Equities research analysts expect that Mettler-Toledo International Inc. (NYSE:MTD) will announce sales of $807.37 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Mettler-Toledo International’s earnings, with estimates ranging from $801.50 million to $825.00 million. Mettler-Toledo International reported sales of $778.03 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.8%. The firm is expected to issue its next quarterly earnings results on Thursday, February 14th.
On average, analysts expect that Mettler-Toledo International will report full year sales of $2.92 billion for the current fiscal year, with estimates ranging from $2.92 billion to $2.94 billion. For the next fiscal year, analysts expect that the business will post sales of $3.03 billion, with estimates ranging from $2.99 billion to $3.13 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Mettler-Toledo International.
Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, November 8th. The medical instruments supplier reported $5.12 EPS for the quarter, topping the Zacks’ consensus estimate of $4.99 by $0.13. The business had revenue of $734.85 million for 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 last year, the company posted $4.36 earnings per share.
A number of brokerages have recently commented on MTD. UBS Group began coverage on shares of Mettler-Toledo International in a research report on Tuesday, October 9th. They set a “neutral” rating and a $625.00 target price on the stock. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $621.00 target price on the stock in a research report on Friday, October 12th. ValuEngine raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Finally, Morgan Stanley raised their target price on shares of Mettler-Toledo International from $529.00 to $572.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 10th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $624.00.
Shares of NYSE:MTD traded down $19.32 during trading on Monday, reaching $590.78. 221,935 shares of the company were exchanged, 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 price-to-earnings-growth ratio of 2.37 and a beta of 1.20. Mettler-Toledo International has a 12-month low of $521.79 and a 12-month high of $697.26. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.39.
In other news, insider William P. Donnelly sold 2,500 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $598.20, for a total transaction of $1,495,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider La Guerroniere Marc De sold 740 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $600.00, for a total transaction of $444,000.00. Following the transaction, the insider now owns 740 shares in the company, valued at $444,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,871 shares of company stock worth $19,575,275. Insiders own 4.80% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTD. WCM Investment Management CA bought a new position in shares of Mettler-Toledo International during the second quarter valued at approximately $527,205,000. Moneta Group Investment Advisors LLC acquired a new stake in Mettler-Toledo International in the second quarter valued at approximately $110,000. American Century Companies Inc. acquired a new stake in Mettler-Toledo International in the second quarter valued at approximately $33,951,000. Credit Suisse AG boosted its stake in Mettler-Toledo International by 22.6% in the third quarter. Credit Suisse AG now owns 303,768 shares of the medical instruments supplier’s stock valued at $184,990,000 after acquiring an additional 55,979 shares in the last quarter. Finally, Putnam Investments LLC boosted its stake in Mettler-Toledo International by 27.0% in the third quarter. Putnam Investments LLC now owns 236,651 shares of the medical instruments supplier’s stock valued at $144,116,000 after acquiring an additional 50,261 shares in the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.
About Mettler-Toledo International
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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