Mettler-Toledo International (NYSE:MTD) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided EPS guidance of $6.72-6.77 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.83. Mettler-Toledo International also updated its FY 2018 guidance to $20.20-20.25 EPS.
Shares of NYSE MTD traded up $12.72 during mid-day trading on Friday, hitting $608.03. The company had a trading volume of 446,389 shares, compared to its average volume of 181,918. The stock has a market cap of $14.94 billion, a PE ratio of 34.61, a PEG ratio of 2.38 and a beta of 1.15. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.06 and a current ratio of 1.46. Mettler-Toledo International has a 12 month low of $521.79 and a 12 month high of $697.26.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, November 8th. The medical instruments supplier reported $5.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.99 by $0.13. The business had revenue of $734.85 million during the quarter, compared to analyst estimates of $738.23 million. Mettler-Toledo International had a net margin of 13.52% and a return on equity of 90.80%. Mettler-Toledo International’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.36 earnings per share. Research analysts forecast that Mettler-Toledo International will post 20.18 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Mettler-Toledo International from a buy rating to a hold rating in a report on Tuesday, October 16th. Morgan Stanley raised their price target on shares of Mettler-Toledo International from $529.00 to $572.00 and gave the company an equal weight rating in a report on Wednesday, October 10th. 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 for the company. Finally, JPMorgan Chase & Co. raised 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. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $624.00.
In other Mettler-Toledo International news, insider William P. Donnelly sold 2,873 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $586.78, for a total value of $1,685,818.94. Following the transaction, the insider now directly owns 3,000 shares of the company’s stock, valued at $1,760,340. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider La Guerroniere Marc De sold 4,609 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $580.37, for a total transaction of $2,674,925.33. Following the completion of the transaction, the insider now directly owns 4,609 shares in the company, valued at $2,674,925.33. The disclosure for this sale can be found here. In the last three months, insiders sold 14,858 shares of company stock valued at $8,681,504. 4.80% of the stock is currently owned by company insiders.
COPYRIGHT VIOLATION NOTICE: “Mettler-Toledo International (MTD) Issues Q4 2018 Earnings Guidance” was reported by Stock Observer and is the property of of Stock Observer. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.thestockobserver.com/2018/11/10/mettler-toledo-international-mtd-issues-q4-2018-earnings-guidance.html.
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; 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.
Read More: How is inflation measured?
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.