Should you short it before the Earnings result? : Meritor (NYSE:MTOR)

Earnings results for Meritor (NYSE:MTOR)

Meritor, Inc. is expected* to report earnings on 11/12/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.04. The reported EPS for the same quarter last year was $0.83.

Analyst Opinion on Meritor (NYSE:MTOR)

5 Wall Street analysts have issued ratings and price targets for Meritor in the last 12 months. Their average twelve-month price target is $25.00, predicting that the stock has a possible downside of 10.65%. The high price target for MTOR is $30.00 and the low price target for MTOR is $23.00. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Meritor has received a consensus rating of Buy. The company’s average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $25.00, Meritor has a forecasted downside of 10.7% from its current price of $27.98. Meritor has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Meritor (NYSE:MTOR)

Meritor does not currently pay a dividend. Meritor does not have a long track record of dividend growth.

Insiders buying/selling: Meritor (NYSE:MTOR)

In the past three months, Meritor insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,407,500.00 in company stock. Only 3.50% of the stock of Meritor is held by insiders. 96.21% of the stock of Meritor is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Meritor (NYSE:MTOR

Earnings for Meritor are expected to grow by 74.76% in the coming year, from $1.03 to $1.80 per share. The P/E ratio of Meritor is 7.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 20.96. The P/E ratio of Meritor is 7.58, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 46.33. Meritor has a P/B Ratio of 5.56. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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