Mettler-Toledo International Inc. (NYSE:MTD) Expected to Announce Quarterly Sales of $1.02 Billion

Equities research analysts expect that Mettler-Toledo International Inc. (NYSE:MTD) will announce $1.02 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Mettler-Toledo International’s earnings, with the highest sales estimate coming in at $1.03 billion and the lowest estimate coming in at $1.01 billion. Mettler-Toledo International posted sales of $937.99 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.7%. The company is scheduled to issue its next earnings results on Thursday, February 3rd.

On average, analysts expect that Mettler-Toledo International will report full-year sales of $3.70 billion for the current year, with estimates ranging from $3.69 billion to $3.71 billion. For the next year, analysts anticipate that the business will post sales of $3.90 billion, with estimates ranging from $3.89 billion to $3.90 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Mettler-Toledo International.

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

MTD has been the subject of a number of analyst reports. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $1,552.00 target price for the company in a report on Tuesday, September 28th. Robert W. Baird upped their target price on Mettler-Toledo International from $1,455.00 to $1,531.00 and gave the stock a “neutral” rating in a report on Monday, November 8th. They noted that the move was a valuation call. Finally, Wells Fargo & Company upped their target price on 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $1,396.60.

In related news, insider Gerry Keller sold 259 shares of the firm’s stock in a transaction on Monday, November 15th. The stock was sold at an average price of $1,545.08, for a total value of $400,175.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Olivier A. Filliol sold 8,000 shares of the stock in a transaction dated Wednesday, November 10th. The stock was sold at an average price of $1,546.57, for a total value of $12,372,560.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,896 shares of company stock valued at $24,532,645. Company insiders own 3.00% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Marks Group Wealth Management Inc lifted its stake in Mettler-Toledo International by 3.7% in the 2nd quarter. Marks Group Wealth Management Inc now owns 198 shares of the medical instruments supplier’s stock worth $274,000 after purchasing an additional 7 shares in the last quarter. Lido Advisors LLC lifted its stake in Mettler-Toledo International by 1.7% in the 2nd quarter. Lido Advisors LLC now owns 408 shares of the medical instruments supplier’s stock worth $565,000 after purchasing an additional 7 shares in the last quarter. Torray LLC lifted its stake in Mettler-Toledo International by 0.5% in the 3rd quarter. Torray LLC now owns 1,331 shares of the medical instruments supplier’s stock worth $1,833,000 after purchasing an additional 7 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Mettler-Toledo International by 1.5% in the 3rd quarter. Quantinno Capital Management LP now owns 489 shares of the medical instruments supplier’s stock worth $674,000 after purchasing an additional 7 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its stake in Mettler-Toledo International by 9.3% in the 3rd quarter. Penserra Capital Management LLC now owns 82 shares of the medical instruments supplier’s stock worth $112,000 after purchasing an additional 7 shares in the last quarter. 92.27% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International stock traded down $5.94 during mid-day trading on Friday, reaching $1,518.25. 91,360 shares of the company were exchanged, compared to its average volume of 104,432. The business has a fifty day moving average of $1,472.23 and a 200 day moving average of $1,441.45. The company has a debt-to-equity ratio of 10.30, a quick ratio of 0.86 and a current ratio of 1.24. The firm has a market cap of $34.90 billion, a P/E ratio of 47.58, a PEG ratio of 2.60 and a beta of 1.03. Mettler-Toledo International has a 12-month low of $1,033.40 and a 12-month high of $1,626.62.

Mettler-Toledo International Company Profile

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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