Mettler-Toledo International (NYSE:MTD) Posts Earnings Results

Mettler-Toledo International (NYSE:MTD) issued its quarterly earnings data on Thursday. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.00 by $0.65, Briefing.com reports. The company had revenue of $946.75 million during the quarter, compared to analysts’ expectations of $929.13 million. Mettler-Toledo International had a negative return on equity of 590.80% and a net margin of 20.95%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period last year, the business earned $10.19 earnings per share.

Mettler-Toledo International Stock Down 4.9 %

MTD stock traded down $73.92 during midday trading on Friday, reaching $1,441.43. The stock had a trading volume of 327,034 shares, compared to its average volume of 136,241. The business has a fifty day simple moving average of $1,414.17 and a two-hundred day simple moving average of $1,326.84. The firm has a market cap of $30.79 billion, a price-to-earnings ratio of 40.42, a PEG ratio of 4.06 and a beta of 1.17. Mettler-Toledo International has a twelve month low of $928.49 and a twelve month high of $1,546.93.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MTD shares. Robert W. Baird lifted their price objective on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Citigroup raised their target price on Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a research note on Monday, May 13th. Stifel Nicolaus raised their target price on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Jefferies Financial Group restated an “underperform” rating and issued a $1,250.00 target price (up from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Finally, StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $1,301.25.

Insider Buying and Selling

In other news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $7,160,041.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Gerry Keller sold 310 shares of Mettler-Toledo International stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $1,511.56, for a total transaction of $468,583.60. Following the transaction, the insider now owns 6 shares in the company, valued at approximately $9,069.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total value of $437,121.00. Following the transaction, the chief financial officer now owns 4,914 shares in the company, valued at approximately $7,160,041.98. The disclosure for this sale can be found here. Insiders sold a total of 3,278 shares of company stock worth $4,871,849 over the last three months. 1.94% of the stock is currently owned by company insiders.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through 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, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.