Mettler-Toledo International (MTD) Set to Announce Earnings on Thursday

Mettler-Toledo International (NYSE:MTD) will post its quarterly earnings results after the market closes on Thursday, February 7th. Analysts expect Mettler-Toledo International to post earnings of $6.74 per share for the quarter.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, November 8th. The medical instruments supplier reported $5.12 EPS for the quarter, topping analysts’ consensus estimates of $4.99 by $0.13. Mettler-Toledo International had a net margin of 14.10% and a return on equity of 93.15%. The company had revenue of $734.85 million for the quarter, compared to analysts’ expectations of $738.23 million. During the same quarter last year, the business earned $4.36 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, analysts expect Mettler-Toledo International to post $20 EPS for the current fiscal year and $22 EPS for the next fiscal year.

NYSE MTD opened at $652.84 on Wednesday. Mettler-Toledo International has a 12 month low of $500.74 and a 12 month high of $656.75. The company has a market cap of $16.10 billion, a price-to-earnings ratio of 37.16, a PEG ratio of 2.23 and a beta of 1.30. The company has a current ratio of 1.39, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86.

In other Mettler-Toledo International news, Director Hans Ulrich Maerki sold 2,600 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $650.00, for a total transaction of $1,690,000.00. Following the completion of the sale, the director now directly owns 9,487 shares of the company’s stock, valued at approximately $6,166,550. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Shawn Vadala sold 449 shares of the stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $597.21, for a total transaction of $268,147.29. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,295 shares of company stock valued at $18,029,675. Insiders own 4.80% of the company’s stock.

A number of equities research analysts have commented on the stock. ValuEngine upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Zacks Investment Research cut shares of Mettler-Toledo International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Bank of America lowered shares of Mettler-Toledo International from a “buy” rating to a “neutral” rating and set a $546.04 price objective for the company. in a report on Thursday, January 3rd. Evercore ISI lowered shares of Mettler-Toledo International from an “in-line” rating to an “underperform” rating in a report on Thursday, January 3rd. Finally, Morgan Stanley increased their price objective 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Mettler-Toledo International currently has an average rating of “Hold” and an average price target of $612.01.

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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.

Read More: Cost of Equity For A Business, Investors

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

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