Mettler-Toledo International (NYSE:MTD) posted its quarterly earnings data on Thursday. The medical instruments supplier reported $5.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.71 by $0.06, Briefing.com reports. The firm had revenue of $753.90 million for the quarter, compared to the consensus estimate of $751.34 million. Mettler-Toledo International had a net margin of 18.45% and a return on equity of 98.65%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.12 earnings per share. Mettler-Toledo International updated its Q4 guidance to $7.66-$7.71 EPS.
Mettler-Toledo International stock traded down $11.95 during mid-day trading on Friday, hitting $708.86. The company had a trading volume of 410,664 shares, compared to its average volume of 167,265. 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 12-month low of $500.74 and a 12-month high of $873.51. The company’s fifty day moving average is $694.04 and its 200-day moving average is $734.92. The company has a market capitalization of $17.58 billion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 2.33 and a beta of 1.37.
A number of brokerages recently commented on MTD. UBS Group dropped their target price on Mettler-Toledo International from $680.00 to $670.00 and set a “sell” rating on the stock in a research report on Friday. ValuEngine lowered Mettler-Toledo International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Barclays dropped their target price on Mettler-Toledo International from $680.00 to $640.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 9th. Bank of America dropped their target price on Mettler-Toledo International from $830.00 to $720.00 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. Finally, Zacks Investment Research lowered Mettler-Toledo International from a “hold” rating to a “sell” rating and set a $760.00 target price on the stock. in a research report on Tuesday. Five equities research analysts have rated the stock with a sell rating and one has given a hold rating to the company. The stock presently has an average rating of “Sell” and a consensus price target of $697.50.
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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