Mettler-Toledo International (NYSE:MTD) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $22.60-22.75 for the period, compared to the Thomson Reuters consensus estimate of $22.68. The company issued revenue guidance of $3.0823653-3.0823653 billion, compared to the consensus revenue estimate of $3.04 billion.Mettler-Toledo International also updated its Q3 2019 guidance to $5.65-5.75 EPS.
Shares of MTD traded up $4.04 during midday trading on Thursday, hitting $760.79. 330,368 shares of the company traded hands, compared to its average volume of 152,958. The stock’s 50-day moving average is $820.57. Mettler-Toledo International has a one year low of $500.74 and a one year high of $873.51. The firm has a market cap of $19.22 billion, a price-to-earnings ratio of 37.44, a P/E/G ratio of 2.47 and a beta of 1.33. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.97 and a current ratio of 1.37.
Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, May 9th. The medical instruments supplier reported $4.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.06 by $0.04. Mettler-Toledo International had a return on equity of 95.67% and a net margin of 17.98%. The firm had revenue of $679.50 million for the quarter, compared to analysts’ expectations of $673.55 million. During the same period in the prior year, the business posted $3.74 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. On average, equities research analysts predict that Mettler-Toledo International will post 22.7 earnings per share for the current fiscal year.
In other Mettler-Toledo International news, Director Wah-Hui Chu sold 300 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were 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 $2,333,960. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider La Guerroniere Marc De sold 4,600 shares of the stock in a transaction that occurred on 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 in the company, valued at $12,107,050. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,925 shares of company stock worth $35,650,928. 3.50% of the stock is owned by company insiders.
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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