Brokers Set Expectations for Mettler-Toledo International Inc.’s Q2 2018 Earnings (MTD)

Mettler-Toledo International Inc. (NYSE:MTD) – Equities research analysts at Jefferies Group decreased their Q2 2018 earnings per share (EPS) estimates for Mettler-Toledo International in a note issued to investors on Tuesday. Jefferies Group analyst B. Couillard now anticipates that the medical instruments supplier will post earnings per share of $4.48 for the quarter, down from their previous forecast of $4.50. Jefferies Group has a “Hold” rating and a $600.00 price target on the stock. Jefferies Group also issued estimates for Mettler-Toledo International’s Q4 2018 earnings at $6.86 EPS, FY2018 earnings at $20.05 EPS and FY2020 earnings at $24.65 EPS.

A number of other analysts have also issued reports on MTD. Robert W. Baird increased their price target 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, November 3rd. Morgan Stanley increased their price target 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, November 3rd. Zacks Investment Research lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Evercore ISI started coverage on shares of Mettler-Toledo International in a research report on Wednesday, January 3rd. They set an “in-line” rating and a $625.00 price objective on the stock. Finally, Barclays started coverage on shares of Mettler-Toledo International in a research report on Thursday, January 4th. They set an “equal weight” rating and a $625.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $651.44.

Shares of Mettler-Toledo International (NYSE MTD) opened at $613.69 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 1.75. The stock has a market cap of $15,637.01, a P/E ratio of 34.90, a PEG ratio of 2.55 and a beta of 1.08. Mettler-Toledo International has a 52-week low of $460.00 and a 52-week high of $697.26.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.93 by $0.04. The business had revenue of $778.03 million during the quarter, compared to analyst estimates of $764.26 million. Mettler-Toledo International had a net margin of 13.80% and a return on equity of 94.54%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.28 earnings per share.

Several large investors have recently added to or reduced their stakes in the company. Profund Advisors LLC raised its position in shares of Mettler-Toledo International by 23.5% in the fourth quarter. Profund Advisors LLC now owns 846 shares of the medical instruments supplier’s stock valued at $524,000 after purchasing an additional 161 shares during the period. Renaissance Technologies LLC raised its position in shares of Mettler-Toledo International by 201.0% in the fourth quarter. Renaissance Technologies LLC now owns 210,100 shares of the medical instruments supplier’s stock valued at $130,161,000 after purchasing an additional 140,300 shares during the period. Koch Industries Inc. raised its position in shares of Mettler-Toledo International by 58.3% in the fourth quarter. Koch Industries Inc. now owns 1,434 shares of the medical instruments supplier’s stock valued at $888,000 after purchasing an additional 528 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Mettler-Toledo International by 216.7% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 11,400 shares of the medical instruments supplier’s stock valued at $7,063,000 after purchasing an additional 7,800 shares during the period. Finally, Amundi Pioneer Asset Management Inc. bought a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $31,608,000. 91.79% of the stock is currently owned by institutional investors.

In other news, Director Richard D. Francis purchased 160 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were bought at an average price of $627.91 per share, with a total value of $100,465.60. Following the completion of the transaction, the director now directly owns 254 shares in the company, valued at approximately $159,489.14. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $630.00, for a total transaction of $189,000.00. Following the completion of the transaction, the chief financial officer now directly owns 5,599 shares in the company, valued at approximately $3,527,370. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,359 shares of company stock worth $16,640,760. 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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