Mettler-Toledo International, Inc. (MTD) Expected to Announce Earnings of $4.32 Per Share
Wall Street brokerages expect Mettler-Toledo International, Inc. (NYSE:MTD) to report earnings per share of $4.32 for the current quarter, according to Zacks. Six analysts have issued estimates for Mettler-Toledo International’s earnings, with the highest EPS estimate coming in at $4.56 and the lowest estimate coming in at $4.25. Mettler-Toledo International reported earnings per share of $3.89 in the same quarter last year, which would suggest a positive year over year growth rate of 11.1%. The company is scheduled to issue its next earnings report on Thursday, November 2nd.
On average, analysts expect that Mettler-Toledo International will report full year earnings of $17.40 per share for the current financial year, with EPS estimates ranging from $17.29 to $17.80. For the next financial year, analysts expect that the firm will report earnings of $19.60 per share, with EPS estimates ranging from $19.10 to $20.37. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Mettler-Toledo International.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, topping the consensus estimate of $3.89 by $0.03. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. The company had revenue of $653.70 million during the quarter, compared to analysts’ expectations of $646.68 million. During the same quarter in the previous year, the business posted $3.22 EPS. The firm’s revenue was up 7.5% on a year-over-year basis.
Several analysts have issued reports on the stock. BidaskClub raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $655.00 price objective for the company in a research report on Wednesday, June 14th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $550.00 price objective on shares of Mettler-Toledo International in a research report on Thursday, July 27th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $565.00 price objective (up previously from $533.00) on shares of Mettler-Toledo International in a research report on Saturday, July 22nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Mettler-Toledo International currently has an average rating of “Buy” and an average price target of $569.80.
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In other news, insider William P. Donnelly sold 2,845 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $576.92, for a total transaction of $1,641,337.40. Following the completion of the sale, the insider now owns 2,345 shares of the company’s stock, valued at $1,352,877.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert F. Spoerry sold 5,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 8,287 shares of the company’s stock, valued at approximately $4,895,793.86. The disclosure for this sale can be found here. Insiders have sold 25,628 shares of company stock valued at $15,099,504 in the last three months. Corporate insiders own 5.20% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of Mettler-Toledo International by 0.4% during the first quarter. FMR LLC now owns 2,765,423 shares of the medical instruments supplier’s stock worth $1,324,389,000 after buying an additional 9,729 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Mettler-Toledo International by 2.9% in 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. boosted its holdings in Mettler-Toledo International by 6.4% in 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. State Street Corp boosted its holdings in Mettler-Toledo International by 2.4% in the first quarter. State Street Corp now owns 1,155,191 shares of the medical instruments supplier’s stock worth $553,237,000 after purchasing an additional 26,930 shares during the period. Finally, Koch Industries Inc. boosted its holdings in Mettler-Toledo International by 96,281.2% in 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. 93.14% of the stock is owned by institutional investors and hedge funds.
Shares of Mettler-Toledo International (NYSE:MTD) traded up 1.05% during mid-day trading on Thursday, hitting $611.83. 156,187 shares of the stock traded hands. The stock has a 50-day moving average of $589.17 and a 200 day moving average of $547.84. The stock has a market cap of $15.70 billion, a PE ratio of 37.62 and a beta of 1.11. Mettler-Toledo International has a one year low of $386.01 and a one year high of $618.13.
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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