Brokerages predict that Mettler-Toledo International Inc. (NYSE:MTD) will post earnings of $3.98 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Mettler-Toledo International’s earnings. The highest EPS estimate is $4.05 and the lowest is $3.93. Mettler-Toledo International posted earnings of $5.16 per share in the same quarter last year, which suggests a negative year over year growth rate of 22.9%. The business is scheduled to report its next quarterly earnings results on Thursday, August 6th.

On average, analysts expect that Mettler-Toledo International will report full year earnings of $20.97 per share for the current fiscal year, with EPS estimates ranging from $18.95 to $22.20. For the next financial year, analysts expect that the firm will post earnings of $24.55 per share, with EPS estimates ranging from $22.25 to $26.75. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Mettler-Toledo International.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, May 7th. The medical instruments supplier reported $4.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.89 by $0.11. Mettler-Toledo International had a net margin of 18.38% and a return on equity of 134.62%. The company had revenue of $649.20 million for the quarter, compared to analyst estimates of $651.78 million. During the same quarter in the prior year, the business posted $4.10 EPS. The firm’s revenue was down 4.4% compared to the same quarter last year.

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Co upped their target price on shares of Mettler-Toledo International from $690.00 to $760.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Cfra upped their target price on shares of Mettler-Toledo International from $705.00 to $741.00 and gave the stock a “hold” rating in a report on Friday, May 8th. UBS Group upped their target price on shares of Mettler-Toledo International from $755.00 to $770.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Wolfe Research lowered shares of Mettler-Toledo International from a “market perform” rating to an “underperform” rating and set a $586.00 price objective for the company. in a research note on Thursday, April 2nd. Finally, Stifel Nicolaus decreased their price objective on shares of Mettler-Toledo International from $790.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, April 2nd. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Mettler-Toledo International has a consensus rating of “Hold” and an average target price of $722.20.

In related news, insider Christian Magloth sold 151 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $791.01, for a total value of $119,442.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Oliver A. Filliol sold 4,671 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $711.94, for a total transaction of $3,325,471.74. Following the completion of the transaction, the chief executive officer now directly owns 31,279 shares of the company’s stock, valued at $22,268,771.26. The disclosure for this sale can be found here. Insiders have sold a total of 13,547 shares of company stock valued at $9,694,046 over the last three months. Insiders own 3.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Smithfield Trust Co. boosted its holdings in Mettler-Toledo International by 57.1% in the 1st quarter. Smithfield Trust Co. now owns 44 shares of the medical instruments supplier’s stock worth $31,000 after buying an additional 16 shares during the period. RMR Wealth Builders bought a new position in Mettler-Toledo International in the 4th quarter valued at $46,000. Quadrant Capital Group LLC boosted its holdings in Mettler-Toledo International by 40.7% in the 4th quarter. Quadrant Capital Group LLC now owns 83 shares of the medical instruments supplier’s stock valued at $58,000 after purchasing an additional 24 shares during the period. Sunbelt Securities Inc. bought a new position in Mettler-Toledo International in the 4th quarter valued at $17,254,000. Finally, Allred Capital Management LLC boosted its holdings in Mettler-Toledo International by 19.8% in the 1st quarter. Allred Capital Management LLC now owns 109 shares of the medical instruments supplier’s stock valued at $75,000 after purchasing an additional 18 shares during the period. 94.28% of the stock is owned by institutional investors.

Shares of MTD traded up $17.95 on Thursday, reaching $803.19. The company’s stock had a trading volume of 5,372 shares, compared to its average volume of 138,103. The company has a current ratio of 1.77, a quick ratio of 1.34 and a debt-to-equity ratio of 4.94. Mettler-Toledo International has a twelve month low of $579.40 and a twelve month high of $873.51. The stock has a market capitalization of $18.46 billion, a PE ratio of 35.48, a PEG ratio of 6.07 and a beta of 1.06. The firm has a fifty day moving average of $773.67 and a 200-day moving average of $750.29.

About Mettler-Toledo International

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.

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

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