Zacks: Analysts Anticipate Mettler-Toledo International Inc. (NYSE:MTD) to Post $10.07 EPS

Wall Street brokerages predict that Mettler-Toledo International Inc. (NYSE:MTD) will post $10.07 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Mettler-Toledo International’s earnings, with the highest EPS estimate coming in at $10.14 and the lowest estimate coming in at $10.03. Mettler-Toledo International posted earnings of $9.26 per share in the same quarter last year, which indicates a positive year over year growth rate of 8.7%. The firm is expected to announce its next earnings report on Thursday, February 3rd.

On average, analysts expect that Mettler-Toledo International will report full year earnings of $33.42 per share for the current fiscal year, with EPS estimates ranging from $33.39 to $33.48. For the next year, analysts anticipate that the company will report earnings of $37.65 per share, with EPS estimates ranging from $37.37 to $38.00. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Mettler-Toledo International.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, November 4th. The medical instruments supplier reported $8.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $8.28 by $0.44. The company had revenue of $951.95 million for the quarter, compared to the consensus estimate of $931.63 million. Mettler-Toledo International had a net margin of 20.85% and a return on equity of 369.24%. Mettler-Toledo International’s revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the firm posted $7.02 earnings per share.

Several research analysts have recently commented on MTD shares. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $1,552.00 price target for the company in a report on Tuesday, September 28th. Robert W. Baird boosted their price target on shares of Mettler-Toledo International from $1,455.00 to $1,531.00 and gave the stock a “neutral” rating in a research report on Monday, November 8th. They noted that the move was a valuation call. Finally, Wells Fargo & Company boosted their target price on shares of Mettler-Toledo International from $1,350.00 to $1,500.00 and gave the stock an “equal weight” rating in a report on Friday, July 30th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and an average price target of $1,396.60.

In related news, insider Gerry Keller sold 259 shares of the company’s stock in a transaction on Monday, November 15th. The shares were sold at an average price of $1,545.08, for a total transaction of $400,175.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Shawn Vadala sold 1,100 shares of the business’s stock in a transaction on Tuesday, November 9th. The shares were sold at an average price of $1,548.00, for a total transaction of $1,702,800.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,896 shares of company stock worth $24,532,645. 3.00% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. Eagle Bay Advisors LLC bought a new stake in Mettler-Toledo International during the 2nd quarter worth about $26,000. FFT Wealth Management LLC acquired a new position in Mettler-Toledo International during the 2nd quarter valued at about $32,000. TCI Wealth Advisors Inc. lifted its position in Mettler-Toledo International by 50.0% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $33,000 after purchasing an additional 8 shares during the period. Maverick Capital Ltd. lifted its position in Mettler-Toledo International by 82.4% during the 2nd quarter. Maverick Capital Ltd. now owns 31 shares of the medical instruments supplier’s stock valued at $43,000 after purchasing an additional 14 shares during the period. Finally, Key Financial Inc lifted its position in Mettler-Toledo International by 210.0% during the 3rd quarter. Key Financial Inc now owns 31 shares of the medical instruments supplier’s stock valued at $43,000 after purchasing an additional 21 shares during the period. 92.27% of the stock is currently owned by hedge funds and other institutional investors.

MTD traded down $5.94 during trading hours on Thursday, reaching $1,518.25. 91,360 shares of the stock traded hands, compared to its average volume of 104,432. The company has a market cap of $34.90 billion, a price-to-earnings ratio of 47.58, a PEG ratio of 2.60 and a beta of 1.03. The company has a debt-to-equity ratio of 10.30, a current ratio of 1.24 and a quick ratio of 0.86. Mettler-Toledo International has a fifty-two week low of $1,033.40 and a fifty-two week high of $1,626.62. The firm’s fifty day simple moving average is $1,472.23 and its two-hundred day simple moving average is $1,441.45.

About Mettler-Toledo International

Mettler-Toledo International, Inc is a supplier of precision instruments and services. The firm manufactures weighing instruments for use in laboratory, industrial, packaging, logistics, and food retailing applications. It also manufactures several related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and also, metal detection and other end-of-line inspection systems used in production and packaging and provides solutions for use in certain process analytics applications.

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