Mettler-Toledo International (MTD) Set to Announce Earnings on Thursday

Mettler-Toledo International (NYSE:MTD - Get Free Report) is set to announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $10.00 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, beating analysts' consensus estimates of $9.00 by $0.65. The business had revenue of $946.75 million during the quarter, compared to analyst estimates of $929.13 million. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. Mettler-Toledo International's revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $10.19 earnings per share. On average, analysts expect Mettler-Toledo International to post $40 EPS for the current fiscal year and $44 EPS for the next fiscal year.

Mettler-Toledo International Price Performance

Shares of NYSE MTD traded down $10.49 during trading hours on Thursday, reaching $1,291.75. The stock had a trading volume of 117,063 shares, compared to its average volume of 132,336. The business's fifty day moving average is $1,405.26 and its two-hundred day moving average is $1,393.58. The company has a market cap of $27.41 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 3.78 and a beta of 1.14. Mettler-Toledo International has a twelve month low of $953.28 and a twelve month high of $1,546.93.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MTD shares. StockNews.com upgraded Mettler-Toledo International from a "hold" rating to a "buy" rating in a research report on Thursday, July 11th. Wells Fargo & Company started coverage on Mettler-Toledo International in a research report on Tuesday, August 27th. They issued an "equal weight" rating and a $1,400.00 price target on the stock. Evercore ISI upped their price target on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an "in-line" rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. upped their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a "neutral" rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group upped their price target on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $1,363.75.

Insider Transactions at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 250 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the sale, the chief financial officer now owns 4,914 shares in the company, valued at approximately $6,884,514. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Shawn Vadala sold 250 shares of the firm's stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the transaction, the chief financial officer now owns 4,914 shares in the company, valued at $6,884,514. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christian Magloth sold 1,000 shares of the firm's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the transaction, the insider now owns 734 shares in the company, valued at approximately $1,044,459.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.94% of the company's stock.

About Mettler-Toledo International

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.