Q1 2018 EPS Estimates for Mettler-Toledo International Inc. Boosted by Jefferies Group (MTD)

Mettler-Toledo International Inc. (NYSE:MTD) – Analysts at Jefferies Group increased their Q1 2018 earnings per share estimates for Mettler-Toledo International in a report issued on Tuesday. Jefferies Group analyst B. Couillard now forecasts that the medical instruments supplier will post earnings of $3.70 per share for the quarter, up from their previous estimate of $3.60. Jefferies Group has a “Hold” rating and a $600.00 price target on the stock. Jefferies Group also issued estimates for Mettler-Toledo International’s Q3 2018 earnings at $5.03 EPS and FY2019 earnings at $22.25 EPS.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share for the quarter, beating analysts’ consensus estimates of $5.93 by $0.04. Mettler-Toledo International had a net margin of 13.80% and a return on equity of 94.54%. The firm had revenue of $778.03 million for the quarter, compared to analyst estimates of $764.26 million. During the same quarter last year, the business posted $5.28 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis.

Several other research firms also recently issued reports on MTD. Robert W. Baird raised their price target on shares of Mettler-Toledo International from $605.00 to $675.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Morgan Stanley raised their price target on shares of Mettler-Toledo International from $535.00 to $545.00 and gave the company an “equal weight” rating in a research note on Friday, November 3rd. Barclays assumed coverage on shares of Mettler-Toledo International in a research note on Thursday, January 4th. They set an “equal weight” rating and a $625.00 price target for the company. Evercore ISI assumed coverage on shares of Mettler-Toledo International in a research note on Wednesday, January 3rd. They set an “in-line” rating and a $625.00 price target for the company. Finally, Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $651.44.

Mettler-Toledo International (NYSE MTD) opened at $624.67 on Thursday. The stock has a market cap of $15,980.00, a price-to-earnings ratio of 43.87, a PEG ratio of 2.54 and a beta of 1.08. Mettler-Toledo International has a 52 week low of $460.00 and a 52 week high of $697.26. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.09 and a current ratio of 1.46.

In related news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction on Monday, February 12th. The shares were sold at an average price of $605.20, for a total transaction of $181,560.00. Following the completion of the transaction, the chief financial officer now owns 5,599 shares of the company’s stock, valued at $3,388,514.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas Caratsch sold 1,333 shares of Mettler-Toledo International stock in a transaction on Monday, November 27th. The stock was sold at an average price of $634.44, for a total transaction of $845,708.52. Following the transaction, the insider now directly owns 1,270 shares of the company’s stock, valued at approximately $805,738.80. The disclosure for this sale can be found here. Insiders have sold 12,659 shares of company stock valued at $7,863,070 in the last three months. 5.20% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. USA Mutuals Advisors Inc. bought a new stake in Mettler-Toledo International in the fourth quarter valued at $101,000. Steward Partners Investment Advisory LLC bought a new stake in Mettler-Toledo International in the third quarter valued at $125,000. Quantbot Technologies LP bought a new stake in Mettler-Toledo International in the third quarter valued at $193,000. Lourd Capital LLC bought a new stake in Mettler-Toledo International in the fourth quarter valued at $211,000. Finally, Quadrant Private Wealth Management LLC bought a new stake in Mettler-Toledo International in the fourth quarter valued at $232,000. 91.79% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Q1 2018 EPS Estimates for Mettler-Toledo International Inc. Boosted by Jefferies Group (MTD)” was published by Week Herald and is the property of of Week Herald. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://weekherald.com/2018/02/15/q1-2018-eps-estimates-for-mettler-toledo-international-inc-boosted-by-jefferies-group-mtd.html.

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.

Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply