Analysts expect Meritor Inc (NYSE:MTOR) to announce sales of $1.17 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Meritor’s earnings, with the lowest sales estimate coming in at $1.13 billion and the highest estimate coming in at $1.20 billion. Meritor posted sales of $1.13 billion in the same quarter last year, which suggests a positive year over year growth rate of 3.5%. The business is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, July 31st.
On average, analysts expect that Meritor will report full year sales of $4.41 billion for the current financial year, with estimates ranging from $4.40 billion to $4.42 billion. For the next year, analysts forecast that the firm will post sales of $4.21 billion, with estimates ranging from $4.17 billion to $4.26 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Meritor.
Meritor (NYSE:MTOR) last released its quarterly earnings results on Wednesday, May 1st. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.16. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.11 billion. Meritor had a return on equity of 89.66% and a net margin of 5.86%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 EPS.
In other Meritor news, SVP Chris Villavarayan sold 21,723 shares of Meritor stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $23.21, for a total value of $504,190.83. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rodger L. Boehm bought 2,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was bought at an average price of $21.00 per share, for a total transaction of $42,000.00. The disclosure for this purchase can be found here. Company insiders own 2.80% of the company’s stock.
Several hedge funds have recently made changes to their positions in MTOR. NumerixS Investment Technologies Inc purchased a new stake in shares of Meritor in the first quarter valued at approximately $122,000. Quantamental Technologies LLC boosted its stake in shares of Meritor by 84.1% in the first quarter. Quantamental Technologies LLC now owns 2,629 shares of the auto parts company’s stock valued at $54,000 after buying an additional 1,201 shares in the last quarter. Weber Alan W boosted its stake in shares of Meritor by 122.7% in the fourth quarter. Weber Alan W now owns 72,600 shares of the auto parts company’s stock valued at $1,228,000 after buying an additional 40,000 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Meritor by 1.9% in the fourth quarter. Legal & General Group Plc now owns 66,243 shares of the auto parts company’s stock valued at $1,121,000 after buying an additional 1,204 shares in the last quarter. Finally, Boston Advisors LLC boosted its stake in shares of Meritor by 12.9% in the first quarter. Boston Advisors LLC now owns 149,540 shares of the auto parts company’s stock valued at $3,043,000 after buying an additional 17,030 shares in the last quarter. Institutional investors own 95.13% of the company’s stock.
NYSE:MTOR traded up $0.33 during mid-day trading on Friday, reaching $23.66. 582,903 shares of the stock were exchanged, compared to its average volume of 661,972. The company has a 50 day moving average of $22.87. The firm has a market capitalization of $1.95 billion, a PE ratio of 7.81 and a beta of 2.22. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.15 and a quick ratio of 0.68. Meritor has a 1 year low of $15.01 and a 1 year high of $25.78.
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; and Aftermarket, Industrial and Trailer.
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