset Management Inc. bought a new position in Meritor in the 3rd quarter valued at $37,927,000. SG Capital Management LLC bought a new position in Meritor in the 2nd quarter valued at $15,727,000. Russell Investments Group Ltd. grew its position in Meritor by 340.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 815,739 shares of the auto parts company’s stock valued at $21,218,000 after acquiring an additional 630,702 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Meritor in the 3rd quarter valued at $16,311,000. 98.11% of the stock is currently owned by hedge funds and other institutional investors.
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.
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