Mettler-Toledo International, Inc. (NYSE:MTD) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $17.25-17.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $17.25. Mettler-Toledo International also updated its Q3 guidance to 4.25-4.30 EPS.

Several research analysts have issued reports on the stock. Zacks Investment Research raised shares of Mettler-Toledo International from a hold rating to a buy rating and set a $665.00 price objective on the stock in a research report on Wednesday, June 7th. Cleveland Research raised shares of Mettler-Toledo International from a neutral rating to a buy rating in a research report on Wednesday, April 19th. BidaskClub raised shares of Mettler-Toledo International from a buy rating to a strong-buy rating in a research report on Wednesday, July 12th. Jefferies Group LLC reissued a hold rating and set a $550.00 price objective on shares of Mettler-Toledo International in a research report on Thursday. Finally, Wells Fargo & Company raised shares of Mettler-Toledo International from a market perform rating to an outperform rating in a research report on Wednesday, July 12th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Mettler-Toledo International presently has a consensus rating of Buy and a consensus price target of $523.43.

Mettler-Toledo International, Inc. (MTD) traded down 0.44% during mid-day trading on Thursday, hitting $595.21. 190,829 shares of the stock traded hands. The stock has a 50-day moving average of $595.69 and a 200 day moving average of $517.64. Mettler-Toledo International, Inc. has a 1-year low of $383.71 and a 1-year high of $616.57. The firm has a market cap of $15.37 billion, a price-to-earnings ratio of 38.83 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.03. Mettler-Toledo International had a return on equity of 90.28% and a net margin of 16.04%. The firm had revenue of $653.70 million for the quarter, compared to the consensus estimate of $646.68 million. During the same quarter in the prior year, the company posted $3.22 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts expect that Mettler-Toledo International, Inc. will post $17.26 EPS for the current year.

In other Mettler-Toledo International news, insider William P. Donnelly sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $546.18, for a total transaction of $2,730,900.00. Following the transaction, the insider now owns 3,000 shares in the company, valued at $1,638,540. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Waldemar Rauch sold 1,100 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $595.91, for a total value of $655,501.00. Following the transaction, the insider now owns 3,065 shares in the company, valued at approximately $1,826,464.15. The disclosure for this sale can be found here. Insiders sold 52,046 shares of company stock worth $28,826,702 in the last 90 days. 5.20% of the stock is currently owned by corporate insiders.

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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.

Earnings History and Estimates for Mettler-Toledo International (NYSE:MTD)

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