Mettler-Toledo International, Inc. (NYSE:MTD) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $19.65-19.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $19.72. Mettler-Toledo International also updated its Q4 guidance to $5.90 EPS.
MTD has been the subject of a number of research analyst reports. Jefferies Group LLC reissued a hold rating and issued a $600.00 target price on shares of Mettler-Toledo International in a report on Friday, October 20th. Bank of America Corporation lifted their price objective on Mettler-Toledo International from $640.00 to $710.00 and gave the stock a buy rating in a report on Monday, October 9th. Robert W. Baird lifted their price objective on Mettler-Toledo International from $605.00 to $675.00 and gave the stock a neutral rating in a report on Friday, November 3rd. Morgan Stanley lifted their target price on Mettler-Toledo International from $535.00 to $545.00 and gave the company an equal weight rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research upgraded Mettler-Toledo International from a hold rating to a buy rating and set a $711.00 target price on the stock in a research report on Thursday, September 21st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Mettler-Toledo International currently has a consensus rating of Buy and a consensus target price of $621.57.
Shares of Mettler-Toledo International, Inc. (NYSE MTD) traded down $4.16 during midday trading on Monday, reaching $622.66. The company’s stock had a trading volume of 167,800 shares, compared to its average volume of 158,863. The company has a quick ratio of 1.11, a current ratio of 1.51 and a debt-to-equity ratio of 2.05. Mettler-Toledo International, Inc. has a 52 week low of $407.87 and a 52 week high of $694.48. The company has a market capitalization of $15,850.00, a PE ratio of 36.84, a P/E/G ratio of 2.84 and a beta of 1.13.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.32 by $0.04. The company had revenue of $698.80 million for the quarter, compared to analysts’ expectations of $685.56 million. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.89 earnings per share. equities analysts predict that Mettler-Toledo International, Inc. will post 17.52 EPS for the current year.
In other Mettler-Toledo International news, insider Thomas Caratsch sold 1,500 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $588.00, for a total transaction of $882,000.00. Following the sale, the insider now directly owns 2,270 shares of the company’s stock, valued at approximately $1,334,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael A. Kelly sold 3,384 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $638.24, for a total value of $2,159,804.16. Following the sale, the director now directly owns 4,762 shares in the company, valued at $3,039,298.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,065 shares of company stock valued at $12,128,286. 5.20% of the stock is owned by company insiders.
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Mettler-Toledo International Company Profile
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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