Mettler-Toledo International, Inc. (NYSE:MTD) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $5.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.89. Mettler-Toledo International also updated its FY18 guidance to $19.65-19.85 EPS.
Mettler-Toledo International, Inc. (NYSE MTD) traded down $43.11 during trading hours on Friday, reaching $646.00. 389,134 shares of the company were exchanged, compared to its average volume of 101,213. The company has a current ratio of 1.55, a quick ratio of 1.12 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $17.24 billion, a P/E ratio of 39.74, a price-to-earnings-growth ratio of 3.08 and a beta of 1.13.
Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.32 by $0.04. Mettler-Toledo International had a return on equity of 100.47% and a net margin of 16.44%. The company had revenue of $698.80 million for the quarter, compared to analyst estimates of $685.56 million. During the same period last year, the company earned $3.89 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. analysts expect that Mettler-Toledo International, Inc. will post 17.38 EPS for the current fiscal year.
MTD has been the topic of several recent research reports. Bank of America Corporation raised their target price on Mettler-Toledo International from $640.00 to $710.00 and gave the company a buy rating in a report on Monday, October 9th. Zacks Investment Research lowered Mettler-Toledo International from a buy rating to a hold rating in a report on Tuesday, September 26th. Jefferies Group LLC reaffirmed a hold rating and issued a $550.00 price target on shares of Mettler-Toledo International in a research report on Thursday, July 27th. BidaskClub raised Mettler-Toledo International from a buy rating to a strong-buy rating in a research report on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and issued a $690.00 price target on shares of Mettler-Toledo International in a research report on Tuesday, September 26th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Mettler-Toledo International has an average rating of Buy and a consensus price target of $621.57.
In related news, insider Christian Magloth sold 750 shares of Mettler-Toledo International stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $590.00, for a total transaction of $442,500.00. Following the sale, the insider now directly owns 750 shares of the company’s stock, valued at $442,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert F. Spoerry sold 5,000 shares of Mettler-Toledo International stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $590.78, for a total value of $2,953,900.00. Following the sale, the director now directly owns 8,287 shares in the company, valued at $4,895,793.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,661 shares of company stock worth $12,863,692. 5.20% of the stock is currently owned by company insiders.
About Mettler-Toledo International
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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