Mettler-Toledo International Inc. (NYSE:MTD) Expected to Earn Q2 2024 Earnings of $8.98 Per Share

Mettler-Toledo International Inc. (NYSE:MTD) – Analysts at Zacks Research decreased their Q2 2024 earnings per share estimates for Mettler-Toledo International in a report issued on Monday, June 17th. Zacks Research analyst R. Department now forecasts that the medical instruments supplier will earn $8.98 per share for the quarter, down from their previous forecast of $9.03. The consensus estimate for Mettler-Toledo International’s current full-year earnings is $40.13 per share.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.61 by $1.28. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The business had revenue of $925.95 million for the quarter, compared to analyst estimates of $879.72 million. During the same quarter in the prior year, the firm posted $8.69 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus increased their price target on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Evercore ISI upped their price objective on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Citigroup upped their price objective on Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a research report on Monday, May 13th. Robert W. Baird upped their price objective on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a $1,250.00 price objective (up from $1,230.00) on shares of Mettler-Toledo International in a research report on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $1,256.25.

Mettler-Toledo International Trading Up 2.3 %

NYSE MTD opened at $1,481.07 on Wednesday. The stock has a 50-day simple moving average of $1,371.61 and a 200 day simple moving average of $1,276.99. The company has a market capitalization of $31.63 billion, a PE ratio of 41.53, a P/E/G ratio of 3.88 and a beta of 1.20. Mettler-Toledo International has a 12 month low of $928.49 and a 12 month high of $1,535.86.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MTD. Rise Advisors LLC bought a new stake in Mettler-Toledo International in the 1st quarter valued at about $25,000. MV Capital Management Inc. boosted its stake in shares of Mettler-Toledo International by 162.5% in the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock worth $25,000 after buying an additional 13 shares during the last quarter. CVA Family Office LLC purchased a new position in shares of Mettler-Toledo International in the 4th quarter worth approximately $27,000. Spartan Planning & Wealth Management purchased a new position in shares of Mettler-Toledo International in the 4th quarter worth approximately $27,000. Finally, Bellevue Group AG purchased a new position in shares of Mettler-Toledo International in the 4th quarter worth approximately $30,000. 95.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 300 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the transaction, the chief financial officer now owns 4,914 shares in the company, valued at $7,160,041.98. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Thomas P. Salice sold 1,268 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the sale, the director now owns 244 shares of the company’s stock, valued at approximately $363,603.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $1,457.07, for a total value of $437,121.00. Following the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at $7,160,041.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,278 shares of company stock worth $4,871,849. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.