Mettler-Toledo International (NYSE:MTD) Issues Q4 Earnings Guidance

Mettler-Toledo International (NYSE:MTD) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $7.66-$7.71 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.73.

Several brokerages have weighed in on MTD. Barclays decreased their price objective on shares of Mettler-Toledo International from $680.00 to $640.00 and set an underweight rating for the company in a report on Wednesday, October 9th. UBS Group decreased their price objective on shares of Mettler-Toledo International from $720.00 to $680.00 and set a sell rating for the company in a report on Friday, October 18th. Bank of America decreased their price objective on shares of Mettler-Toledo International from $830.00 to $720.00 and set a neutral rating for the company in a report on Thursday, October 17th. Zacks Investment Research lowered shares of Mettler-Toledo International from a hold rating to a sell rating and set a $760.00 price objective for the company. in a report on Tuesday. Finally, ValuEngine lowered shares of Mettler-Toledo International from a hold rating to a sell rating in a report on Wednesday, October 2nd. Five investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. Mettler-Toledo International has a consensus rating of Sell and an average target price of $700.00.

MTD stock traded up $11.03 during mid-day trading on Thursday, hitting $720.81. 226,696 shares of the company were exchanged, compared to its average volume of 166,102. The company has a market capitalization of $17.81 billion, a PE ratio of 35.47, a price-to-earnings-growth ratio of 2.36 and a beta of 1.37. The company has a current ratio of 1.39, a quick ratio of 0.98 and a debt-to-equity ratio of 2.16. Mettler-Toledo International has a twelve month low of $500.74 and a twelve month high of $873.51. The firm has a fifty day simple moving average of $694.06 and a 200 day simple moving average of $735.02.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.

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

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