Analysts expect that Mettler-Toledo International, Inc. (NYSE:MTD) will report sales of $683.09 million for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Mettler-Toledo International’s earnings. The lowest sales estimate is $680.00 million and the highest is $685.25 million. Mettler-Toledo International posted sales of $650.60 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5%. The company is scheduled to report its next quarterly earnings report on Thursday, November 2nd.

On average, analysts expect that Mettler-Toledo International will report full year sales of $683.09 million for the current financial year, with estimates ranging from $2.68 billion to $2.70 billion. For the next year, analysts forecast that the company will post sales of $2.85 billion per share, with estimates ranging from $2.83 billion to $2.88 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Mettler-Toledo International.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.89 by $0.03. The firm had revenue of $653.70 million during the quarter, compared to analysts’ expectations of $646.68 million. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.22 EPS.

Several analysts recently weighed in on MTD shares. BidaskClub raised Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Wells Fargo & Company raised Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 12th. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $705.00 price objective for the company in a report on Thursday, September 14th. Jefferies Group LLC reissued a “hold” rating and issued a $550.00 price objective on shares of Mettler-Toledo International in a report on Tuesday, June 20th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $565.00 price objective (up from $533.00) on shares of Mettler-Toledo International in a report on Saturday, July 22nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Mettler-Toledo International presently has a consensus rating of “Buy” and an average target price of $602.67.

In other news, Director Thomas P. Salice sold 890 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $611.00, for a total transaction of $543,790.00. Following the completion of the transaction, the director now directly owns 62,437 shares in the company, valued at $38,149,007. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William P. Donnelly sold 2,845 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $576.92, for a total value of $1,641,337.40. Following the transaction, the insider now owns 2,345 shares of the company’s stock, valued at $1,352,877.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,356 shares of company stock valued at $16,150,829. 5.20% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Airain ltd acquired a new position in shares of Mettler-Toledo International during the second quarter worth approximately $2,958,000. Morgan Stanley boosted its position in shares of Mettler-Toledo International by 37.8% during the first quarter. Morgan Stanley now owns 269,128 shares of the medical instruments supplier’s stock worth $128,890,000 after buying an additional 73,762 shares during the period. Riverhead Capital Management LLC boosted its position in shares of Mettler-Toledo International by 90.5% during the second quarter. Riverhead Capital Management LLC now owns 1,800 shares of the medical instruments supplier’s stock worth $1,060,000 after buying an additional 855 shares during the period. Principal Financial Group Inc. boosted its position in shares of Mettler-Toledo International by 2.3% during the second quarter. Principal Financial Group Inc. now owns 42,546 shares of the medical instruments supplier’s stock worth $25,040,000 after buying an additional 974 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of Mettler-Toledo International by 2.0% during the second quarter. California Public Employees Retirement System now owns 71,000 shares of the medical instruments supplier’s stock worth $41,786,000 after buying an additional 1,400 shares during the period. Institutional investors and hedge funds own 93.08% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “$683.09 Million in Sales Expected for Mettler-Toledo International, Inc. (MTD) This Quarter” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/17/683-09-million-in-sales-expected-for-mettler-toledo-international-inc-mtd-this-quarter-2.html.

Shares of Mettler-Toledo International (NYSE:MTD) traded down 0.72% during mid-day trading on Tuesday, hitting $662.20. The company had a trading volume of 39,994 shares. The stock’s 50-day moving average is $627.70 and its 200-day moving average is $578.23. Mettler-Toledo International has a 52-week low of $395.61 and a 52-week high of $668.55. The stock has a market cap of $17.00 billion, a price-to-earnings ratio of 40.72 and a beta of 1.11.

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

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