Meritor, Inc. (NYSE:MTOR) posted its quarterly earnings results on Wednesday. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.15, Bloomberg Earnings reports. Meritor had a net margin of 17.03% and a negative return on equity of 106.67%. The business had revenue of $922.00 million during the quarter, compared to analyst estimates of $836.39 million. During the same period in the prior year, the business posted $0.34 earnings per share. The company’s revenue was up 26.6% on a year-over-year basis. Meritor updated its FY18 guidance to $2.20-2.40 EPS.
Meritor (NYSE MTOR) traded up $0.16 during mid-day trading on Friday, reaching $23.87. 2,419,144 shares of the company were exchanged, compared to its average volume of 1,186,684. Meritor has a 12 month low of $12.18 and a 12 month high of $27.96. The company has a market capitalization of $2,100.00, a P/E ratio of 16.32 and a beta of 2.34. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of -19.50.
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A number of analysts have recently weighed in on MTOR shares. Royal Bank Of Canada reiterated a “buy” rating and set a $23.00 target price on shares of Meritor in a report on Monday, September 4th. Zacks Investment Research upgraded shares of Meritor from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Tuesday, July 25th. Barclays PLC set a $22.00 target price on shares of Meritor and gave the stock a “hold” rating in a report on Friday, October 20th. UBS AG reiterated a “neutral” rating and set a $19.00 target price (up from $18.00) on shares of Meritor in a report on Thursday, August 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $26.00 target price (up from $25.00) on shares of Meritor in a report on Tuesday, September 12th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $25.75.
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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