Mettler-Toledo International (NYSE:MTD) issued an update on its third quarter 2020
After-Hours earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 5.80-6.00 for the period, compared to the Thomson Reuters consensus estimate of $5.06. The company issued revenue guidance of $731.25002-746.32734 million, compared to the consensus revenue estimate of $696.59 million.Mettler-Toledo International also updated its FY 2020
After-Hours guidance to 22.70-23.20 EPS.

MTD traded up $39.83 during midday trading on Friday, reaching $935.00. 248,539 shares of the company were exchanged, compared to its average volume of 102,751. The company has a debt-to-equity ratio of 4.94, a quick ratio of 1.34 and a current ratio of 1.77. The company’s fifty day moving average price is $823.58 and its 200 day moving average price is $759.60. The company has a market cap of $22.36 billion, a price-to-earnings ratio of 41.95, a price-to-earnings-growth ratio of 4.54 and a beta of 1.08. Mettler-Toledo International has a one year low of $579.40 and a one year high of $953.70.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, July 30th. The medical instruments supplier reported $5.29 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $1.02. Mettler-Toledo International had a return on equity of 144.27% and a net margin of 18.61%. The firm had revenue of $690.67 million for the quarter, compared to the consensus estimate of $647.43 million. During the same quarter in the previous year, the business earned $5.16 EPS. As a group, sell-side analysts anticipate that Mettler-Toledo International will post 21.09 earnings per share for the current fiscal year.

A number of equities analysts have recently weighed in on MTD shares. Bank of America boosted their target price on Mettler-Toledo International from $755.00 to $830.00 and gave the stock a neutral rating in a research note on Monday, July 20th. Cfra boosted their target price on Mettler-Toledo International from $705.00 to $741.00 and gave the stock a hold rating in a research note on Friday, May 8th. Evercore ISI downgraded Mettler-Toledo International from an in-line rating to an underperform rating in a research note on Sunday, April 19th. UBS Group boosted their target price on Mettler-Toledo International from $755.00 to $770.00 and gave the stock a neutral rating in a research note on Friday, May 8th. Finally, Wells Fargo & Co reiterated a hold rating on shares of Mettler-Toledo International in a research note on Friday. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Mettler-Toledo International presently has an average rating of Hold and a consensus target price of $733.20.

In other Mettler-Toledo International news, Director Robert F. Spoerry sold 3,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $700.00, for a total transaction of $2,100,000.00. Following the sale, the director now owns 9,148 shares in the company, valued at $6,403,600. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christian Magloth sold 750 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $702.96, for a total value of $527,220.00. Following the sale, the insider now owns 901 shares in the company, valued at approximately $633,366.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,547 shares of company stock worth $9,694,046. 3.20% of the stock is owned by company insiders.

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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