Mettler-Toledo International, Inc. (MTD) Updates Q4 Earnings Guidance
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.
Shares of Mettler-Toledo International, Inc. (MTD) traded down $43.11 during mid-day trading on Friday, hitting $646.00. 391,640 shares of the stock were exchanged, compared to its average volume of 101,213. The company has a market cap of $17.24 billion, a price-to-earnings ratio of 39.74 and a beta of 1.13.
Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.32 by $0.04. The business had revenue of $698.80 million for the quarter, compared to analyst estimates of $685.56 million. Mettler-Toledo International had a return on equity of 100.47% and a net margin of 16.44%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.89 EPS. equities research analysts anticipate that Mettler-Toledo International, Inc. will post 17.38 earnings per share for the current fiscal year.
MTD has been the topic of a number of recent research reports. Zacks Investment Research lowered Mettler-Toledo International from a buy rating to a hold rating in a research note on Tuesday, July 11th. BidaskClub raised Mettler-Toledo International from a buy rating to a strong-buy rating in a research note on Wednesday, July 12th. Wells Fargo & Company raised Mettler-Toledo International from a market perform rating to an outperform rating in a research note on Wednesday, July 12th. Morgan Stanley reaffirmed an equal weight rating and issued a $565.00 target price (up previously from $533.00) on shares of Mettler-Toledo International in a research note on Saturday, July 22nd. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $550.00 target price 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. The company presently has an average rating of Buy and a consensus target price of $621.57.
In other Mettler-Toledo International news, Director Robert F. Spoerry sold 5,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $590.78, for a total transaction of $2,953,900.00. Following the transaction, the director now owns 8,287 shares of the company’s stock, valued at approximately $4,895,793.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas Caratsch sold 150 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $578.00, for a total value of $86,700.00. Following the transaction, the insider now directly owns 920 shares in the company, valued at approximately $531,760. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,661 shares of company stock worth $12,863,692. Corporate insiders own 5.20% of the company’s stock.
WARNING: This piece was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.watchlistnews.com/mettler-toledo-international-inc-mtd-updates-q4-earnings-guidance/1676586.html.
Mettler-Toledo International Company Profile
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.
Receive News & Ratings for Mettler-Toledo International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.