Mettler-Toledo International (NYSE:MTD) Releases FY20 Earnings Guidance

Mettler-Toledo International (NYSE:MTD) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $22.70 to $23.20 for the period, compared to the Thomson Reuters consensus estimate of $21.19. Mettler-Toledo International also updated its FY 2020
After-Hours guidance to 22.70-23.20 EPS.

NYSE MTD traded up $39.83 during trading on Friday, hitting $935.00. The company’s stock had a trading volume of 248,539 shares, compared to its average volume of 102,751. The company has a quick ratio of 1.34, a current ratio of 1.77 and a debt-to-equity ratio of 4.94. The firm has a 50 day moving average price of $823.58 and a 200 day moving average price of $759.60. The firm has a market cap of $22.35 billion, a P/E ratio of 41.95, a price-to-earnings-growth ratio of 4.74 and a beta of 1.08. Mettler-Toledo International has a 52 week low of $579.40 and a 52 week high of $953.70.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, July 30th. The medical instruments supplier reported $5.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.27 by $1.02. The company had revenue of $690.67 million for the quarter, compared to the consensus estimate of $647.43 million. Mettler-Toledo International had a return on equity of 144.27% and a net margin of 18.61%. During the same period in the previous year, the business posted $5.16 EPS. On average, equities analysts expect that Mettler-Toledo International will post 23.1 earnings per share for the current year.

Several research analysts have commented on MTD shares. UBS Group lifted their price target on Mettler-Toledo International from $755.00 to $770.00 and gave the stock a neutral rating in a research report on Friday, May 8th. Citigroup boosted their price objective on Mettler-Toledo International from $725.00 to $740.00 and gave the company a neutral rating in a research report on Friday, May 8th. Cfra boosted their price objective on Mettler-Toledo International from $705.00 to $741.00 and gave the company a hold rating in a research report on Friday, May 8th. Evercore ISI cut Mettler-Toledo International from an in-line rating to an underperform rating in a research report on Sunday, April 19th. Finally, Wells Fargo & Co restated a hold rating on shares of Mettler-Toledo International in a research report on Friday. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $733.20.

In other Mettler-Toledo International news, insider Christian Magloth sold 750 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $702.96, for a total value of $527,220.00. Following the transaction, the insider now owns 901 shares of the company’s stock, valued at $633,366.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Gerry Keller sold 471 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $733.64, for a total value of $345,544.44. Following the completion of the transaction, the insider now directly owns 381 shares in the company, valued at approximately $279,516.84. The disclosure for this sale can be found here. Insiders sold 13,547 shares of company stock worth $9,694,046 over the last quarter. Company insiders own 3.20% 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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Earnings History and Estimates for Mettler-Toledo International (NYSE:MTD)

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