Mettler-Toledo International (NYSE:MTD) Releases Q4 2021 Earnings Guidance

Mettler-Toledo International (NYSE:MTD) issued an update on its fourth quarter 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $10.000-$10.050 for the period, compared to the Thomson Reuters consensus estimate of $9.990. The company issued revenue guidance of $1.01 billion-$1.01 billion, compared to the consensus revenue estimate of $1.01 billion.Mettler-Toledo International also updated its FY 2021 guidance to $33.350-$33.400 EPS.

Shares of Mettler-Toledo International stock traded down $5.94 during trading on Thursday, hitting $1,518.25. The stock had a trading volume of 91,360 shares, compared to its average volume of 104,432. The firm has a market cap of $34.90 billion, a price-to-earnings ratio of 47.58, a P/E/G ratio of 2.60 and a beta of 1.03. Mettler-Toledo International has a 12 month low of $1,033.40 and a 12 month high of $1,626.62. The business’s 50-day moving average is $1,471.51 and its 200 day moving average is $1,441.99. 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 released its quarterly earnings results on Thursday, November 4th. The medical instruments supplier reported $8.72 earnings per share for the quarter, topping the consensus estimate of $8.28 by $0.44. Mettler-Toledo International had a net margin of 20.85% and a return on equity of 369.24%. The firm had revenue of $951.95 million for the quarter, compared to analysts’ expectations of $931.63 million. During the same quarter in the prior year, the firm posted $7.02 earnings per share. The business’s quarterly revenue was up 17.9% on a year-over-year basis. As a group, equities analysts expect that Mettler-Toledo International will post 33.42 EPS for the current year.

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

In other news, Director Olivier A. Filliol sold 6,537 shares of the business’s stock in a transaction dated Tuesday, November 16th. The shares were sold at an average price of $1,538.49, for a total value of $10,057,109.13. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gerry Keller sold 259 shares of Mettler-Toledo International stock in a transaction dated Monday, November 15th. The stock was sold at an average price of $1,545.08, for a total transaction of $400,175.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,896 shares of company stock worth $24,532,645. 3.00% of the stock is currently owned by insiders.

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

Mettler-Toledo International Company Profile

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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