Zacks: Analysts Expect Mettler-Toledo International Inc. (MTD) to Announce $5.93 EPS

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.

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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.

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