Zacks: Brokerages Expect Mettler-Toledo International, Inc. (MTD) to Post $4.32 EPS
Wall Street brokerages expect that Mettler-Toledo International, Inc. (NYSE:MTD) will post $4.32 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Mettler-Toledo International’s earnings. The highest EPS estimate is $4.55 and the lowest is $4.25. Mettler-Toledo International posted earnings of $3.89 per share during the same quarter last year, which indicates a positive year over year growth rate of 11.1%. The business is scheduled to report its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Mettler-Toledo International will report full-year earnings of $17.40 per share for the current fiscal year, with EPS estimates ranging from $17.29 to $17.80. For the next financial year, analysts expect that the firm will post earnings of $19.60 per share, with EPS estimates ranging from $19.10 to $20.35. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Mettler-Toledo International.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.03. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. The firm had revenue of $653.70 million for the quarter, compared to the consensus estimate of $646.68 million. During the same quarter in the previous year, the firm earned $3.22 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year.
A number of research firms recently weighed in on MTD. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $665.00 target price on the stock in a research note on Wednesday, June 7th. BidaskClub lowered shares of Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Wells Fargo & Company upgraded shares of Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 12th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $565.00 price target (up from $533.00) on shares of Mettler-Toledo International in a research note on Saturday, July 22nd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $544.00.
In other news, insider William P. Donnelly sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $546.18, for a total transaction of $2,730,900.00. Following the transaction, the insider now directly owns 3,000 shares in the company, valued at $1,638,540. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Shawn Vadala sold 700 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $543.64, for a total transaction of $380,548.00. Following the transaction, the chief financial officer now owns 6,225 shares in the company, valued at $3,384,159. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,046 shares of company stock worth $28,826,702. Insiders own 5.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in MTD. Canada Pension Plan Investment Board raised its position in shares of Mettler-Toledo International by 66,357.9% in the second quarter. Canada Pension Plan Investment Board now owns 12,627 shares of the medical instruments supplier’s stock worth $7,431,000 after buying an additional 12,608 shares during the period. Advisor Partners LLC increased its stake in shares of Mettler-Toledo International by 3.5% in the second quarter. Advisor Partners LLC now owns 468 shares of the medical instruments supplier’s stock valued at $275,000 after buying an additional 16 shares in the last quarter. Pictet Asset Management Ltd. increased its stake in shares of Mettler-Toledo International by 6.6% in the second quarter. Pictet Asset Management Ltd. now owns 111,332 shares of the medical instruments supplier’s stock valued at $64,885,000 after buying an additional 6,934 shares in the last quarter. JLB & Associates Inc. bought a new stake in shares of Mettler-Toledo International during the second quarter valued at $1,625,000. Finally, Sei Investments Co. increased its stake in shares of Mettler-Toledo International by 34.4% in the second quarter. Sei Investments Co. now owns 23,073 shares of the medical instruments supplier’s stock valued at $13,580,000 after buying an additional 5,903 shares in the last quarter. Institutional investors and hedge funds own 95.72% of the company’s stock.
Shares of Mettler-Toledo International (NYSE:MTD) traded up 0.08% on Tuesday, hitting $573.52. 298,350 shares of the stock were exchanged. The company’s 50 day moving average is $594.32 and its 200-day moving average is $522.25. The stock has a market cap of $14.72 billion, a PE ratio of 35.36 and a beta of 1.14. Mettler-Toledo International has a 52-week low of $386.01 and a 52-week high of $618.13.
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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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