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) announced its quarterly earnings results on Wednesday, July, 31st. The auto parts company reported $1.20 earnings per share (EPS) for the quarter, topping the 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 prior year, the business earned $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 updated its FY19 earnings guidance on Wednesday, July, 31st. The company provided earnings per share guidance of $3.70 for the period, compared to the Thomson Reuters consensus 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 1 year target prices for Meritor's shares. Their predictions range from $18.00 to $30.00. On average, they anticipate Meritor's share price to reach $23.49 in the next twelve months. This suggests a possible upside of 21.8% 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.

News headlines about MTOR stock have been trending negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Meritor earned a news impact score of -2.0 on InfoTrie's scale. They also assigned news headlines about the auto parts company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Meritor.

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

Some companies that are related to Meritor include Allison Transmission (ALSN), Dorman Products (DORM), LCI Industries (LCII), Adient (ADNT), Dana (DAN), Veoneer (VNE), Gentherm (THRM), Delphi Technologies (DLPH), Standard Motor Products (SMP), American Axle & Manufact. (AXL), Stoneridge (SRI), Garrett Motion (GTX), IOCHPE MAXION S/S (IOCJY), Tenneco (TEN) and Tower International (TOWR).

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 a variety of of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (0.39%), Denali Advisors LLC (0.09%) and Fox Run Management L.L.C. (0.03%). 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 and Fox Run Management L.L.C.. 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 Denali Advisors LLC. 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 $19.28.

Meritor has a market capitalization of $1.59 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]