Meritor, Inc. (MTOR) Set to Announce Quarterly Earnings on Tuesday

Meritor, Inc. (NYSE:MTOR) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, November 14th. Analysts expect the company to announce earnings of $0.41 per share for the quarter.

Shares of Meritor, Inc. (NYSE:MTOR) opened at $25.89 on Monday. The company has a debt-to-equity ratio of -19.50, a current ratio of 1.12 and a quick ratio of 0.76. Meritor, Inc. has a 1 year low of $11.30 and a 1 year high of $27.96. The company has a market cap of $2,292.97, a P/E ratio of 16.39 and a beta of 2.34.

A number of brokerages have recently weighed in on MTOR. Zacks Investment Research upgraded shares of Meritor from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, July 25th. Stifel Nicolaus restated a “buy” rating and issued a $26.00 price objective (up from $25.00) on shares of Meritor in a research note on Tuesday, September 12th. Barclays PLC restated an “equal weight” rating and issued a $21.00 price objective (up from $17.00) on shares of Meritor in a research note on Tuesday, September 12th. Longbow Research restated a “buy” rating and issued a $28.00 price objective (up from $22.00) on shares of Meritor in a research note on Tuesday, September 19th. Finally, UBS AG restated a “neutral” rating and issued a $19.00 price objective (up from $18.00) on shares of Meritor in a research note on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $25.05.

WARNING: This piece was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://ledgergazette.com/2017/11/13/meritor-inc-mtor-set-to-announce-quarterly-earnings-on-tuesday.html.

Meritor Company Profile

Meritor, Inc is a supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The Company’s segments include Commercial Truck & Industrial and Aftermarket & Trailer.

Earnings History for Meritor (NYSE:MTOR)

Receive News & Ratings for Meritor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meritor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply