Meritor (MTOR) Issues FY19 Earnings Guidance

Meritor (NYSE:MTOR) updated its FY19 earnings guidance on Wednesday. The company provided EPS guidance of ~$3.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.24. The company issued revenue guidance of ~$4.25 billion, compared to the consensus revenue estimate of $4.36 billion.Meritor also updated its FY 2019 guidance to $3.10-3.10 EPS.

Several research firms have recently commented on MTOR. Piper Jaffray Companies reaffirmed a buy rating on shares of Meritor in a report on Thursday. Citigroup dropped their price objective on shares of Meritor from $26.00 to $21.00 and set a neutral rating on the stock in a report on Thursday. Stifel Nicolaus set a $29.00 price objective on shares of Meritor and gave the company a buy rating in a report on Wednesday, August 1st. ValuEngine downgraded shares of Meritor from a hold rating to a sell rating in a report on Wednesday, July 25th. Finally, TheStreet raised shares of Meritor from a c+ rating to a b- rating in a report on Friday, August 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $28.43.

MTOR stock opened at $16.45 on Friday. The firm has a market capitalization of $1.45 billion, a PE ratio of 5.43 and a beta of 2.53. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 2.41. Meritor has a 12 month low of $15.01 and a 12 month high of $29.54.

Meritor (NYSE:MTOR) last announced its quarterly earnings results on Wednesday, November 14th. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.04. Meritor had a net margin of 8.06% and a return on equity of 88.32%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm posted $0.62 earnings per share. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, research analysts expect that Meritor will post 3.1 EPS for the current fiscal year.

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Meritor Company Profile

Meritor, Inc designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates through two segments, Commercial Truck & Industrial; and Aftermarket & Trailer.

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Earnings History and Estimates for Meritor (NYSE:MTOR)

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