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) released its quarterly earnings data on Wednesday, November, 13th. The auto parts company reported $0.83 EPS for the quarter, beating the Zacks' consensus estimate of $0.68 by $0.15. The auto parts company earned $1.03 billion during the quarter, compared to analysts' expectations of $1.06 billion. Meritor had a net margin of 6.63% and a return on equity of 78.25%. The firm's quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. View Meritor's Earnings History.

Meritor is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for Meritor.

Meritor will be holding an earnings conference call on Thursday, January 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Meritor updated its FY 2020 Pre-Market earnings guidance on Monday, November, 25th. The company provided earnings per share guidance of $2.75-2.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.23. The company issued revenue guidance of $$3.7-3.8 billion, compared to the consensus revenue estimate of $$4.14 billion.

7 Wall Street analysts have issued 1-year target prices for Meritor's shares. Their forecasts range from $21.00 to $30.00. On average, they expect Meritor's share price to reach $24.35 in the next year. This suggests a possible upside of 4.4% from the stock's current price. View Analyst Price Targets for Meritor.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritor in the last year. There are currently 5 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 very positive on Friday, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Meritor earned a coverage optimism score of 4.0 on InfoTrie's scale. They also gave media headlines about the auto parts company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Meritor.

Meritor saw a increase in short interest in December. As of December 31st, there was short interest totalling 9,320,000 shares, an increase of 8.5% from the December 15th total of 8,590,000 shares. Based on an average daily volume of 1,510,000 shares, the days-to-cover ratio is presently 6.2 days. Currently, 12.7% of the company's shares 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), Trinity Industries (TRN), Navistar International (NAV), 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 a variety of of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (0.41%), Zeke Capital Advisors LLC (0.03%), Janney Montgomery Scott LLC (0.03%), Kendall Capital Management (0.02%), Campbell & CO Investment Adviser LLC (0.02%) and New York State Teachers Retirement System (0.02%). 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 Peregrine Capital Management LLC and Janney Montgomery Scott LLC. 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, Joseph A Plomin, Paul Bialy and Timothy J Heffron. View Insider Buying and Selling for Meritor.

MTOR stock was purchased by a variety of institutional investors in the last quarter, including Campbell & CO Investment Adviser LLC, Sciencast Management LP, Winmill & CO. Inc., New York State Teachers Retirement System, Zeke Capital Advisors LLC and Kendall Capital Management. 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 $23.33.

Meritor has a market capitalization of $1.82 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]