Mettler-Toledo International (MTD) Issues Q4 2018 Earnings Guidance

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.

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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.

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