Mettler-Toledo International (NYSE:MTD) Issues Earnings Results
Mettler-Toledo International (NYSE:MTD) announced its quarterly earnings results on Thursday. The medical instruments supplier reported $5.77 EPS for the quarter, topping analysts’ consensus estimates of $5.71 by $0.06, Briefing.com reports. The firm had revenue of $753.90 million during the quarter, compared to analysts’ expectations of $751.34 million. Mettler-Toledo International had a net margin of 18.45% and a return on equity of 98.65%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $5.12 earnings per share. Mettler-Toledo International updated its Q4 guidance to $7.66-$7.71 EPS.
MTD traded down $11.95 during midday trading on Friday, reaching $708.86. 410,664 shares of the company’s stock were exchanged, compared to its average volume of 167,265. Mettler-Toledo International has a one year low of $500.74 and a one year high of $873.51. The business has a 50-day simple moving average of $694.04 and a two-hundred day simple moving average of $734.92. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $17.58 billion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 2.33 and a beta of 1.37.
A number of research analysts have commented on the stock. Barclays cut their price target on shares of Mettler-Toledo International from $680.00 to $640.00 and set an “underweight” rating for the company in a research note on Wednesday, October 9th. ValuEngine cut shares of Mettler-Toledo International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research cut shares of Mettler-Toledo International from a “hold” rating to a “sell” rating and set a $760.00 price target for the company. in a research note on Tuesday. Bank of America cut their price target on shares of Mettler-Toledo International from $830.00 to $720.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Finally, UBS Group cut their price target on shares of Mettler-Toledo International from $680.00 to $670.00 and set a “sell” rating for the company in a research note on Friday. Five analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. Mettler-Toledo International has an average rating of “Sell” and a consensus target price of $697.50.
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; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.
Further Reading: What is Depreciation?
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.