$7.32 Earnings Per Share Expected for Mettler-Toledo International Inc. (NYSE:MTD) This Quarter

Brokerages expect that Mettler-Toledo International Inc. (NYSE:MTDGet Rating) will report earnings per share of $7.32 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Mettler-Toledo International’s earnings, with the highest EPS estimate coming in at $7.35 and the lowest estimate coming in at $7.27. Mettler-Toledo International reported earnings per share of $6.56 during the same quarter last year, which suggests a positive year-over-year growth rate of 11.6%. The company is expected to announce its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Mettler-Toledo International will report full-year earnings of $38.36 per share for the current fiscal year, with EPS estimates ranging from $38.15 to $38.50. For the next fiscal year, analysts anticipate that the business will post earnings of $42.56 per share, with EPS estimates ranging from $42.10 to $42.75. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Mettler-Toledo International.

Mettler-Toledo International (NYSE:MTDGet Rating) last issued its earnings results on Thursday, February 10th. The medical instruments supplier reported $10.53 EPS for the quarter, beating the Zacks’ consensus estimate of $10.07 by $0.46. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Mettler-Toledo International had a return on equity of 438.50% and a net margin of 20.68%. Mettler-Toledo International’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $9.26 earnings per share.

Several analysts have recently commented on the company. Robert W. Baird raised their price target on Mettler-Toledo International from $1,531.00 to $1,595.00 in a report on Friday, February 11th. StockNews.com began coverage on Mettler-Toledo International in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group downgraded Mettler-Toledo International from a “neutral” rating to a “sell” rating and set a $1,240.00 price target on the stock. in a report on Thursday, March 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $1,471.75.

In other Mettler-Toledo International news, insider Peter Aggersbjerg sold 694 shares of the firm’s stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $1,424.29, for a total value of $988,457.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Shawn Vadala sold 1,846 shares of the firm’s stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $1,445.00, for a total transaction of $2,667,470.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,540 shares of company stock worth $24,552,512. Company insiders own 2.80% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Mettler-Toledo International by 1.1% during the 4th quarter. BlackRock Inc. now owns 2,027,377 shares of the medical instruments supplier’s stock valued at $3,440,885,000 after purchasing an additional 22,501 shares in the last quarter. WCM Investment Management LLC raised its position in shares of Mettler-Toledo International by 1.0% in the fourth quarter. WCM Investment Management LLC now owns 1,475,820 shares of the medical instruments supplier’s stock valued at $2,504,776,000 after buying an additional 14,817 shares during the last quarter. State Street Corp raised its position in Mettler-Toledo International by 2.8% in the fourth quarter. State Street Corp now owns 1,004,301 shares of the medical instruments supplier’s stock valued at $1,704,510,000 after purchasing an additional 27,181 shares during the period. Geode Capital Management LLC increased its stake in Mettler-Toledo International by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 467,100 shares of the medical instruments supplier’s stock worth $791,240,000 after purchasing an additional 10,276 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Mettler-Toledo International by 3.8% during the 4th quarter. JPMorgan Chase & Co. now owns 315,345 shares of the medical instruments supplier’s stock worth $535,206,000 after acquiring an additional 11,462 shares in the last quarter. Institutional investors own 92.56% of the company’s stock.

Shares of MTD stock opened at $1,348.00 on Friday. The firm has a market cap of $30.65 billion, a P/E ratio of 41.07, a P/E/G ratio of 1.89 and a beta of 1.08. The company has a debt-to-equity ratio of 9.22, a quick ratio of 0.75 and a current ratio of 1.11. Mettler-Toledo International has a one year low of $1,213.94 and a one year high of $1,714.75. The firm’s 50 day moving average price is $1,401.77 and its 200-day moving average price is $1,471.16.

Mettler-Toledo International Company Profile (Get Rating)

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.

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

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