Mettler-Toledo International, Inc. (MTD) Releases FY18 Earnings Guidance
Mettler-Toledo International, Inc. (NYSE:MTD) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $19.65-19.85 for the period, compared to the Thomson Reuters consensus estimate of $19.72. Mettler-Toledo International also updated its Q4 guidance to $5.90 EPS.
Several research analysts have issued reports on the company. BidaskClub upgraded Mettler-Toledo International from a hold rating to a buy rating in a research report on Monday, August 14th. Zacks Investment Research upgraded Mettler-Toledo International from a hold rating to a buy rating and set a $711.00 target price for the company in a research report on Thursday, September 21st. Bank of America Corporation boosted their target price on Mettler-Toledo International from $640.00 to $710.00 and gave the company a buy rating in a research report on Monday, October 9th. Morgan Stanley restated an equal weight rating and set a $535.00 target price (down previously from $565.00) on shares of Mettler-Toledo International in a research report on Friday, October 6th. Finally, Jefferies Group LLC restated a hold rating and set a $550.00 target price on shares of Mettler-Toledo International in a research report on Thursday, July 27th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of Buy and an average target price of $611.00.
In other news, insider Christian Magloth sold 750 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $590.00, for a total transaction of $442,500.00. Following the sale, the insider now directly owns 750 shares of the company’s stock, valued at approximately $442,500. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas P. Salice sold 890 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $611.00, for a total transaction of $543,790.00. Following the sale, the director now directly owns 62,437 shares in the company, valued at $38,149,007. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,511 shares of company stock worth $14,509,492. Corporate insiders own 5.20% of the company’s stock.
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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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