Mettler-Toledo International (NYSE:MTD) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $22.40-22.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $22.53. Mettler-Toledo International also updated its FY 2018 guidance to $20.20-20.25 EPS.

Shares of MTD traded up $12.72 during mid-day trading on Friday, hitting $608.03. 446,389 shares of the company’s stock were exchanged, compared to its average volume of 181,918. The stock has a market capitalization of $14.94 billion, a P/E ratio of 34.61, a P/E/G ratio of 2.38 and a beta of 1.15. Mettler-Toledo International has a 52 week low of $521.79 and a 52 week high of $697.26. The company has a quick ratio of 1.06, a current ratio of 1.46 and a debt-to-equity ratio of 1.92.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, November 8th. The medical instruments supplier reported $5.12 earnings per share for the quarter, topping the consensus estimate of $4.99 by $0.13. The company had revenue of $734.85 million during the quarter, compared to analysts’ expectations of $738.23 million. Mettler-Toledo International had a net margin of 13.52% and a return on equity of 90.80%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned $4.36 EPS. On average, sell-side analysts anticipate that Mettler-Toledo International will post 20.18 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on MTD shares. Morgan Stanley raised their price target on shares of Mettler-Toledo International from $529.00 to $572.00 and gave the stock an equal weight rating in a research note on Wednesday, October 10th. UBS Group started coverage on shares of Mettler-Toledo International in a research note on Tuesday, October 9th. They set a neutral rating and a $625.00 price target for the company. JPMorgan Chase & Co. raised their price target on shares of Mettler-Toledo International from $550.00 to $600.00 and gave the stock a neutral rating in a research note on Friday, July 27th. Finally, Zacks Investment Research raised Mettler-Toledo International from a hold rating to a buy rating and set a $621.00 price objective for the company in a report on Friday, October 12th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Mettler-Toledo International presently has an average rating of Hold and an average price target of $624.00.

In other news, insider La Guerroniere Marc De sold 4,609 shares of the stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $580.37, for a total value of $2,674,925.33. Following the completion of the sale, the insider now owns 4,609 shares of the company’s stock, valued at approximately $2,674,925.33. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider William P. Donnelly sold 500 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $570.00, for a total value of $285,000.00. Following the completion of the sale, the insider now directly owns 1,500 shares of the company’s stock, valued at approximately $855,000. The disclosure for this sale can be found here. In the last three months, insiders sold 14,858 shares of company stock valued at $8,681,504. 4.80% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: “Mettler-Toledo International (MTD) Issues FY19 Earnings Guidance” was reported by Daily Political and is owned by of Daily Political. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.dailypolitical.com/2018/11/10/mettler-toledo-international-mtd-issues-fy19-earnings-guidance.html.

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; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.

Read More: Understanding the different types of bonds

Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.