Mettler-Toledo International (MTD) Releases FY19 Earnings Guidance

Mettler-Toledo International (NYSE:MTD) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $22.40-22.60 for the period, compared to the Thomson Reuters consensus estimate of $22.53. Mettler-Toledo International also updated its FY 2018 guidance to $20.20-20.25 EPS.

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

Shares of NYSE MTD traded up $12.72 during mid-day trading on Friday, reaching $608.03. 446,389 shares of the company were exchanged, compared to its average volume of 184,623. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.06 and a current ratio of 1.46. The stock has a market cap of $14.55 billion, a PE ratio of 34.61, a P/E/G ratio of 2.31 and a beta of 1.15. Mettler-Toledo International has a twelve month low of $521.79 and a twelve month high of $697.26.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, November 8th. The medical instruments supplier reported $5.12 earnings per share for the quarter, topping the consensus estimate of $4.99 by $0.13. Mettler-Toledo International had a net margin of 13.52% and a return on equity of 90.80%. The business had revenue of $734.85 million during the quarter, compared to analysts’ expectations of $738.23 million. During the same quarter in the previous year, the company earned $4.36 EPS. The business’s revenue was up 5.2% on a year-over-year basis. As a group, analysts predict that Mettler-Toledo International will post 20.18 EPS for the current fiscal year.

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $590.00, for a total value of $177,000.00. Following the completion of the sale, the chief financial officer now owns 5,599 shares in the company, valued at approximately $3,303,410. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert F. Spoerry sold 1,836 shares of Mettler-Toledo International stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $600.00, for a total transaction of $1,101,600.00. Following the completion of the sale, the director now owns 7,423 shares of the company’s stock, valued at approximately $4,453,800. The disclosure for this sale can be found here. Insiders sold a total of 14,858 shares of company stock valued at $8,681,504 in the last quarter. Corporate 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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