Mettler-Toledo International Inc. (NYSE:MTD) – Analysts at Jefferies Financial Group upped their FY2019 earnings estimates for shares of Mettler-Toledo International in a note issued to investors on Friday, August 2nd. Jefferies Financial Group analyst B. Couillard now expects that the medical instruments supplier will earn $22.70 per share for the year, up from their previous estimate of $22.65. Jefferies Financial Group also issued estimates for Mettler-Toledo International’s Q4 2019 earnings at $7.74 EPS, Q1 2020 earnings at $5.60 EPS, Q2 2020 earnings at $6.11 EPS, Q3 2020 earnings at $6.35 EPS, Q4 2020 earnings at $7.26 EPS and FY2020 earnings at $25.30 EPS.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.07. The business had revenue of $731.00 million during the quarter, compared to analyst estimates of $736.23 million. Mettler-Toledo International had a return on equity of 98.65% and a net margin of 18.45%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $4.65 earnings per share.
A number of other research firms have also issued reports on MTD. Wolfe Research assumed coverage on Mettler-Toledo International in a research report on Thursday, May 30th. They issued a “peer perform” rating for the company. ValuEngine lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays lowered Mettler-Toledo International from an “equal weight” rating to an “underweight” rating and set a $680.00 price target for the company. in a research report on Monday, July 15th. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating and set a $811.00 price target for the company. in a research report on Friday, June 7th. Finally, Bank of America restated a “neutral” rating and issued a $755.00 price target (up from $725.00) on shares of Mettler-Toledo International in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $688.60.
MTD stock opened at $707.17 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 2.16. The firm has a 50 day moving average of $812.32. The stock has a market capitalization of $17.80 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 2.29 and a beta of 1.33. Mettler-Toledo International has a 1 year low of $500.74 and a 1 year high of $873.51.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its position in shares of Mettler-Toledo International by 3.3% during the first quarter. CIBC Private Wealth Group LLC now owns 470 shares of the medical instruments supplier’s stock worth $340,000 after buying an additional 15 shares during the period. Berman Capital Advisors LLC raised its stake in shares of Mettler-Toledo International by 48.5% in the second quarter. Berman Capital Advisors LLC now owns 49 shares of the medical instruments supplier’s stock valued at $41,000 after acquiring an additional 16 shares in the last quarter. Hartford Investment Management Co. raised its stake in shares of Mettler-Toledo International by 0.6% in the second quarter. Hartford Investment Management Co. now owns 2,656 shares of the medical instruments supplier’s stock valued at $2,231,000 after acquiring an additional 17 shares in the last quarter. Signaturefd LLC raised its stake in shares of Mettler-Toledo International by 11.0% in the second quarter. Signaturefd LLC now owns 172 shares of the medical instruments supplier’s stock valued at $144,000 after acquiring an additional 17 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of Mettler-Toledo International by 5.6% in the second quarter. Raymond James Trust N.A. now owns 337 shares of the medical instruments supplier’s stock valued at $283,000 after acquiring an additional 18 shares in the last quarter. Institutional investors and hedge funds own 95.42% of the company’s stock.
In related news, Director Wah-Hui Chu sold 300 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $740.00, for a total value of $222,000.00. Following the completion of the transaction, the director now directly owns 3,154 shares in the company, valued at $2,333,960. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Shawn Vadala sold 700 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $721.00, for a total value of $504,700.00. Following the completion of the transaction, the chief financial officer now owns 5,450 shares of the company’s stock, valued at $3,929,450. The disclosure for this sale can be found here. Insiders sold 48,925 shares of company stock valued at $35,650,928 over the last quarter. 3.50% of the stock is currently owned by company insiders.
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; 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.
Further Reading: Earnings Per Share
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