Mettler-Toledo International (MTD) Issues FY 2019 Earnings Guidance

Mettler-Toledo International (NYSE:MTD) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $22.40-22.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $22.54. Mettler-Toledo International also updated its FY 2018 guidance to $20.20-20.25 EPS.

A number of brokerages have recently weighed in on MTD. Morgan Stanley dropped their price objective on shares of Mettler-Toledo International from $540.00 to $529.00 and set an equal weight rating on the stock in a report on Friday, July 27th. Zacks Investment Research raised shares of Mettler-Toledo International from a sell rating to a hold rating in a report on Monday, July 30th. JPMorgan Chase & Co. upped their price target on shares of Mettler-Toledo International from $550.00 to $600.00 and gave the company a neutral rating in a report on Friday, July 27th. Finally, UBS Group assumed coverage on shares of Mettler-Toledo International in a report on Tuesday, October 9th. They issued a neutral rating and a $625.00 price target on the stock. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $624.00.

Shares of MTD traded up $2.59 during mid-day trading on Thursday, hitting $595.31. 227,856 shares of the company were exchanged, compared to its average volume of 183,417. Mettler-Toledo International has a 1-year low of $521.79 and a 1-year high of $697.26. The company has a quick ratio of 1.06, a current ratio of 1.46 and a debt-to-equity ratio of 1.92. The company has a market cap of $14.55 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 2.31 and a beta of 1.15.

In other Mettler-Toledo International news, insider La Guerroniere Marc De sold 740 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $600.00, for a total value of $444,000.00. Following the completion of the sale, the insider now owns 740 shares in the company, valued at approximately $444,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $590.00, for a total transaction of $177,000.00. Following the completion of the sale, the chief financial officer now owns 5,599 shares of the company’s stock, valued at approximately $3,303,410. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,858 shares of company stock valued at $8,681,504. Insiders own 4.80% of the company’s stock.

TRADEMARK VIOLATION WARNING: This news story was reported by WKRB News and is the sole property of of WKRB News. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://www.wkrb13.com/2018/11/08/mettler-toledo-international-mtd-issues-fy-2019-earnings-guidance.html.

About Mettler-Toledo International

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; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.

See Also: How to calculate compound interest

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.

Leave a Reply