Mettler-Toledo International (NYSE:MTD) Releases FY 2021 Earnings Guidance

Mettler-Toledo International (NYSE:MTD) updated its FY 2021 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $33.350-$33.400 for the period, compared to the Thomson Reuters consensus estimate of $32.960. The company issued revenue guidance of $3.61 billion-$3.61 billion, compared to the consensus revenue estimate of $3.67 billion.Mettler-Toledo International also updated its Q4 2021 guidance to $10.000-$10.050 EPS.

A number of research analysts have recently commented on the company. Robert W. Baird raised their target price on Mettler-Toledo International from $1,455.00 to $1,531.00 and gave the company a neutral rating in a research note on Monday, November 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded Mettler-Toledo International from a hold rating to a buy rating and set a $1,552.00 target price for the company in a research note on Tuesday, September 28th. Finally, Wells Fargo & Company lifted their price objective on Mettler-Toledo International from $1,350.00 to $1,500.00 and gave the company an equal weight rating in a research note on Friday, July 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $1,396.60.

NYSE:MTD traded down $5.94 during trading hours on Thursday, reaching $1,518.25. 91,360 shares of the company traded hands, compared to its average volume of 104,432. The business’s 50-day moving average price is $1,471.51 and its two-hundred day moving average price is $1,441.99. The stock has a market capitalization of $34.90 billion, a P/E ratio of 47.58, a P/E/G ratio of 2.60 and a beta of 1.03. Mettler-Toledo International has a 1 year low of $1,033.40 and a 1 year high of $1,626.62. The company has a current ratio of 1.24, a quick ratio of 0.86 and a debt-to-equity ratio of 10.30.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, November 4th. The medical instruments supplier reported $8.72 EPS for the quarter, topping the Zacks’ consensus estimate of $8.28 by $0.44. The business had revenue of $951.95 million during the quarter, compared to analyst estimates of $931.63 million. Mettler-Toledo International had a return on equity of 369.24% and a net margin of 20.85%. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the company earned $7.02 EPS. As a group, equities analysts anticipate that Mettler-Toledo International will post 33.42 EPS for the current year.

In related news, Director Olivier A. Filliol sold 6,537 shares of Mettler-Toledo International stock in a transaction on Tuesday, November 16th. The stock was sold at an average price of $1,538.49, for a total value of $10,057,109.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gerry Keller sold 259 shares of Mettler-Toledo International stock in a transaction on Monday, November 15th. The stock was sold at an average price of $1,545.08, for a total value of $400,175.72. The disclosure for this sale can be found here. In the last three months, insiders sold 15,896 shares of company stock valued at $24,532,645. Corporate insiders own 3.00% of the company’s stock.

A hedge fund recently raised its stake in Mettler-Toledo International stock. Morgan Stanley raised its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 9.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 64,742 shares of the medical instruments supplier’s stock after purchasing an additional 5,515 shares during the period. Morgan Stanley owned 0.28% of Mettler-Toledo International worth $89,690,000 as of its most recent SEC filing. 92.27% of the stock is owned by hedge funds and other institutional investors.

About Mettler-Toledo International

Mettler-Toledo International, Inc is a supplier of precision instruments and services. The firm manufactures weighing instruments for use in laboratory, industrial, packaging, logistics, and food retailing applications. It also manufactures several related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and also, metal detection and other end-of-line inspection systems used in production and packaging and provides solutions for use in certain process analytics applications.

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