Equities analysts expect Mettler-Toledo International Inc. (NYSE:MTD) to announce $5.93 earnings per share for the current quarter, according to Zacks. Six analysts have made estimates for Mettler-Toledo International’s earnings. The highest EPS estimate is $6.11 and the lowest is $5.87. Mettler-Toledo International reported earnings per share of $5.28 in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.3%. The company is scheduled to issue its next quarterly earnings results after the market closes on Thursday, February 8th.
According to Zacks, analysts expect that Mettler-Toledo International will report full-year earnings of $17.52 per share for the current fiscal year, with EPS estimates ranging from $17.47 to $17.69. For the next fiscal year, analysts anticipate that the firm will post earnings of $19.92 per share, with EPS estimates ranging from $19.69 to $20.57. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Mettler-Toledo International.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 EPS for the quarter, beating the consensus estimate of $4.32 by $0.04. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. The firm had revenue of $698.80 million during the quarter, compared to analysts’ expectations of $685.56 million. During the same quarter last year, the firm earned $3.89 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis.
Several equities research analysts recently commented on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $535.00 price target (down previously from $565.00) on shares of Mettler-Toledo International in a report on Friday, October 6th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $690.00 price target on shares of Mettler-Toledo International in a report on Tuesday, September 26th. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 price target for the company in a report on Thursday, September 21st. Evercore ISI assumed coverage on Mettler-Toledo International in a report on Wednesday, January 3rd. They issued an “in-line” rating and a $625.00 price target for the company. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $600.00 price target on shares of Mettler-Toledo International in a report on Friday, October 20th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus price target of $622.33.
In other Mettler-Toledo International news, insider Simon Kirk sold 4,726 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $629.01, for a total transaction of $2,972,701.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Kelly sold 3,384 shares of Mettler-Toledo International stock in a transaction on Monday, November 6th. The shares were sold at an average price of $638.24, for a total value of $2,159,804.16. Following the completion of the sale, the director now directly owns 4,762 shares of the company’s stock, valued at $3,039,298.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,969 shares of company stock valued at $25,242,999. 5.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of MTD. Koch Industries Inc. grew its stake in shares of Mettler-Toledo International by 96,281.2% in the second quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock valued at $696,000 after buying an additional 696,113 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Mettler-Toledo International by 5,926.9% in the second quarter. Janus Henderson Group PLC now owns 202,927 shares of the medical instruments supplier’s stock valued at $119,430,000 after buying an additional 199,560 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Mettler-Toledo International by 253.5% in the second quarter. Parametric Portfolio Associates LLC now owns 201,137 shares of the medical instruments supplier’s stock valued at $118,377,000 after buying an additional 144,245 shares in the last quarter. BlackRock Inc. grew its stake in shares of Mettler-Toledo International by 6.4% in the second quarter. BlackRock Inc. now owns 1,860,178 shares of the medical instruments supplier’s stock valued at $1,094,791,000 after buying an additional 112,029 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Mettler-Toledo International by 2.9% in the second quarter. Vanguard Group Inc. now owns 2,621,389 shares of the medical instruments supplier’s stock valued at $1,542,792,000 after buying an additional 74,156 shares in the last quarter. 91.57% of the stock is owned by institutional investors and hedge funds.
Mettler-Toledo International (MTD) traded up $11.34 during trading hours on Friday, hitting $650.60. The company had a trading volume of 149,619 shares, compared to its average volume of 160,869. Mettler-Toledo International has a 12-month low of $408.97 and a 12-month high of $694.48. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.51. The firm has a market capitalization of $16,351.71, a PE ratio of 39.48, a PEG ratio of 2.57 and a beta of 1.09.
WARNING: This piece was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://transcriptdaily.com/2018/01/14/zacks-analysts-expect-mettler-toledo-international-inc-mtd-to-announce-5-93-eps.html.
About Mettler-Toledo International
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.