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.
TRADEMARK VIOLATION WARNING: This piece was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://sportsperspectives.com/2018/11/16/meritor-mtor-issues-fy19-earnings-guidance.html.
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.
Read More: Determine Your Level of Risk Tolerance
Receive News & Ratings for Meritor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meritor and related companies with MarketBeat.com's FREE daily email newsletter.