About Meritor (NYSE:MTOR)
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. The Commercial Truck & Industrial segment supplies drivetrain systems and components, including axles, drivelines and braking and suspension systems, for medium- and heavy-duty trucks, off-highway, military, construction, bus and coach, fire and emergency and other applications in North America, South America, Europe and Asia Pacific. The Commercial Truck & Industrial segment also includes the Company's aftermarket businesses in Asia Pacific and South America. The Aftermarket & Trailer segment supplies axles, brakes, drivelines, suspension parts and other replacement and remanufactured parts to commercial vehicle aftermarket customers in North America and Europe.
Industry, Sector and Symbol:
- Sector: Cyclical Consumer Goods & Services
- Industry: Auto, Truck & Motorcycle Parts
- Sub-Industry: Construction & Farm Machinery & Heavy Trucks
- Symbol: NYSE:MTOR
- CUSIP: 59001K10
- Web: www.meritor.com
- Market Cap: $2.35 billion
- Outstanding Shares: 88,565,000
- 50 Day Moving Avg: $24.63
- 200 Day Moving Avg: $19.02
- 52 Week Range: $9.84 - $27.03
Sales & Book Value:
- Trailing P/E Ratio: 4.30
- Foreward P/E Ratio: 11.77
- P/E Growth: 0.68
- Annual Revenue: $3.15 billion
- Price / Sales: 0.74
- Book Value: ($0.95) per share
- Price / Book: -27.87
- EBITDA: $255 million
- Net Margins: 5.65%
- Return on Assets: 7.95%
- Debt-to-Equity Ratio: -19.50%
- Current Ratio: 1.12%
- Quick Ratio: 0.76%
- Average Volume: 1.58 million shs.
- Beta: 2.3
- Short Ratio: 8.49
Frequently Asked Questions for Meritor (NYSE:MTOR)
What is Meritor's stock symbol?
Meritor trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTOR."
How were Meritor's earnings last quarter?
Meritor Inc (NYSE:MTOR) issued its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.20. The firm earned $920 million during the quarter, compared to the consensus estimate of $846.19 million. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 earnings per share. View Meritor's Earnings History.
When will Meritor make its next earnings announcement?
What guidance has Meritor issued on next quarter's earnings?
Meritor updated its FY17 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of ~$1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.44. The company issued revenue guidance of $3.25 billion, compared to the consensus revenue estimate of $3.15 billion.
Where is Meritor's stock going? Where will Meritor's stock price be in 2017?
8 equities research analysts have issued 1 year target prices for Meritor's stock. Their forecasts range from $21.50 to $37.00. On average, they anticipate Meritor's stock price to reach $25.56 in the next twelve months. View Analyst Ratings for Meritor.
What are analysts saying about Meritor stock?
Here are some recent quotes from research analysts about Meritor stock:
- 1. According to Zacks Investment Research, "Quarterly earnings estimates for Meritor have been going up of late. The company has gained new businesses and customers, which is poised to benefit its financials. It is also planning to launch 20 new products over the next 3 years and aims to achieve a revenue growth of 20% above the market, cumulatively and an increase of $1.25 per share in earnings. Moreover, Meritor’s continuous share repurchase programs are set to lower its interest expenses and improve its debt ratios, leading to a boost in shareholders’ return." (7/25/2017)
- 2. Stifel Nicolaus analysts commented, "Our upgrade is primarily a reflection of incorporating higher assumptions for production of heavy and medium duty commercial vehicles into our models. Specifically, we are increasing our Class 8 production estimates for 2018 and 2019 from 210,000 and 250,000 units to 230,000 and 265,000 units, respectively. Meanwhile, we are maintaining our 2017 Class 8 production forecast at an even 200,000 units, reflective of only tepid Class 8 orders the past several months. The increases to our 2018 and 2019 production estimates reflect a combination of improving economic and industry factors, including expected impact from electronic logging devices. For detail on our current high-level thoughts, see today's industry report." (1/26/2017)
Who are some of Meritor's key competitors?
Some companies that are related to Meritor include Dana Incorporated (DAN), Visteon Corporation (VC), Tenneco (TEN), Cooper-Standard Holdings (CPS), Fox Factory Holding Corp. (FOXF), Metaldyne Performance Group (MPG), Gentherm (THRM), Stoneridge (SRI), Motorcar Parts of America (MPAA), Horizon Global Corporation (HZN), Superior Industries International (SUP), China XD Plastics Company Limited (CXDC), Fenix Parts (FENX), Torotrak plc (TRK) and Harman International Industries (HAR).
Who are Meritor's key executives?
