Q1 2018 EPS Estimates for Mettler-Toledo International, Inc. Decreased by Jefferies Group (MTD)
Mettler-Toledo International, Inc. (NYSE:MTD) – Analysts at Jefferies Group lowered their Q1 2018 earnings per share estimates for Mettler-Toledo International in a research report issued to clients and investors on Thursday. Jefferies Group analyst B. Couillard now expects that the medical instruments supplier will earn $3.60 per share for the quarter, down from their prior estimate of $4.18. Jefferies Group currently has a “Hold” rating and a $600.00 target price on the stock. Jefferies Group also issued estimates for Mettler-Toledo International’s Q2 2018 earnings at $4.50 EPS, Q4 2018 earnings at $6.52 EPS and FY2019 earnings at $21.34 EPS.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.32 by $0.04. The business had revenue of $698.80 million for the quarter, compared to the consensus estimate of $685.56 million. Mettler-Toledo International had a net margin of 16.44% and a return on equity of 96.81%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.89 EPS.
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Several other brokerages also recently issued reports on MTD. Bank of America Corporation upped their price target on shares of Mettler-Toledo International from $640.00 to $710.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Morgan Stanley upped their target price on shares of Mettler-Toledo International from $535.00 to $545.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Robert W. Baird upped their target price on shares of Mettler-Toledo International from $605.00 to $675.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 target price on the stock in a research report on Thursday, September 21st. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $690.00 target price on shares of Mettler-Toledo International in a research report on Tuesday, September 26th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $621.57.
Mettler-Toledo International (MTD) opened at $622.66 on Monday. The stock has a market cap of $15,927.09, a PE ratio of 36.84, a P/E/G ratio of 2.84 and a beta of 1.13. The company has a current ratio of 1.51, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05. Mettler-Toledo International has a 52-week low of $407.87 and a 52-week high of $694.48.
A number of hedge funds and other institutional investors have recently bought and sold shares of MTD. Koch Industries Inc. increased its stake in Mettler-Toledo International by 96,281.2% during the 2nd quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock worth $696,000 after purchasing an additional 696,113 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Mettler-Toledo International by 5,926.9% during the 2nd quarter. Janus Henderson Group PLC now owns 202,927 shares of the medical instruments supplier’s stock worth $119,430,000 after acquiring an additional 199,560 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Mettler-Toledo International by 253.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 201,137 shares of the medical instruments supplier’s stock worth $118,377,000 after acquiring an additional 144,245 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Mettler-Toledo International during the 2nd quarter worth approximately $71,233,000. Finally, BlackRock Inc. grew its stake in shares of Mettler-Toledo International by 6.4% during the 2nd quarter. BlackRock Inc. now owns 1,860,178 shares of the medical instruments supplier’s stock worth $1,094,791,000 after acquiring an additional 112,029 shares in the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.
In related news, Director Robert F. Spoerry sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $590.78, for a total transaction of $2,953,900.00. Following the completion of the sale, the director now directly owns 8,287 shares of the company’s stock, valued at approximately $4,895,793.86. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christian Magloth sold 750 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $590.00, for a total value of $442,500.00. Following the sale, the insider now directly owns 750 shares of the company’s stock, valued at $442,500. The disclosure for this sale can be found here. Insiders sold a total of 20,065 shares of company stock worth $12,128,286 over the last quarter. 5.20% of the stock is currently owned by corporate insiders.
About Mettler-Toledo International
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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