Mettler-Toledo International (MTD) Issues Earnings Results, Beats Estimates By $0.04 EPS
Mettler-Toledo International (NYSE:MTD) issued its earnings results on Thursday. The medical instruments supplier reported $5.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.93 by $0.04, Bloomberg Earnings reports. The company had revenue of $778.03 million during the quarter, compared to analyst estimates of $764.26 million. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $5.28 EPS. Mettler-Toledo International updated its Q1 guidance to $3.65 to $3.70 EPS.
Mettler-Toledo International (NYSE MTD) traded down $40.96 during midday trading on Thursday, hitting $601.00. The company’s stock had a trading volume of 261,913 shares, compared to its average volume of 168,141. The stock has a market cap of $16,301.06, a price-to-earnings ratio of 36.47, a P/E/G ratio of 2.54 and a beta of 1.08. Mettler-Toledo International has a twelve month low of $460.00 and a twelve month high of $697.26. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.51 and a quick ratio of 1.11.
A number of equities analysts recently issued reports on the company. Jefferies Group restated a “hold” rating and issued a $600.00 target price on shares of Mettler-Toledo International in a research note on Friday, October 20th. Morgan Stanley raised their target price on Mettler-Toledo International from $535.00 to $545.00 and gave the stock an “equal weight” rating in a research note on Friday, November 3rd. Robert W. Baird raised their target price on Mettler-Toledo International from $605.00 to $675.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Barclays assumed coverage on Mettler-Toledo International in a research note on Thursday, January 4th. They issued an “equal weight” rating and a $625.00 target price for the company. Finally, Evercore ISI assumed coverage on Mettler-Toledo International in a research note on Wednesday, January 3rd. They issued an “in-line” rating and a $625.00 target price for the company. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $647.63.
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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.
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