Mettler-Toledo International (NYSE:MTD) Updates Q4 2024 Earnings Guidance

Mettler-Toledo International (NYSE:MTD) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 11.630-11.780 for the period, compared to the consensus EPS estimate of 11.860. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Mettler-Toledo International also updated its FY 2024 guidance to 40.350-40.500 EPS.

Analyst Ratings Changes

Several research analysts have recently issued reports on MTD shares. JPMorgan Chase & Co. lifted their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Evercore ISI raised their price target on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 1st. Stifel Nicolaus upped their price objective on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company began coverage on Mettler-Toledo International in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $1,363.75.

Mettler-Toledo International Price Performance

NYSE:MTD traded up $13.33 during mid-day trading on Thursday, reaching $1,411.52. The company’s stock had a trading volume of 154,012 shares, compared to its average volume of 132,796. Mettler-Toledo International has a twelve month low of $953.28 and a twelve month high of $1,546.93. The company’s fifty day simple moving average is $1,400.98 and its two-hundred day simple moving average is $1,399.40. The stock has a market cap of $29.95 billion, a P/E ratio of 38.84, a P/E/G ratio of 3.99 and a beta of 1.16.

Insider Activity at Mettler-Toledo International

In related news, insider Christian Magloth sold 1,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the transaction, the insider now directly owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.94% of the stock is owned by 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.