Analysts predict that Mettler-Toledo International, Inc. (NYSE:MTD) will report $763.81 million in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Mettler-Toledo International’s earnings, with the highest sales estimate coming in at $774.00 million and the lowest estimate coming in at $753.00 million. Mettler-Toledo International posted sales of $709.70 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.6%. The business is expected to issue its next quarterly earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Mettler-Toledo International will report full year sales of $763.81 million for the current year, with estimates ranging from $2.70 billion to $2.72 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.89 billion per share, with estimates ranging from $2.85 billion to $2.91 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Mettler-Toledo International.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.32 by $0.04. The company had revenue of $698.80 million during the quarter, compared to analysts’ expectations of $685.56 million. Mettler-Toledo International had a net margin of 16.44% and a return on equity of 96.81%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.89 EPS.

MTD has been the subject of several analyst reports. 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 cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Goldman Sachs Group reissued a “buy” rating and set a $690.00 price target on shares of Mettler-Toledo International in a research report on Tuesday, September 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $535.00 target price (down from $565.00) on shares of Mettler-Toledo International in a research report on Friday, October 6th. Finally, Bank of America raised their target price on shares of Mettler-Toledo International from $640.00 to $710.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $621.57.

Shares of Mettler-Toledo International (MTD) opened at $624.67 on Tuesday. The firm has a market cap of $15,980.00, a price-to-earnings ratio of 36.88, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. The company has a current ratio of 1.51, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05. Mettler-Toledo International has a 12-month low of $408.97 and a 12-month high of $694.48.

In other Mettler-Toledo International news, insider Oliver A. Filliol sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $631.51, for a total transaction of $9,472,650.00. Following the completion of the sale, the insider now directly owns 31,279 shares in the company, valued at approximately $19,753,001.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael A. Kelly sold 3,384 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $638.24, for a total transaction of $2,159,804.16. Following the sale, the director now owns 4,762 shares of the company’s stock, valued at $3,039,298.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,969 shares of company stock valued at $25,242,999. 5.20% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in MTD. Koch Industries Inc. boosted its holdings in shares of 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 buying an additional 696,113 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Mettler-Toledo International by 5,926.9% in the second quarter. Janus Henderson Group PLC now owns 202,927 shares of the medical instruments supplier’s stock worth $119,430,000 after buying an additional 199,560 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Mettler-Toledo International by 253.5% in the second quarter. Parametric Portfolio Associates LLC now owns 201,137 shares of the medical instruments supplier’s stock worth $118,377,000 after buying an additional 144,245 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Mettler-Toledo International in the second quarter worth approximately $71,233,000. Finally, BlackRock Inc. boosted its holdings in shares of 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 buying an additional 112,029 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

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

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