Mettler-Toledo International (NYSE:MTD) Issues Q3 Earnings Guidance

Mettler-Toledo International (NYSE:MTD) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $5.65-5.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.73. Mettler-Toledo International also updated its FY 2019 guidance to $22.60-22.75 EPS.

Shares of NYSE:MTD traded up $4.04 during trading on Thursday, hitting $760.79. 330,368 shares of the company were exchanged, compared to its average volume of 152,958. The stock has a 50 day simple moving average of $820.57. The firm has a market cap of $19.22 billion, a P/E ratio of 37.44, a P/E/G ratio of 2.47 and a beta of 1.33. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.80. Mettler-Toledo International has a 1-year low of $500.74 and a 1-year high of $873.51.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $5.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.08 by $0.08. The business had revenue of $731.00 million during the quarter, compared to the consensus estimate of $736.23 million. Mettler-Toledo International had a return on equity of 95.67% and a net margin of 17.98%. Mettler-Toledo International’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $4.65 earnings per share. On average, equities research analysts expect that Mettler-Toledo International will post 22.7 EPS for the current year.

A number of research firms recently weighed in on MTD. Bank of America restated a neutral rating and issued a $755.00 price objective (up from $725.00) on shares of Mettler-Toledo International in a report on Tuesday, April 16th. Wolfe Research began coverage on Mettler-Toledo International in a report on Thursday, May 30th. They set a peer perform rating for the company. Zacks Investment Research downgraded Mettler-Toledo International from a buy rating to a hold rating and set a $811.00 price target for the company. in a report on Friday, June 7th. ValuEngine downgraded Mettler-Toledo International from a buy rating to a hold rating in a report on Monday, May 13th. Finally, Barclays downgraded Mettler-Toledo International from an equal weight rating to an underweight rating and set a $680.00 price target for the company. in a report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock has an average rating of Hold and an average target price of $688.60.

In other news, insider La Guerroniere Marc De sold 4,600 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $730.00, for a total transaction of $3,358,000.00. Following the transaction, the insider now owns 16,585 shares of the company’s stock, valued at approximately $12,107,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wah-Hui Chu sold 300 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $740.00, for a total transaction of $222,000.00. Following the transaction, the director now directly owns 3,154 shares in the company, valued at approximately $2,333,960. The disclosure for this sale can be found here. Insiders have sold a total of 48,925 shares of company stock worth $35,650,928 in the last three months. Insiders own 3.50% of the company’s stock.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.

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