NYSE:MTOR - Meritor Stock Price, Forecast & News

Meritor trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTOR."

Meritor Inc (NYSE:MTOR) issued its quarterly earnings data on Thursday, January, 30th. The auto parts company reported $0.64 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.57 by $0.07. The auto parts company earned $901 million during the quarter, compared to analyst estimates of $919.38 million. Meritor had a net margin of 5.65% and a return on equity of 71.38%. The company's revenue for the quarter was down 13.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.79 EPS. View Meritor's Earnings History.

Meritor is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Meritor.

Meritor issued an update on its FY20 earnings guidance on Thursday, January, 30th. The company provided earnings per share guidance of ~$2.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.79. The company issued revenue guidance of ~$3.7 billion, compared to the consensus revenue estimate of $3.73 billion.

6 equities research analysts have issued 1 year price objectives for Meritor's shares. Their forecasts range from $21.00 to $30.00. On average, they expect Meritor's share price to reach $24.74 in the next year. This suggests that the stock has a possible downside of 1.4%. View Analyst Price Targets for Meritor.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritor in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Meritor.

Headlines about MTOR stock have been trending negative recently, according to InfoTrie Sentiment. The research firm rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Meritor earned a news sentiment score of -2.5 on InfoTrie's scale. They also gave news coverage about the auto parts company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Meritor.

Meritor saw a increase in short interest in January. As of January 31st, there was short interest totalling 10,180,000 shares, an increase of 9.2% from the January 15th total of 9,320,000 shares. Based on an average trading volume of 1,530,000 shares, the days-to-cover ratio is presently 6.7 days. Currently, 13.8% of the shares of the company are sold short. View Meritor's Current Options Chain.

Some companies that are related to Meritor include Caterpillar (CAT), Deere & Company (DE), PACCAR (PCAR), Cummins (CMI), Westinghouse Air Brake Technologies (WAB), Toro (TTC), WABCO (WBC), Oshkosh (OSK), AGCO (AGCO), Navistar International (NAV), Trinity Industries (TRN), Federal Signal (FSS), Terex (TEX), Alamo Group (ALG) and Douglas Dynamics (PLOW).

Based on aggregate information from My MarketBeat watchlists, some companies that other Meritor investors own include Intel (INTC), NVIDIA (NVDA), Micron Technology (MU), CVS Health (CVS), Visa (V), Applied Materials (AMAT), Gilead Sciences (GILD), Alibaba Group (BABA), Lam Research (LRCX) and Caterpillar (CAT).

Meritor's stock is owned by many different of retail and institutional investors. Top institutional investors include LSV Asset Management (5.58%), Towle & Co. (2.87%), Victory Capital Management Inc. (2.67%), Victory Capital Management Inc. (2.43%), State Street Corp (2.22%) and Royce & Associates LP (2.01%). Company insiders that own Meritor stock include Boise April Miller, Carl Douglas Anderson II, Chris Villavarayan, Jeffrey A Craig, Joseph A Plomin, Kevin Nowlan, Paul Bialy, Rodger L Boehm and Timothy J Heffron. View Institutional Ownership Trends for Meritor.

MTOR stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Royce & Associates LP, Towle & Co., ICM Asset Management Inc. WA, Alliancebernstein L.P., Chicago Equity Partners LLC, Russell Investments Group Ltd. and GAM Holding AG. Company insiders that have sold Meritor company stock in the last year include Boise April Miller, Carl Douglas Anderson II, Chris Villavarayan, Jeffrey A Craig and Paul Bialy. View Insider Buying and Selling for Meritor.

MTOR stock was purchased by a variety of institutional investors in the last quarter, including Driehaus Capital Management LLC, Scopus Asset Management L.P., Renaissance Technologies LLC, Victory Capital Management Inc., Man Group plc, California Public Employees Retirement System, Schroder Investment Management Group and MERIAN GLOBAL INVESTORS UK Ltd. View Insider Buying and Selling for Meritor.

Shares of MTOR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MTOR stock can currently be purchased for approximately $25.10.

Meritor has a market capitalization of $1.86 billion and generates $4.39 billion in revenue each year. The auto parts company earns $291 million in net income (profit) each year or $3.82 on an earnings per share basis. Meritor employs 9,100 workers across the globe.View Additional Information About Meritor.

The official website for Meritor is http://www.meritor.com/.

Meritor's mailing address is 2135 W MAPLE ROAD, TROY MI, 48084. The auto parts company can be reached via phone at 248-435-1000 or via email at [email protected]