Mettler-Toledo International (MTD) Updates FY19 Earnings Guidance

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Mettler-Toledo International (NYSE:MTD) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $22.50-$22.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $22.50. The company issued revenue guidance of ~$3.08 billion, compared to the consensus revenue estimate of $3.02 billion.Mettler-Toledo International also updated its FY 2019 guidance to $22.50-22.70 EPS.

A number of brokerages recently commented on MTD. ValuEngine raised shares of Mettler-Toledo International from a hold rating to a buy rating in a research note on Thursday, January 24th. Zacks Investment Research downgraded shares of Mettler-Toledo International from a hold rating to a sell rating in a research note on Tuesday, January 15th. Evercore ISI downgraded shares of Mettler-Toledo International from an in-line rating to an underperform rating in a research note on Thursday, January 3rd. Finally, Bank of America downgraded shares of Mettler-Toledo International from a buy rating to a neutral rating and set a $546.04 price objective for the company. in a research note on Thursday, January 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Mettler-Toledo International currently has a consensus rating of Hold and a consensus price target of $612.01.

NYSE:MTD traded up $14.17 during trading hours on Friday, reaching $662.30. The company’s stock had a trading volume of 289,761 shares, compared to its average volume of 108,429. The company has a market capitalization of $16.23 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 2.25 and a beta of 1.30. Mettler-Toledo International has a 12 month low of $500.74 and a 12 month high of $666.46. The company has a quick ratio of 1.00, a current ratio of 1.39 and a debt-to-equity ratio of 1.86.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, February 7th. The medical instruments supplier reported $6.85 EPS for the quarter, topping analysts’ consensus estimates of $6.74 by $0.11. The company had revenue of $817.92 million during the quarter, compared to the consensus estimate of $807.58 million. Mettler-Toledo International had a net margin of 17.46% and a return on equity of 96.69%. Mettler-Toledo International’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.97 earnings per share. On average, sell-side analysts expect that Mettler-Toledo International will post 22.49 EPS for the current year.

In other news, insider William P. Donnelly sold 2,500 shares of the company’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $598.20, for a total transaction of $1,495,500.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael A. Kelly sold 2,600 shares of the company’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $603.82, for a total value of $1,569,932.00. Following the transaction, the director now directly owns 4,054 shares in the company, valued at $2,447,886.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,295 shares of company stock worth $18,029,675. Insiders own 4.80% of the company’s stock.

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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; 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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