Brokerages Expect Mettler-Toledo International Inc. (MTD) Will Announce Earnings of $6.74 Per Share

Brokerages expect Mettler-Toledo International Inc. (NYSE:MTD) to report $6.74 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Mettler-Toledo International’s earnings, with the highest EPS estimate coming in at $6.76 and the lowest estimate coming in at $6.68. Mettler-Toledo International posted earnings per share of $5.97 in the same quarter last year, which indicates a positive year-over-year growth rate of 12.9%. The company is expected to issue its next earnings report on Thursday, February 14th.

On average, analysts expect that Mettler-Toledo International will report full year earnings of $20.23 per share for the current fiscal year, with EPS estimates ranging from $20.20 to $20.27. For the next fiscal year, analysts forecast that the business will post earnings of $22.50 per share, with EPS estimates ranging from $22.34 to $22.60. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Mettler-Toledo International.

Mettler-Toledo International (NYSE:MTD) last announced its 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 14.10% and a return on equity of 93.15%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.36 EPS.

MTD has been the subject of a number of research reports. Zacks Investment Research lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. ValuEngine upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. Morgan Stanley upped their price objective on Mettler-Toledo International from $529.00 to $572.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 10th. Finally, UBS Group started coverage on Mettler-Toledo International in a research note on Tuesday, October 9th. They issued a “neutral” rating and a $625.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Mettler-Toledo International presently has a consensus rating of “Hold” and an average target price of $624.00.

MTD traded down $19.32 during mid-day trading on Friday, reaching $590.78. 221,935 shares of the company traded hands, compared to its average volume of 180,893. The firm has a market cap of $15.28 billion, a PE ratio of 33.62, a P/E/G ratio of 2.37 and a beta of 1.20. The company has a current ratio of 1.39, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86. Mettler-Toledo International has a 52-week low of $521.79 and a 52-week high of $697.26.

In other news, insider La Guerroniere Marc De sold 6,245 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $642.79, for a total value of $4,014,223.55. Following the completion of the sale, the insider now directly owns 6,245 shares in the company, valued at approximately $4,014,223.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert F. Spoerry sold 1,836 shares of the company’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $600.00, for a total value 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 $4,453,800. The disclosure for this sale can be found here. Insiders sold a total of 31,871 shares of company stock valued at $19,575,275 over the last 90 days. 4.80% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Morgan Stanley boosted its holdings in Mettler-Toledo International by 47.9% in the 2nd quarter. Morgan Stanley now owns 74,688 shares of the medical instruments supplier’s stock worth $43,217,000 after buying an additional 24,177 shares during the period. Trust Co. of Oklahoma bought a new position in Mettler-Toledo International in the 3rd quarter worth $853,000. Ontario Teachers Pension Plan Board boosted its holdings in Mettler-Toledo International by 65.4% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 52,446 shares of the medical instruments supplier’s stock worth $30,347,000 after buying an additional 20,732 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Mettler-Toledo International by 3.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 95,465 shares of the medical instruments supplier’s stock worth $55,239,000 after buying an additional 3,525 shares during the period. Finally, Epoch Investment Partners Inc. bought a new position in Mettler-Toledo International in the 2nd quarter worth $3,309,000. 93.80% of the stock is owned by institutional investors.

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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Earnings History and Estimates for Mettler-Toledo International (NYSE:MTD)

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