Meritor, Inc. (MTOR)

NYSE: MTOR · IEX Real-Time Price · USD
35.95
-0.04 (-0.11%)
May 16, 2022 4:00 PM EDT - Market closed
Market Cap2.55B
Revenue (ttm)4.10B
Net Income (ttm)220.00M
Shares Out70.86M
EPS (ttm)3.05
PE Ratio11.79
Forward PE10.92
Dividendn/a
Ex-Dividend Daten/a
Volume1,001,231
Open36.04
Previous Close35.99
Day's Range35.93 - 36.05
52-Week Range20.50 - 36.28
Beta1.75
AnalystsSell
Price Target32.90 (-8.5%)
Earnings DateMay 3, 2022

About MTOR

Meritor, Inc. designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components in North America, South America, Europe, and the Asia Pacific. It operates through two segments, Commercial Truck, and Aftermarket and Industrial. The company offers axles, including front steer and rear drive axles for medium- and heavy-duty commercial vehicles; heavy-duty trailer axles; suspension modules and brake products comprising drum and disc brakes; universal joints and driveline components; tra...

IndustryMachinery
IPO DateSep 15, 1997
CEOJeffrey Craig
Employees9,600
Stock ExchangeNYSE
Ticker SymbolMTOR
Full Company Profile

Financial Performance

In 2021, Meritor's revenue was $3.83 billion, an increase of 25.92% compared to the previous year's $3.04 billion. Earnings were $199.00 million, a decrease of -18.78%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for MTOR stock is "Sell." The 12-month stock price forecast is 32.9, which is a decrease of -8.48% from the latest price.

Price Target
$32.9
(-8.48% downside)
Analyst Consensus: Sell
Stock Forecasts

News

Meritor Launches Power Control and Accessory System (PCAS) for Zero Emissions Commercial Vehicles

TROY, Mich., May 9, 2022 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced the production launch of its Power Control and Accessory System (PCAS) for zero emissions commercial vehicles.

1 week ago - PRNewsWire

Meritor Announces Production Milestones for its 14Xe™ Electric Powertrain

TROY, Mich. , May 9, 2022 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced production milestones for its 14Xe™ ePowertrain.

1 week ago - PRNewsWire

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates TMX, FLMN, SAVE, MTOR

NEW YORK, May 9, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of f...

Other symbols:FLMNSAVETMX
1 week ago - PRNewsWire

MERITOR INVESTOR ALERT - Kuznicki Law PLLC Investigates Proposed Sale of Meritor, Inc. - MTOR

CEDARHURST, N.Y.--(BUSINESS WIRE)--Kuznicki Law PLLC is investigating the proposed sale of Meritor, Inc. (NYSE: MTOR) to Cummins Inc. (NYSE: CMI). Under the terms of the proposed transaction, shareholde...

1 week ago - Business Wire

Meritor (MTOR) Q2 Earnings & Sales Top Estimates, Increase Y/Y

Meritor (MTOR) reports robust earnings and sales growth in the second quarter of 2022. It also sees an increase in EBITDA.

1 week ago - Zacks Investment Research

Meritor (MTOR) Beats Q2 Earnings and Revenue Estimates

Meritor (MTOR) delivered earnings and revenue surprises of 2.08% and 7.36%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates TGNA, OBNK, HR, MTOR

NEW YORK, May 3, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of f...

Other symbols:HROBNKTGNA
1 week ago - PRNewsWire

Meritor Reports Second-Quarter Fiscal Year 2022 Results

TROY, Mich. , May 3, 2022 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its second fiscal quarter that ended March 31, 2022.

1 week ago - PRNewsWire

SHAREHOLDER ALERT: Weiss Law Reminds TGNA, MTOR, TEN, and CDK Shareholders About Its Ongoing Investigations

NEW YORK , May 2, 2022 /PRNewswire/ --  If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or...

Other symbols:CDKTENTGNA
2 weeks ago - PRNewsWire

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates CDK, TGNA, LMAO, MTOR, TEN

NEW YORK , April 25, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches ...

