Zacks: Analysts Anticipate Meritor Inc (MTOR) to Post $0.43 EPS

Analysts expect that Meritor Inc (NYSE:MTOR) will announce $0.43 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Meritor’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.45. Meritor posted earnings per share of $0.57 in the same quarter last year, which indicates a negative year-over-year growth rate of 24.6%. The company is scheduled to announce its next quarterly earnings report on Wednesday, August 2nd.

According to Zacks, analysts expect that Meritor will report full-year earnings of $1.42 per share for the current financial year, with EPS estimates ranging from $1.40 to $1.45. For the next financial year, analysts expect that the firm will report earnings of $1.82 per share, with EPS estimates ranging from $1.57 to $2.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Meritor.

Meritor (NYSE:MTOR) last announced its quarterly earnings results on Wednesday, May 3rd. The auto parts company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.01. Meritor had a negative return on equity of 36.22% and a net margin of 17.48%. The company had revenue of $806 million during the quarter, compared to analyst estimates of $785.42 million. During the same period in the prior year, the firm earned $0.41 EPS. Meritor’s quarterly revenue was down 1.8% on a year-over-year basis.

MTOR has been the subject of a number of research analyst reports. Zacks Investment Research cut Meritor from a “buy” rating to a “hold” rating in a report on Monday, May 8th. ValuEngine upgraded Meritor from a “buy” rating to a “strong-buy” rating in a report on Friday. KeyCorp upgraded Meritor from a “sector weight” rating to an “overweight” rating and set a $20.00 price target for the company in a report on Tuesday, February 21st. Barclays PLC lifted their price target on Meritor from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, March 23rd. Finally, Royal Bank of Canada initiated coverage on Meritor in a report on Monday, May 15th. They set an “outperform” rating and a $22.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $15.00.

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In related news, Director William R. Newlin acquired 5,934 shares of the business’s stock in a transaction on Monday, May 8th. The stock was purchased at an average cost of $16.84 per share, for a total transaction of $99,928.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.87% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its stake in Meritor by 2.3% in the first quarter. Public Employees Retirement System of Ohio now owns 39,952 shares of the auto parts company’s stock worth $684,000 after buying an additional 917 shares during the last quarter. ICM Asset Management Inc. WA increased its stake in Meritor by 72.6% in the first quarter. ICM Asset Management Inc. WA now owns 58,265 shares of the auto parts company’s stock worth $998,000 after buying an additional 24,505 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Meritor during the first quarter worth about $543,000. AQR Capital Management LLC boosted its position in shares of Meritor by 72.1% in the first quarter. AQR Capital Management LLC now owns 911,590 shares of the auto parts company’s stock worth $15,616,000 after buying an additional 381,757 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of Meritor during the first quarter worth about $4,246,000. Institutional investors own 90.74% of the company’s stock.

Meritor (NYSE:MTOR) traded down 1.85% during trading on Friday, hitting $15.42. The company had a trading volume of 924,587 shares. The stock has a 50-day moving average of $16.68 and a 200-day moving average of $15.21. Meritor has a one year low of $6.30 and a one year high of $18.29. The stock has a market capitalization of $1.37 billion, a PE ratio of 2.52 and a beta of 2.31.

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.

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