Equities analysts predict that Mettler-Toledo International Inc. (NYSE:MTD) will report earnings per share of $3.76 for the current quarter, according to Zacks. Five analysts have made estimates for Mettler-Toledo International’s earnings. The highest EPS estimate is $4.05 and the lowest is $3.67. Mettler-Toledo International posted earnings of $3.34 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 12.6%. The business is expected to issue its next earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Mettler-Toledo International will report full-year earnings of $20.24 per share for the current financial year, with EPS estimates ranging from $20.04 to $21.04. For the next fiscal year, analysts anticipate that the company will post earnings of $22.58 per share, with EPS estimates ranging from $22.11 to $23.66. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Mettler-Toledo International.
Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.93 by $0.04. The firm had revenue of $778.03 million for the quarter, compared to analysts’ expectations of $764.26 million. Mettler-Toledo International had a net margin of 13.80% and a return on equity of 94.54%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $5.28 earnings per share.
MTD has been the topic of several research reports. Barclays initiated coverage on shares of Mettler-Toledo International in a research report on Thursday, January 4th. They issued an “equal weight” rating and a $625.00 price target on the stock. Evercore ISI initiated coverage on shares of Mettler-Toledo International in a research report on Wednesday, January 3rd. They issued an “in-line” rating and a $625.00 price target on the stock. Morgan Stanley reduced their price target on shares of Mettler-Toledo International from $595.00 to $568.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Goldman Sachs cut shares of Mettler-Toledo International from a “buy” rating to a “neutral” rating in a research report on Monday, April 9th. Finally, Deutsche Bank boosted their price target on shares of Mettler-Toledo International from $600.00 to $630.00 and gave the stock a “hold” rating in a research report on Thursday, March 1st. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $641.00.
In other Mettler-Toledo International news, Director Robert F. Spoerry sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $625.26, for a total value of $1,563,150.00. Following the sale, the director now owns 7,295 shares in the company, valued at approximately $4,561,271.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $605.20, for a total value of $181,560.00. Following the completion of the sale, the chief financial officer now owns 5,599 shares in the company, valued at approximately $3,388,514.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,268 shares of company stock worth $17,497,059. 4.80% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in MTD. USA Mutuals Advisors Inc. purchased a new stake in Mettler-Toledo International in the 4th quarter worth approximately $101,000. Steward Partners Investment Advisory LLC purchased a new stake in Mettler-Toledo International in the 3rd quarter worth approximately $125,000. Lourd Capital LLC purchased a new stake in Mettler-Toledo International in the 4th quarter worth approximately $211,000. Quadrant Private Wealth Management LLC purchased a new stake in Mettler-Toledo International in the 4th quarter worth approximately $232,000. Finally, IFM Investors Pty Ltd purchased a new stake in Mettler-Toledo International in the 3rd quarter worth approximately $237,000. Institutional investors and hedge funds own 92.45% of the company’s stock.
Shares of Mettler-Toledo International stock traded down $1.55 on Friday, hitting $568.21. 104,596 shares of the company traded hands, compared to its average volume of 198,353. The stock has a market cap of $14,513.41, a P/E ratio of 32.34, a PEG ratio of 2.23 and a beta of 1.20. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.46 and a quick ratio of 1.09. Mettler-Toledo International has a 52 week low of $473.55 and a 52 week high of $697.26.
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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