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.

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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.

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