Mettler-Toledo International (NYSE:MTD) Releases Q2 Earnings Guidance

Mettler-Toledo International (NYSE:MTD) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $8.90-9.05 for the period, compared to the consensus estimate of $9.36. Mettler-Toledo International also updated its FY24 guidance to $39.90-40.40 EPS.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MTD. StockNews.com upgraded shares of Mettler-Toledo International from a hold rating to a buy rating in a research report on Monday, April 29th. Evercore ISI raised 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 note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mettler-Toledo International currently has a consensus rating of Hold and a consensus target price of $1,191.57.

Mettler-Toledo International Trading Up 3.0 %

MTD traded up $37.29 on Thursday, hitting $1,290.42. 171,268 shares of the company’s stock traded hands, compared to its average volume of 138,739. Mettler-Toledo International has a one year low of $928.49 and a one year high of $1,411.61. The company’s 50 day simple moving average is $1,281.61 and its 200-day simple moving average is $1,187.72. The firm has a market cap of $27.60 billion, a price-to-earnings ratio of 35.79, a P/E/G ratio of 3.42 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.63 by $1.26. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The company had revenue of $925.95 million for the quarter, compared to the consensus estimate of $879.72 million. During the same period in the previous year, the firm posted $8.69 EPS. Mettler-Toledo International’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, equities analysts anticipate that Mettler-Toledo International will post 39.9 EPS for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the sale, the insider now directly owns 734 shares in the company, valued at $938,587.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $5,950,018.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christian Magloth sold 400 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at approximately $938,587.82. The disclosure for this sale can be found here. Insiders sold 951 shares of company stock worth $1,170,256 in the last quarter. 1.94% of the stock is owned by corporate insiders.

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.