Mettler-Toledo International (NYSE:MTD) updated its FY19 earnings guidance on Thursday. The company provided EPS guidance of $22.60-22.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $22.67. Mettler-Toledo International also updated its FY 2019 guidance to $22.60-22.75 EPS.
Several analysts have weighed in on the company. ValuEngine cut Mettler-Toledo International from a buy rating to a hold rating in a research report on Thursday. Barclays cut Mettler-Toledo International from an equal weight rating to an underweight rating and set a $680.00 price objective on the stock. in a research report on Monday, July 15th. Wolfe Research assumed coverage on Mettler-Toledo International in a research report on Thursday, May 30th. They set a peer perform rating on the stock. Bank of America reaffirmed a neutral rating and set a $755.00 price objective (up from $725.00) on shares of Mettler-Toledo International in a research report on Tuesday, April 16th. Finally, Zacks Investment Research cut Mettler-Toledo International from a buy rating to a hold rating and set a $811.00 price objective on the stock. in a research report on Friday, June 7th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $688.60.
Mettler-Toledo International stock traded down $42.97 during trading hours on Friday, hitting $717.82. 480,142 shares of the stock traded hands, compared to its average volume of 196,697. The business’s 50-day moving average price is $818.91. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $18.77 billion, a P/E ratio of 35.33, a PEG ratio of 2.42 and a beta of 1.33. Mettler-Toledo International has a one year low of $500.74 and a one year high of $873.51.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $5.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.09 by $0.07. The business had revenue of $731.00 million for the quarter, compared to analysts’ expectations of $736.23 million. Mettler-Toledo International had a return on equity of 95.67% and a net margin of 17.98%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $4.65 EPS. On average, equities research analysts predict that Mettler-Toledo International will post 22.7 earnings per share for the current year.
In other news, insider La Guerroniere Marc De sold 4,625 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $750.00, for a total transaction of $3,468,750.00. Following the completion of the transaction, the insider now directly owns 16,610 shares in the company, valued at $12,457,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Oliver A. Filliol sold 34,000 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $724.47, for a total transaction of $24,631,980.00. Following the transaction, the insider now owns 29,632 shares of the company’s stock, valued at $21,467,495.04. The disclosure for this sale can be found here. Insiders have sold 48,925 shares of company stock valued at $35,650,928 over the last quarter. Company insiders own 3.50% 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; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.
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