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 results on Thursday, January, 30th. The auto parts company reported $0.64 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.57 by $0.07. The auto parts company had revenue of $901 million for the quarter, compared to analysts' expectations of $919.38 million. Meritor had a return on equity of 71.38% and a net margin of 5.65%. The business's revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 earnings per share. 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 (EPS) guidance of ~$2.75 for the period, compared to the Thomson Reuters consensus estimate of $2.79. The company issued revenue guidance of ~$3.7 billion, compared to the consensus revenue estimate of $3.73 billion.

6 analysts have issued twelve-month target prices for Meritor's stock. Their forecasts range from $21.00 to $30.00. On average, they anticipate Meritor's share price to reach $24.74 in the next twelve months. This suggests a possible upside of 5.3% from the stock's current price. 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.

News articles about MTOR stock have been trending extremely negative this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Meritor earned a news impact score of -4.5 on InfoTrie's scale. They also assigned news headlines about the auto parts company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Meritor.

Meritor saw a increase in short interest during the month of 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 daily trading volume, of 1,530,000 shares, the short-interest ratio is currently 6.7 days. Approximately 13.8% of the shares of the company are short sold. 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 Lindsay (LNN).

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), Lam Research (LRCX), Alibaba Group (BABA) and Caterpillar (CAT).

Meritor's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders 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 $23.50.

Meritor has a market capitalization of $1.74 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]