Other symbols:CDKLMAOTENTGNA
3 weeks ago - PRNewsWire

Meritor To Release Fiscal Year 2022 Second-Quarter Earnings Results

TROY, Mich. , April 19, 2022 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) will release the company's second-quarter results for fiscal year 2022 on Tuesday, May 3, 2022.

3 weeks ago - PRNewsWire

Meritor Publishes 2021 Sustainability Report

TROY, Mich. , April 11, 2022 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that it has published its 2021 Sustainability Report which is now available on the company's website at meritor.com.

1 month ago - PRNewsWire

Meritor Announces Standard Position Agreement with Extreme Trailers, LLC

TROY, Mich. , March 31, 2022 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced a new standard position agreement with Extreme Trailers, LLC.

1 month ago - PRNewsWire

Meritor Earns Heavy Duty Trucking's Top 20 Product Award for 14Xe™ ePowertrain

TROY, Mich., March 8, 2022 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced it has been honored in Heavy Duty Trucking Magazine's 2022 Top 20 Products Awards for its 14Xe™ ePowertrain, a fully...

2 months ago - PRNewsWire

Clarience Technologies Forms Technology Alliance with Meritor to Explore Future Connectivity Solutions in Commercial ...

ORLANDO, Fla., March 8, 2022 /PRNewswire/ -- Clarience Technologies and Meritor (NYSE: MTOR) are forming a technology alliance to develop future connectivity solutions for commercial trucks and trailers.

2 months ago - PRNewsWire

Meritor (MTOR) Inks Pact With ConMet on Zero-Emission Trailers

Meritor (MTOR) partners with ConMet to work on an innovative and futuristic zero-emission refrigerated trailer system.

2 months ago - Zacks Investment Research

Meritor Announces Collaboration with ConMet eMobility to Enable Zero-Emission Trailers

TROY, Mich., March 3, 2022 /PRNewswire/ --  Meritor, Inc. (NYSE: MTOR) today announced it has entered into a collaboration agreement with ConMet in which Meritor will develop purpose-built trailer suspe...

2 months ago - PRNewsWire

Larry Robbins Shifts Meritor Stake Into a Higher Gear

Following a boost in the fourth quarter, Glenview Capital Management's Larry Robbins (Trades, Portfolio) disclosed last week he further increased his stake in Meritor Inc. ( MTOR , Financial) by 29.96%.

2 months ago - GuruFocus

MERITOR INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of P...

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Meritor, Inc. (NYS...

2 months ago - Business Wire

Cummins (CMI) to Takeover Meritor (MTOR) in $3.7 Billion Deal

To drive powertrain technology and give a push to electric and hybrid vehicle parts, Cummins (CMI) is set to acquire Meritor (MTOR).

Other symbols:CMI
2 months ago - Zacks Investment Research

Meritor shares shoot up by 45% after announcing it'd be acquired by Cumins

Meritor, Inc. (NYSE: MTOR), whose shares rose by 45%, and Cummins Inc. (NYSE: CMI) recently announced they'd executed a definitive purchase agreement whereby Meritor, a leader of the electric powertrain...

Other symbols:CMI
2 months ago - Invezz

Cummins will buy Meritor for $3.7B

Cummins Inc., which is rapidly transforming from solely a leading maker of diesel engines into electric powertrains and zero-emissions technologies, said Tuesday it will pay $3.7 billion in cash to acqu...

Other symbols:CMI
2 months ago - FreightWaves

Meritor shares headed toward 24-year high after Cummins buys axle, braking and powertrain maker for $3.7 billion

Shares of Meritor Inc., a maker of axle, braking and electric powertrain components, were headed toward a 24-year high Tuesday, after the company announced a deal to be acquired by diesel truck engine m...

Other symbols:CMI
2 months ago - Market Watch

MTOR Stock Alert: 11 Things to Know About the Acquisition Sending Meritor Soaring

Meritor (MTOR) stock is on the move today as investors react to news about a $3.7 billion acquisition deal with Cummins (CMI). The post MTOR Stock Alert: 11 Things to Know About the Acquisition Sending ...

2 months ago - InvestorPlace

Why Meritor Stock Is Soaring Today

Cummins is paying up to acquire the commercial vehicle component manufacturer.

2 months ago - The Motley Fool