Meritor's management team includes the folowing people:
- William R. Newlin, Independent Chairman of the Board, Lead Director
- Jeffrey A. Craig, President, Chief Executive Officer, Director
- Kevin A. Nowlan, Chief Financial Officer, Senior Vice President
- Joseph A. Plomin, President - International
- Robert H. Speed, President, Aftermarket & Trailer and Chief Procurement Officer
- Chris Villavarayan, President, Americas
- April Miller Boise, Senior Vice President, General Counsel, Corporate Secretary
- Paul Bialy, Vice President, Controller and Principal Accounting Officer
- Timothy J. Heffron, Chief Information Officer, Vice President- Human Resource
- Jan A. Bertsch, Director
Who owns Meritor stock?
Meritor's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Robeco Institutional Asset Management B.V. (0.06%), APG Asset Management N.V. (0.06%), Meeder Asset Management Inc. (0.01%) and Strs Ohio (0.01%). Company insiders that own Meritor stock include Ivor J Evans, Jeffrey A Craig, Joseph A Plomin, Kevin Nowlan, Paul Bialy, Robert H Speed, Timothy J Heffron, Victoria J Bridges, William J Lyons and William R Newlin. View Institutional Ownership Trends for Meritor.
Who sold Meritor stock? Who is selling Meritor stock?
Meritor's stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio. Company insiders that have sold Meritor stock in the last year include Ivor J Evans, Jeffrey A Craig, Kevin Nowlan, Paul Bialy, Robert H Speed, Timothy J Heffron and Victoria J Bridges. View Insider Buying and Selling for Meritor.
Who bought Meritor stock? Who is buying Meritor stock?
Meritor's stock was purchased by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Robeco Institutional Asset Management B.V. and Meeder Asset Management Inc.. Company insiders that have bought Meritor stock in the last two years include William J Lyons and William R Newlin. View Insider Buying and Selling for Meritor.
How do I buy Meritor stock?
Shares of Meritor can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Meritor's stock price today?
MarketBeat Community Rating for Meritor (NYSE MTOR)MarketBeat's community ratings are surveys of what our community members think about Meritor and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Meritor stock can currently be purchased for approximately $26.48.
Consensus Ratings for Meritor (NYSE:MTOR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||4 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$25.56 (3.46% downside)|Consensus Price Target History for Meritor (NYSE:MTOR)
Analysts' Ratings History for Meritor (NYSE:MTOR)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/20/2017||Barclays PLC||Set Price Target||Hold||$21.00 -> $22.00||N/A|
|10/12/2017||Longbow Research||Downgrade||Buy -> Neutral||N/A|
|9/19/2017||KeyCorp||Reiterated Rating||Buy||$23.00 -> $37.00||High|
|9/12/2017||Citigroup Inc.||Reiterated Rating||Neutral||$19.00 -> $22.00||Low|
|9/12/2017||J P Morgan Chase & Co||Boost Price Target||Neutral||$19.00 -> $21.50||Low|
|9/12/2017||Stifel Nicolaus||Reiterated Rating||Buy||$25.00 -> $26.00||Medium|
|9/5/2017||Buckingham Research||Initiated Coverage||Buy -> Buy||$25.00||Low|
|9/4/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$23.00||Low|
|6/28/2016||Piper Jaffray Companies||Downgrade||Neutral -> Underweight||$6.50 -> $6.00||N/A|
|3/3/2016||Morgan Stanley||Reiterated Rating||Outperform||N/A|
Earnings History for Meritor (NYSE:MTOR)Earnings History by Quarter for Meritor (NYSE MTOR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q3 2017||$0.44||$0.64||$846.19 million||$920.00 million||View||Listen|
|5/3/2017||Q2 2017||$0.36||$0.35||$785.42 million||$806.00 million||View||Listen|
|2/1/2017||Q117||$0.19||$0.25||$721.43 million||$699.00 million||View||Listen|
|11/16/2016||Q416||$0.28||$0.34||$747.98 million||$728.00 million||View||Listen|
|8/3/2016||Q316||$0.43||$0.57||$841.79 million||$841.00 million||View||Listen|
|5/4/2016||Q216||$0.41||$0.41||$836.91 million||$821.00 million||View||Listen|
