Mettler-Toledo International (MTD) Set to Announce Quarterly Earnings on Thursday

Mettler-Toledo International (NYSE:MTD) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $7.63 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). The firm had revenue of $934.90 million for the quarter, compared to the consensus estimate of $959.45 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $12.10 earnings per share. On average, analysts expect Mettler-Toledo International to post $40 EPS for the current fiscal year and $45 EPS for the next fiscal year.

Mettler-Toledo International Stock Up 1.9 %

Shares of NYSE MTD opened at $1,253.38 on Thursday. The company’s fifty day moving average is $1,277.83 and its 200-day moving average is $1,180.42. The stock has a market cap of $26.81 billion, a price-to-earnings ratio of 34.92, a P/E/G ratio of 3.43 and a beta of 1.15. Mettler-Toledo International has a twelve month low of $928.49 and a twelve month high of $1,525.14.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday. Evercore ISI boosted their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of “Hold” and an average price target of $1,233.25.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the sale, the insider now directly owns 734 shares in the company, valued at approximately $938,587.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of Mettler-Toledo International stock in a transaction on Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total value of $295,514.85. Following the sale, the director now directly owns 316 shares in the company, valued at approximately $372,042.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the completion of the sale, the insider now owns 734 shares in the company, valued at $938,587.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 951 shares of company stock worth $1,170,256. Insiders own 1.94% of the company’s stock.

About Mettler-Toledo International

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.