Q4 2022 Earnings Forecast for Mettler-Toledo International Inc. Issued By Jefferies Financial Group (NYSE:MTD)

Mettler-Toledo International Inc. (NYSE:MTDGet Rating) – Stock analysts at Jefferies Financial Group decreased their Q4 2022 EPS estimates for Mettler-Toledo International in a research report issued to clients and investors on Tuesday, November 22nd. Jefferies Financial Group analyst B. Couillard now expects that the medical instruments supplier will earn $11.63 per share for the quarter, down from their previous forecast of $11.96. The consensus estimate for Mettler-Toledo International’s current full-year earnings is $39.02 per share. Jefferies Financial Group also issued estimates for Mettler-Toledo International’s Q1 2023 earnings at $9.13 EPS, Q4 2023 earnings at $11.74 EPS, FY2023 earnings at $42.05 EPS and FY2024 earnings at $46.41 EPS.

Mettler-Toledo International (NYSE:MTDGet Rating) last released its earnings results on Thursday, November 3rd. The medical instruments supplier reported $10.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.83 by $0.35. The firm had revenue of $985.80 million during the quarter, compared to analysts’ expectations of $973.68 million. Mettler-Toledo International had a return on equity of 1,929.28% and a net margin of 21.48%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.72 EPS.

MTD has been the subject of a number of other research reports. Stifel Nicolaus raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $1,500.00 price target for the company in a research report on Tuesday, September 6th. StockNews.com started coverage on shares of Mettler-Toledo International in a report on Wednesday, October 12th. They set a “buy” rating for the company. The Goldman Sachs Group upgraded shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $1,120.00 to $1,355.00 in a research note on Tuesday, November 8th. Robert W. Baird reduced their price objective on shares of Mettler-Toledo International from $1,406.00 to $1,284.00 in a research note on Friday, November 4th. Finally, TheStreet cut Mettler-Toledo International from a “b” rating to a “c+” rating in a report on Thursday, July 28th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,357.20.

Mettler-Toledo International Stock Up 0.1 %

NYSE:MTD opened at $1,441.32 on Thursday. The stock has a 50-day simple moving average of $1,232.02 and a 200 day simple moving average of $1,237.31. Mettler-Toledo International has a 52-week low of $1,065.55 and a 52-week high of $1,714.75. The company has a market cap of $32.13 billion, a PE ratio of 39.45, a PEG ratio of 3.03 and a beta of 1.17. The company has a debt-to-equity ratio of 250.82, a quick ratio of 0.74 and a current ratio of 1.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Toroso Investments LLC lifted its position in Mettler-Toledo International by 2.0% during the third quarter. Toroso Investments LLC now owns 450 shares of the medical instruments supplier’s stock worth $488,000 after acquiring an additional 9 shares during the last quarter. CVA Family Office LLC lifted its holdings in Mettler-Toledo International by 53.3% during the 3rd quarter. CVA Family Office LLC now owns 23 shares of the medical instruments supplier’s stock worth $25,000 after purchasing an additional 8 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in Mettler-Toledo International in the 3rd quarter valued at $2,418,000. M&T Bank Corp grew its holdings in Mettler-Toledo International by 35.1% in the 3rd quarter. M&T Bank Corp now owns 12,865 shares of the medical instruments supplier’s stock valued at $13,949,000 after buying an additional 3,340 shares in the last quarter. Finally, Telemetry Investments L.L.C. bought a new position in Mettler-Toledo International during the 3rd quarter worth $201,000. Institutional investors and hedge funds own 93.00% of the company’s stock.

Insider Activity

In other news, CFO Shawn Vadala sold 880 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $1,299.43, for a total value of $1,143,498.40. Following the sale, the chief financial officer now directly owns 4,900 shares of the company’s stock, valued at approximately $6,367,207. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Shawn Vadala sold 880 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $1,299.43, for a total transaction of $1,143,498.40. Following the transaction, the chief financial officer now directly owns 4,900 shares of the company’s stock, valued at approximately $6,367,207. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider La Guerroniere Marc De sold 2,101 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $1,397.81, for a total value of $2,936,798.81. The disclosure for this sale can be found here. Insiders sold a total of 20,747 shares of company stock valued at $28,684,230 in the last quarter. Company insiders own 2.80% of the company’s stock.

Mettler-Toledo International Company Profile

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Mettler-Toledo International Inc engages in the manufacture and supply of precision instruments and services worldwide. It operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.

Further Reading

Earnings History and Estimates for Mettler-Toledo International (NYSE:MTD)

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