Meritor Stock Price, News & Analysis (NYSE:MTOR)

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

Meritor Inc (NYSE:MTOR) posted its earnings results on Wednesday, July, 31st. The auto parts company reported $1.20 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.95 by $0.25. The auto parts company earned $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. Meritor had a net margin of 6.31% and a return on equity of 83.77%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 earnings per share. View Meritor's Earnings History.

Meritor is scheduled to release their next quarterly earnings announcement on Wednesday, November 13th 2019. View Earnings Estimates for Meritor.

Meritor will be holding an earnings conference call on Wednesday, November 13th 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 FY19 earnings guidance on Wednesday, July, 31st. The company provided earnings per share (EPS) guidance of $3.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.56. The company issued revenue guidance of $4.4 billion, compared to the consensus revenue estimate of $4.42 billion.

9 Wall Street analysts have issued 12-month price targets for Meritor's stock. Their forecasts range from $18.00 to $30.00. On average, they anticipate Meritor's stock price to reach $23.49 in the next twelve months. This suggests a possible upside of 4.6% from the stock's current price. View Analyst Price Targets for Meritor.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritor in the last year. There are currently 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Meritor.

Headlines about MTOR stock have been trending somewhat positive on Wednesday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Meritor earned a daily sentiment score of 2.0 on InfoTrie's scale. They also assigned news stories about the auto parts company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Meritor.

Meritor saw a decrease in short interest in the month of September. As of September 15th, there was short interest totalling 9,600,000 shares, a decrease of 5.2% from the August 15th total of 10,130,000 shares. Based on an average trading volume of 772,400 shares, the short-interest ratio is presently 12.4 days. Approximately 12.3% of the company's shares are short sold. View Meritor's Current Options Chain.

Some companies that are related to Meritor include Caterpillar (CAT), Deere & Company (DE), Cummins (CMI), PACCAR (PCAR), Westinghouse Air Brake Technologies (WAB), Toro (TTC), WABCO (WBC), AGCO (AGCO), Oshkosh (OSK), Navistar International (NAV), Trinity Industries (TRN), Terex (TEX), Federal Signal (FSS), 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), Micron Technology (MU), NVIDIA (NVDA), Applied Materials (AMAT), CVS Health (CVS), Visa (V), Alibaba Group (BABA), Caterpillar (CAT), Gilead Sciences (GILD) and Lam Research (LRCX).

Meritor's stock is owned by many different of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.39%), Rhumbline Advisers (0.13%), State of New Jersey Common Pension Fund D (0.12%), Alberta Investment Management Corp (0.12%), Denali Advisors LLC (0.09%) and Virginia Retirement Systems ET AL (0.04%). Company insiders that own Meritor stock include Boise April Miller, 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, Fox Run Management L.L.C., Alberta Investment Management Corp and Rhumbline Advisers. Company insiders that have sold Meritor company stock in the last year include Boise April Miller, Chris Villavarayan, Jeffrey A Craig, Joseph A Plomin, Kevin Nowlan, Paul Bialy and Timothy J Heffron. View Insider Buying and Selling for Meritor.

MTOR stock was bought by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Denali Advisors LLC, Robeco Institutional Asset Management B.V., Convergence Investment Partners LLC, Meeder Asset Management Inc. and Virginia Retirement Systems ET AL. 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 $22.45.

Meritor has a market capitalization of $1.85 billion and generates $4.18 billion in revenue each year. The auto parts company earns $117 million in net income (profit) each year or $3.03 on an earnings per share basis. Meritor employs 8,600 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]