Mettler-Toledo International Inc. (MTD) Expected to Announce Quarterly Sales of $763.81 Million

Equities research analysts expect Mettler-Toledo International Inc. (NYSE:MTD) to announce $763.81 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Mettler-Toledo International’s earnings. The lowest sales estimate is $753.00 million and the highest is $774.00 million. Mettler-Toledo International reported sales of $709.70 million in the same quarter last year, which would suggest a positive year over year growth rate of 7.6%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Thursday, February 8th.

According to Zacks, analysts expect that Mettler-Toledo International will report full year sales of $763.81 million for the current fiscal year, with estimates ranging from $2.70 billion to $2.72 billion. For the next financial year, analysts anticipate that the business will post sales of $2.89 billion per share, with estimates ranging from $2.85 billion to $2.94 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Mettler-Toledo International.

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

A number of research firms recently commented on MTD. Morgan Stanley reaffirmed an “equal weight” rating and set a $535.00 price objective (down previously from $565.00) on shares of Mettler-Toledo International in a research note on Friday, October 6th. Goldman Sachs Group reissued a “buy” rating and issued a $690.00 price target on shares of Mettler-Toledo International in a research note on Tuesday, September 26th. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 price target on the stock in a research note on Thursday, September 21st. Evercore ISI began coverage on Mettler-Toledo International in a research note on Wednesday, January 3rd. They issued an “in-line” rating and a $625.00 price target on the stock. Finally, Jefferies Group reissued a “hold” rating and issued a $600.00 price target on shares of Mettler-Toledo International in a research note on Friday, October 20th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $622.33.

Shares of Mettler-Toledo International (NYSE:MTD) opened at $650.60 on Monday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.51. The company has a market capitalization of $16,641.78, a price-to-earnings ratio of 39.48, a P/E/G ratio of 2.61 and a beta of 1.09. Mettler-Toledo International has a 52 week low of $408.97 and a 52 week high of $694.48.

In other news, Director Michael A. Kelly sold 3,384 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $638.24, for a total value of $2,159,804.16. Following the transaction, the director now directly owns 4,762 shares in the company, valued at approximately $3,039,298.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Simon Kirk sold 4,726 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $629.01, for a total value of $2,972,701.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,969 shares of company stock worth $25,242,999. 5.20% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its holdings in shares of Mettler-Toledo International by 2.0% in the 2nd quarter. California Public Employees Retirement System now owns 71,000 shares of the medical instruments supplier’s stock worth $41,786,000 after purchasing an additional 1,400 shares during the period. Riverhead Capital Management LLC raised its holdings in shares of Mettler-Toledo International by 90.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,800 shares of the medical instruments supplier’s stock worth $1,060,000 after purchasing an additional 855 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Mettler-Toledo International by 20.2% in the 3rd quarter. Janus Henderson Group PLC now owns 243,920 shares of the medical instruments supplier’s stock worth $152,732,000 after purchasing an additional 40,993 shares during the period. Page Arthur B purchased a new position in shares of Mettler-Toledo International in the 3rd quarter worth about $848,000. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Mettler-Toledo International by 260.3% in the 3rd quarter. Canada Pension Plan Investment Board now owns 45,500 shares of the medical instruments supplier’s stock worth $28,490,000 after purchasing an additional 32,873 shares during the period. Institutional investors own 91.67% 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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