Mettler Toledo (MTD) Expected to Post Earnings of $3.76 Per Share

Wall Street analysts expect that Mettler Toledo (NYSE:MTD) will post $3.76 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Mettler Toledo’s earnings, with the lowest EPS estimate coming in at $3.67 and the highest estimate coming in at $4.05. Mettler Toledo posted earnings of $3.34 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.6%. The firm is scheduled to report its next earnings results after the market closes on Thursday, May 3rd.

According to Zacks, analysts expect that Mettler Toledo will report full-year earnings of $20.24 per share for the current financial year, with EPS estimates ranging from $20.04 to $21.04. For the next fiscal year, analysts forecast that the business will report earnings of $22.58 per share, with EPS estimates ranging from $22.11 to $23.66. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Mettler Toledo.

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

Several research firms have recently commented on MTD. Citigroup raised shares of Mettler Toledo from a “neutral” rating to a “buy” rating and upped their price objective for the company from $685.00 to $692.00 in a report on Friday, February 9th. Zacks Investment Research raised shares of Mettler Toledo from a “hold” rating to a “buy” rating and set a $640.00 price objective on the stock in a report on Wednesday, April 11th. Barclays began coverage on shares of Mettler Toledo in a report on Thursday, January 4th. They issued an “equal weight” rating and a $625.00 price objective on the stock. Goldman Sachs downgraded shares of Mettler Toledo from a “buy” rating to a “neutral” rating in a report on Monday, April 9th. Finally, Robert W. Baird dropped their price objective on shares of Mettler Toledo from $675.00 to $630.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $641.00.

Shares of MTD stock traded down $0.50 during trading hours on Wednesday, hitting $561.38. The company’s stock had a trading volume of 38,298 shares, compared to its average volume of 173,501. The company has a market capitalization of $14,630.32, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 2.20 and a beta of 1.20. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.46 and a quick ratio of 1.09. Mettler Toledo has a 12-month low of $507.91 and a 12-month high of $697.26.

In related news, insider La Guerroniere Marc De sold 2,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $630.00, for a total transaction of $1,260,000.00. Following the sale, the insider now directly owns 2,000 shares of the company’s stock, valued at $1,260,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Waldemar Rauch sold 3,568 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $616.72, for a total transaction of $2,200,456.96. Following the sale, the insider now directly owns 3,368 shares in the company, valued at $2,077,112.96. The disclosure for this sale can be found here. Insiders have sold 28,268 shares of company stock worth $17,497,059 over the last three months. 4.80% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in MTD. Renaissance Technologies LLC boosted its holdings in Mettler Toledo by 201.0% during the fourth quarter. Renaissance Technologies LLC now owns 210,100 shares of the medical instruments supplier’s stock worth $130,161,000 after buying an additional 140,300 shares in the last quarter. First Manhattan Co. boosted its holdings in Mettler Toledo by 98,611.4% during the fourth quarter. First Manhattan Co. now owns 86,866 shares of the medical instruments supplier’s stock worth $53,815,000 after buying an additional 86,778 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in Mettler Toledo during the fourth quarter valued at $31,608,000. Public Employees Retirement System of Ohio lifted its holdings in Mettler Toledo by 349.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 56,728 shares of the medical instruments supplier’s stock valued at $35,144,000 after purchasing an additional 44,115 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Mettler Toledo by 23.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 226,432 shares of the medical instruments supplier’s stock valued at $140,279,000 after purchasing an additional 43,665 shares in the last quarter. 92.33% of the stock is currently owned by hedge funds and other institutional investors.

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Mettler Toledo Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.

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