Mettler-Toledo International (NYSE:MTD) Issues Earnings Results, Beats Estimates By $1.28 EPS

Mettler-Toledo International (NYSE:MTD) posted its earnings results on Thursday. The medical instruments supplier reported $8.89 EPS for the quarter, topping the consensus estimate of $7.61 by $1.28, Briefing.com reports. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The business had revenue of $925.95 million for the quarter, compared to the consensus estimate of $879.72 million. During the same period last year, the company earned $8.69 EPS. The firm’s revenue was down .3% compared to the same quarter last year.

Mettler-Toledo International Price Performance

Shares of MTD stock traded up $164.50 on Friday, reaching $1,454.92. 42,384 shares of the company were exchanged, compared to its average volume of 137,472. The company has a 50-day moving average of $1,282.67 and a 200-day moving average of $1,188.88. The company has a market cap of $31.12 billion, a price-to-earnings ratio of 40.54, a PEG ratio of 3.42 and a beta of 1.16. Mettler-Toledo International has a one year low of $928.49 and a one year high of $1,469.00.

Insider Buying and Selling

In other news, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at $938,587.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the transaction, the insider now directly owns 734 shares of the company’s stock, valued at approximately $938,587.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elisha W. Finney sold 251 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the transaction, the director now directly owns 316 shares in the company, valued at $372,042.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 951 shares of company stock valued at $1,170,256. 1.94% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on MTD shares. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. Evercore ISI increased their target price on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1,191.57.

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.