|2/3/2016||Q116||$0.37||$0.33||$843.61 million||$809.00 million||View||Listen|
|11/10/2015||Q415||$0.30||$0.39||$866.66 million||$853.00 million||View||Listen|
|7/29/2015||Q315||$0.33||$0.41||$913.69 million||$909.00 million||View||Listen|
|4/29/2015||Q215||$0.32||$0.41||$946.57 million||$864.00 million||View||Listen|
|1/28/2015||Q115||$0.29||$0.35||$905.85 million||$879.00 million||View||Listen|
|11/12/2014||Q414||$0.16||$0.35||$919.71 million||$933.00 million||View||Listen|
|7/31/2014||Q314||$0.15||$0.28||$974.85 million||$986.00 million||View||Listen|
|5/1/2014||Q214||$0.09||$0.22||$920.24 million||$962.00 million||View||Listen|
|1/29/2014||Q114||$0.06||$0.12||$922.07 million||$907.00 million||View||Listen|
|11/13/2013||Q413||$0.10||$0.11||$965.84 million||$909.00 million||View||Listen|
|7/31/2013||Q3 2013||$0.19||$0.34||$1.02 billion||$993.00 million||View||Listen|
|4/30/2013||Q2 2013||$0.04||$0.06||$912.60 million||$908.00 million||View||Listen|
|1/30/2013||Q1 2013||$0.04||($0.11)||$940.73 million||$891.00 million||View||Listen|
|11/14/2012||Q412||$0.19||$0.32||$1.01 billion||$986.00 million||View||N/A|
Earnings Estimates for Meritor (NYSE:MTOR)
Current Year EPS Consensus Estimate: $1.70 EPS
Next Year EPS Consensus Estimate: $2.25 EPS
Dividend History for Meritor (NYSE:MTOR)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Meritor (NYSE:MTOR)
Insider Ownership Percentage: 2.87%Insider Trades by Quarter for Meritor (NYSE:MTOR)
Institutional Ownership Percentage: 93.23%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/8/2017||Robert H Speed||SVP||Sell||4,192||$19.23||$80,612.16|| |
|5/8/2017||William R. Newlin||Director||Buy||5,934||$16.84||$99,928.56|| |
|2/3/2017||Ivor J Evans||Director||Sell||160,925||$15.00||$2,413,875.00|| |
|2/3/2017||Timothy J Heffron||SVP||Sell||6,000||$15.07||$90,420.00|| |
|2/2/2017||Timothy J. Heffron||SVP||Sell||2,800||$15.15||$42,420.00|| |
|1/3/2017||Kevin Nowlan||CFO||Sell||5,250||$12.70||$66,675.00|| |
|12/12/2016||Victoria J. Bridges||Director||Sell||3,868||$12.95||$50,090.60|| |
|12/2/2016||Ivor J. Evans||Director||Sell||238,077||$12.44||$2,961,677.88|| |
|12/2/2016||Jeffrey A. Craig||CEO||Sell||108,780||$12.44||$1,353,223.20|| |
|12/2/2016||Kevin Nowlan||CFO||Sell||22,796||$12.45||$283,810.20|| |
|12/2/2016||Paul Bialy||VP||Sell||2,740||$12.44||$34,085.60|| |
|12/2/2016||Timothy J. Heffron||SVP||Sell||14,005||$12.45||$174,362.25|| |
|5/19/2016||William J Lyons||Director||Buy||2,799||$8.01||$22,419.99|| |
|12/2/2015||Jeffrey A Craig||CEO||Sell||19,496||$10.34||$201,588.64|| |
|12/2/2015||Joseph A Plomin||Insider||Sell||4,323||$10.34||$44,699.82|| |
|12/2/2015||Kevin Nowlan||CFO||Sell||1,858||$10.35||$19,230.30|| |
|12/2/2015||Paul Bialy||VP||Sell||2,655||$10.32||$27,399.60|| |
|2/9/2015||William J Lyons||Director||Buy||1,920||$13.71||$26,323.20|| |
|2/3/2015||William R Newlin||Director||Buy||18,670||$13.34||$249,057.80|| |
|12/2/2014||Jeffrey A Craig||COO||Sell||34,400||$13.98||$480,912.00|| |
|12/2/2014||Kevin Nowlan||CFO||Sell||3,200||$13.98||$44,736.00|| |
|8/28/2014||William J Lyons||Director||Buy||1,868||$13.59||$25,386.12|| |
|5/9/2014||William Lyons||Director||Buy||5,576||$13.40||$74,718.40|| |
|5/6/2014||William Newlin||Director||Buy||21,897||$13.60||$297,799.20|| |
|12/3/2013||Jeffrey Craig||VP||Sell||8,729||$7.73||$67,475.17|| |
|12/3/2013||Kevin Nowlan||CFO||Sell||1,091||$7.75||$8,455.25|| |
|12/2/2013||William Lyons||Director||Buy||3,269||$7.82||$25,563.58|| |
|11/22/2013||William Newlin||Director||Buy||13,850||$7.19||$99,581.50|| |
|11/21/2013||William Newlin||Director||Buy||14,044||$7.12||$99,993.28|| |
|11/14/2013||William Newlin||Director||Buy||29,282||$6.70||$196,189.40|| |
|8/12/2013||William Lyons||Director||Buy||1,050||$7.68||$8,064.00|| |
|8/9/2013||William Lyons||Director||Buy||2,000||$7.65||$15,300.00|| |
Headline Trends for Meritor (NYSE:MTOR)
Latest Headlines for Meritor (NYSE:MTOR)
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Meritor (MTOR) Chart for Monday, October, 23, 2017