For the fiscal second quarter Meritor reported EPS of 22 cents a share, beating the Capital IQ Consensus estimate of 9 cents a share by 13 cents. Revenue grew 5.9% year-over-year to $962 million, beating analysts' estimates of $922.48 million.
Looking to full-year 2014 the company now expects earnings of 50 cents to 60 cents a share, up from its previous guidance of 30 cents to 40 cents a share. Analysts expect EPS of 45 cents a share for the full year. Meritor expects revenue of $3.75 billion to $3.8 billion, while analysts expect $3.7 billion in revenue for the year.
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TheStreet Ratings team rates MERITOR INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate MERITOR INC (MTOR) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall."