Mettler-Toledo International (NYSE:MTD) Posts Quarterly Earnings Results, Beats Expectations By $0.65 EPS

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

Mettler-Toledo International Stock Performance

Shares of NYSE MTD 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 firm has a market cap of $30.79 billion, a price-to-earnings ratio of 40.42, a price-to-earnings-growth 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. The company’s 50 day moving average price is $1,414.17 and its 200 day moving average price is $1,327.84.

Insider Transactions at Mettler-Toledo International

In other news, Director Thomas P. Salice sold 1,268 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,490.18, for a total value of $1,889,548.24. Following the transaction, the director now owns 244 shares in the company, valued at approximately $363,603.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Shawn Vadala sold 300 shares of the stock in a transaction dated Monday, May 13th. The shares were 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 owns 4,914 shares in the company, valued at $7,160,041.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas P. Salice sold 1,268 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the transaction, the director now owns 244 shares of the company’s stock, valued at approximately $363,603.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,278 shares of company stock worth $4,871,849. Company insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

MTD has been the topic of several research reports. Evercore ISI lifted their price target on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a report on Tuesday, July 2nd. Stifel Nicolaus lifted their price target on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a report on Monday, May 13th. Robert W. Baird boosted their target price on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Finally, The Goldman Sachs Group boosted their target price on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and a consensus price target of $1,301.25.

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.