Mettler-Toledo International, Inc. (MTD) to Release Quarterly Earnings on Wednesday
Mettler-Toledo International, Inc. (NYSE:MTD) is scheduled to announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $4.32 per share for the quarter. Mettler-Toledo International has set its Q3 guidance at 4.25-4.30 EPS and its FY17 guidance at $17.25-17.35 EPS.
Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.89 by $0.03. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The company had revenue of $653.70 million for 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 business’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts expect Mettler-Toledo International to post $17.43 EPS for the current fiscal year and $19.71 EPS for the next fiscal year.
Mettler-Toledo International, Inc. (MTD) opened at 669.36 on Wednesday. The stock has a market cap of $17.18 billion, a PE ratio of 41.16 and a beta of 1.11. The firm’s 50-day moving average price is $638.92 and its 200 day moving average price is $587.64. Mettler-Toledo International, Inc. has a 1-year low of $395.61 and a 1-year high of $672.64.
In related news, insider Waldemar Rauch sold 2,203 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $594.27, for a total transaction of $1,309,176.81. Following the completion of the transaction, the insider now directly owns 7,771 shares in the company, valued at $4,618,072.17. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider William P. Donnelly sold 2,845 shares of the stock in a transaction dated 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 quarter, insiders have sold 27,356 shares of company stock valued at $16,150,829. 5.20% of the stock is owned by corporate insiders.
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Several brokerages have issued reports on MTD. Jefferies Group LLC restated a “hold” rating and issued a $600.00 price target on shares of Mettler-Toledo International in a report on Friday, October 20th. Bank of America Corporation increased their price target on Mettler-Toledo International from $640.00 to $710.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Morgan Stanley restated an “equal weight” rating and issued a $535.00 price target (down from $565.00) on shares of Mettler-Toledo International in a report on Friday, October 6th. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $690.00 price target on shares of Mettler-Toledo International in a report on Tuesday, September 26th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $611.00.
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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