Mettler-Toledo International (NYSE:MTD) Announces Earnings Results

Mettler-Toledo International (NYSE:MTD) issued its earnings results on Thursday. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.00 by $0.65, Briefing.com reports. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 590.80%. The firm had revenue of $946.75 million for the quarter, compared to analysts’ expectations of $929.13 million. During the same quarter last year, the company posted $10.19 earnings per share. Mettler-Toledo International’s revenue was down 3.6% on a year-over-year basis.

Mettler-Toledo International Price Performance

Shares of NYSE MTD traded down $73.92 during mid-day trading on Friday, reaching $1,441.43. 327,034 shares of the company traded hands, compared to its average volume of 136,241. Mettler-Toledo International has a fifty-two week low of $928.49 and a fifty-two week high of $1,546.93. The firm has a market cap of $30.79 billion, a PE ratio of 40.42, a price-to-earnings-growth ratio of 4.06 and a beta of 1.17. The stock has a fifty day simple moving average of $1,414.17 and a 200-day simple moving average of $1,327.84.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup raised their target price on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a report on Monday, May 13th. The Goldman Sachs Group raised their price target on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Evercore ISI raised their price target on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a research note on Tuesday, July 2nd. Finally, Stifel Nicolaus raised their price target on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1,301.25.

Insider Activity at Mettler-Toledo International

In related news, insider Christian Magloth sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total transaction of $1,618,067.00. Following the transaction, the insider now owns 734 shares in the company, valued at $1,079,691.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at $7,510,705.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christian Magloth sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $1,470.97, for a total transaction of $1,618,067.00. Following the sale, the insider now owns 734 shares of the company’s stock, valued at $1,079,691.98. The disclosure for this sale can be found here. Insiders have sold 3,278 shares of company stock worth $4,871,849 over the last quarter. 1.94% of the stock is currently owned by company 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.