Mettler-Toledo International (NYSE:MTD – Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Mettler-Toledo International to post earnings of $10.00 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
Mettler-Toledo International (NYSE:MTD – Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share for the quarter, beating the consensus estimate of $9.00 by $0.65. The business had revenue of $946.75 million for the quarter, compared to analysts’ expectations of $929.13 million. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. Mettler-Toledo International’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $10.19 EPS. On average, analysts expect Mettler-Toledo International to post $40 EPS for the current fiscal year and $44 EPS for the next fiscal year.
Mettler-Toledo International Stock Up 0.4 %
Shares of MTD opened at $1,302.12 on Thursday. Mettler-Toledo International has a twelve month low of $953.28 and a twelve month high of $1,546.93. The company has a 50 day moving average of $1,407.95 and a 200-day moving average of $1,394.29. The stock has a market capitalization of $27.63 billion, a P/E ratio of 35.83, a P/E/G ratio of 3.78 and a beta of 1.14.
Insider Activity at Mettler-Toledo International
Analyst Upgrades and Downgrades
MTD has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Stifel Nicolaus boosted their price target on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Evercore ISI raised their price target on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a report on Tuesday, October 1st. Wells Fargo & Company initiated coverage on shares of Mettler-Toledo International in a report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 price objective on the stock. Finally, The Goldman Sachs Group increased their target price on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a report on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $1,363.75.
Check Out Our Latest Stock Report on Mettler-Toledo International
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.
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