Mettler-Toledo International (NYSE:MTD) Updates Q3 Earnings Guidance

Mettler-Toledo International (NYSE:MTD) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $5.80 to $6.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.05. Mettler-Toledo International also updated its FY 2020
After-Hours guidance to 22.70-23.20 EPS.

A number of brokerages recently commented on MTD. Bank of America lifted their price target on Mettler-Toledo International from $755.00 to $830.00 and gave the stock a neutral rating in a report on Monday, July 20th. Citigroup lifted their price target on Mettler-Toledo International from $725.00 to $740.00 and gave the stock a neutral rating in a report on Friday, May 8th. Wells Fargo & Co reiterated a hold rating on shares of Mettler-Toledo International in a report on Friday. Cfra lifted their price target on Mettler-Toledo International from $705.00 to $741.00 and gave the stock a hold rating in a report on Friday, May 8th. Finally, Evercore ISI downgraded Mettler-Toledo International from an in-line rating to an underperform rating in a research report on Sunday, April 19th. Three equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The stock has an average rating of Hold and a consensus target price of $733.20.

NYSE:MTD traded up $39.83 during trading hours on Friday, reaching $935.00. The stock had a trading volume of 248,539 shares, compared to its average volume of 102,751. The company has a debt-to-equity ratio of 4.94, a quick ratio of 1.34 and a current ratio of 1.77. The stock has a 50 day simple moving average of $823.58 and a 200 day simple moving average of $759.60. Mettler-Toledo International has a 12-month low of $579.40 and a 12-month high of $953.70. The stock has a market cap of $22.35 billion, a P/E ratio of 41.95, a price-to-earnings-growth ratio of 4.74 and a beta of 1.08.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, July 30th. The medical instruments supplier reported $5.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.27 by $1.02. The company had revenue of $690.67 million during the quarter, compared to analysts’ expectations of $647.43 million. Mettler-Toledo International had a return on equity of 144.27% and a net margin of 18.61%. During the same period in the previous year, the business earned $5.16 earnings per share. On average, equities analysts expect that Mettler-Toledo International will post 23.1 earnings per share for the current fiscal year.

In other news, insider Christian Magloth sold 151 shares of Mettler-Toledo International stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $791.01, for a total value of $119,442.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert F. Spoerry sold 1,117 shares of Mettler-Toledo International stock in a transaction on Monday, May 11th. The shares were sold at an average price of $720.03, for a total value of $804,273.51. Following the completion of the transaction, the director now owns 7,265 shares of the company’s stock, valued at $5,231,017.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,547 shares of company stock valued at $9,694,046. 3.20% of the stock is owned by company insiders.

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.

See Also: Bid-Ask Spread

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

Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.