Mettler-Toledo International, Inc. (MTD) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Mettler-Toledo International, Inc. (NYSE:MTD) posted its quarterly earnings data on Thursday. The medical instruments supplier reported $4.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.32 by $0.04, Bloomberg Earnings reports. Mettler-Toledo International had a net margin of 16.44% and a return on equity of 100.47%. The business had revenue of $698.80 million during the quarter, compared to analysts’ expectations of $685.56 million. During the same quarter in the prior year, the business posted $3.89 earnings per share. Mettler-Toledo International’s revenue was up 7.4% compared to the same quarter last year. Mettler-Toledo International updated its Q4 guidance to $5.90 EPS and its FY18 guidance to $19.65-19.85 EPS.
Mettler-Toledo International (NYSE:MTD) traded down $26.38 during trading on Friday, hitting $646.00. The stock had a trading volume of 391,640 shares, compared to its average volume of 100,626. Mettler-Toledo International has a one year low of $407.86 and a one year high of $694.48. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.55 and a quick ratio of 1.12. The firm has a market capitalization of $16,520.00, a P/E ratio of 39.74, a P/E/G ratio of 3.08 and a beta of 1.13.
In other Mettler-Toledo International news, insider Thomas Caratsch sold 150 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $578.00, for a total transaction of $86,700.00. Following the completion of the sale, the insider now owns 920 shares of the company’s stock, valued at approximately $531,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christian Magloth sold 750 shares of the stock in a transaction that occurred on 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 disclosure for this sale can be found here. Insiders sold 21,661 shares of company stock valued at $12,863,692 in the last ninety days. 5.20% of the stock is currently owned by insiders.
Several research firms recently weighed in on MTD. BidaskClub raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Morgan Stanley upped their price objective on shares of Mettler-Toledo International from $535.00 to $545.00 and gave the stock an “equal weight” rating in a research report on Friday. Robert W. Baird upped their price objective on shares of Mettler-Toledo International from $605.00 to $675.00 and gave the stock a “neutral” rating in a research report on Friday. Zacks Investment Research cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $690.00 price objective on shares of Mettler-Toledo International in a research report on Tuesday, September 26th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $621.57.
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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