Mettler-Toledo International (NYSE:MTD) issued an update on its third quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $5.65-5.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.73. The company issued revenue guidance of $764.23984-771.5883 million, compared to the consensus revenue estimate of $762.08 million.Mettler-Toledo International also updated its FY 2019 guidance to $22.60-22.75 EPS.
MTD traded down $42.97 on Friday, hitting $717.82. The company’s stock had a trading volume of 480,142 shares, compared to its average volume of 213,390. The stock’s 50 day simple moving average is $818.91. The stock has a market cap of $18.87 billion, a price-to-earnings ratio of 35.33, a P/E/G ratio of 2.43 and a beta of 1.33. Mettler-Toledo International has a 12 month low of $500.74 and a 12 month high of $873.51. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.80.
Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $5.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.09 by $0.07. The company had revenue of $731.00 million during the quarter, compared to the consensus estimate of $736.23 million. Mettler-Toledo International had a net margin of 18.45% and a return on equity of 96.14%. Mettler-Toledo International’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $4.65 EPS. Research analysts anticipate that Mettler-Toledo International will post 22.72 EPS for the current year.
In other news, insider Oliver A. Filliol sold 34,000 shares of Mettler-Toledo International stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $724.47, for a total transaction of $24,631,980.00. Following the completion of the sale, the insider now directly owns 29,632 shares of the company’s stock, valued at approximately $21,467,495.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shawn Vadala sold 700 shares of Mettler-Toledo International stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $721.00, for a total transaction of $504,700.00. Following the sale, the chief financial officer now directly owns 5,450 shares of the company’s stock, valued at $3,929,450. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,925 shares of company stock valued at $35,650,928. 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.
Further Reading: What are municipal bonds?
Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.