|Bid||20.00 x 800|
|Ask||23.39 x 800|
|Day's Range||23.00 - 23.82|
|52 Week Range||15.01 - 25.78|
|Beta (3Y Monthly)||2.03|
|PE Ratio (TTM)||8.06|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||27.75|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Meritor (MTOR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Fiat Chrysler's (FCAU) investment of $1.6 billion to build a new facility in Michigan gets the approval of the government.
The acquisition of AxleTech is likely to widen Meritor's (MTOR) product portfolio, enabling it to expand in adjacent end-markets.
TROY, Mich., May 8, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that it has issued a notice of redemption for all of its outstanding $5,569,000.00 aggregate accreted principal amount of 4.00% convertible senior notes due 2027 (the "Notes"). As a result of the issuance of the notice of redemption, the Notes are convertible at any time prior to the close of business on June 7, 2019 at a rate of 37.4111 shares of common stock per $1,000 original principal amount of the Notes (which is equivalent to a conversion price of approximately $26.73 per share).
Meritor, Inc. (NYSE: MTOR ) announced Wednesday that it has entered into an agreement with an affiliate of The Carlyle Group LP (NASDAQ: CG ) to acquire AxleTech for about $175 million in cash. What Happened ...
Seeking to strengthen its portfolio of off-highway, defense and aftermarket business, Meritor (NYSE: MTOR) is acquiring AxleTech from the investment firm The Carlyle Group. Meritor will pay approximately $175 million in cash, adjusted for changes in working capital at closing. AxleTech's offerings include a full product line of independent suspensions, axles, braking solutions and drivetrain components. Meritor had previously owned AxleTech.
TROY, Mich., May 8, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that it has entered into an agreement with an affiliate of The Carlyle Group, a global investment firm, under which Meritor will acquire AxleTech for approximately $175 million in cash, adjusted for changes in working capital at closing and subject to regulatory approvals and customary closing conditions. The transaction advances Meritor's M2022 objectives to accelerate global sales and growth by leveraging the company's core competencies to grow strategically in adjacent markets. The addition of AxleTech enhances Meritor's growth platform, bringing a highly complementary global product portfolio across the off-highway, defense, specialty and aftermarket segments.