Brokerages forecast that Mettler-Toledo International, Inc. (NYSE:MTD) will announce $761.71 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Mettler-Toledo International’s earnings. The lowest sales estimate is $750.00 million and the highest is $771.80 million. Mettler-Toledo International posted sales of $709.70 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.3%. The company is scheduled to report its next quarterly earnings report on Thursday, February 1st.
On average, analysts expect that Mettler-Toledo International will report full year sales of $761.71 million for the current year, with estimates ranging from $2.68 billion to $2.71 billion. For the next year, analysts forecast that the business will report sales of $2.85 billion per share, with estimates ranging from $2.83 billion to $2.88 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Mettler-Toledo International.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $685.56 million. During the same period last year, the business earned $3.89 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis.
MTD has been the topic of several research analyst reports. BidaskClub upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 price objective on the stock in a research note on Thursday, September 21st. Bank of America Corporation upped their price objective on Mettler-Toledo International from $640.00 to $710.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Morgan Stanley restated an “equal weight” rating and issued a $535.00 price objective (down previously from $565.00) on shares of Mettler-Toledo International in a research note on Friday, October 6th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $550.00 price objective on shares of Mettler-Toledo International in a research note on Thursday, July 27th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Mettler-Toledo International presently has a consensus rating of “Buy” and an average target price of $621.57.
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In other news, CFO Shawn Vadala sold 330 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $577.00, for a total transaction of $190,410.00. Following the transaction, the chief financial officer now owns 5,855 shares in the company, valued at $3,378,335. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert F. Spoerry sold 5,000 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 8,287 shares in the company, valued at approximately $4,895,793.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,661 shares of company stock worth $12,863,692. 5.20% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Mettler-Toledo International by 2.9% during the second quarter. Vanguard Group Inc. now owns 2,621,389 shares of the medical instruments supplier’s stock worth $1,542,792,000 after purchasing an additional 74,156 shares during the period. BlackRock Inc. increased its stake in shares of Mettler-Toledo International by 6.4% during the second quarter. BlackRock Inc. now owns 1,860,178 shares of the medical instruments supplier’s stock worth $1,094,791,000 after purchasing an additional 112,029 shares during the period. Koch Industries Inc. increased its stake in shares of Mettler-Toledo International by 96,281.2% during the second quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock worth $696,000 after purchasing an additional 696,113 shares during the period. Baillie Gifford & Co. increased its stake in shares of Mettler-Toledo International by 4.9% during the second quarter. Baillie Gifford & Co. now owns 671,210 shares of the medical instruments supplier’s stock worth $395,033,000 after purchasing an additional 31,597 shares during the period. Finally, Fiera Capital Corp increased its stake in shares of Mettler-Toledo International by 10.2% during the second quarter. Fiera Capital Corp now owns 642,431 shares of the medical instruments supplier’s stock worth $378,096,000 after purchasing an additional 59,513 shares during the period. Institutional investors own 93.15% of the company’s stock.
Mettler-Toledo International (NYSE:MTD) traded down $25.60 on Friday, hitting $646.00. The stock had a trading volume of 389,134 shares, compared to its average volume of 101,213. Mettler-Toledo International has a 52 week low of $407.86 and a 52 week high of $694.48. The stock has a market cap of $16,581.53, a P/E ratio of 38.22, a PEG ratio of 2.96 and a beta of 1.13. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.55 and a quick ratio of 1.12.
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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