Mettler-Toledo International, Inc. (MTD) Issues FY18 Earnings Guidance

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.

Earnings History and Estimates for Mettler-Toledo International (NYSE:MTD)

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