Mettler-Toledo International, Inc. (MTD) Issues FY17 Earnings Guidance
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.
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