Mettler-Toledo International (NYSE:MTD – Get Free Report) posted its earnings results on Thursday. The medical instruments supplier reported $9.65 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $929.13 million. During the same period last year, the firm posted $10.19 EPS. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis.
Mettler-Toledo International Price Performance
NYSE MTD traded down $73.92 during mid-day trading on Friday, hitting $1,441.43. The company’s stock had a trading volume of 327,034 shares, compared to its average volume of 136,241. Mettler-Toledo International has a 52-week low of $928.49 and a 52-week high of $1,546.93. The stock’s fifty day simple moving average is $1,414.17 and its two-hundred day simple moving average is $1,326.84. The firm has a market capitalization of $30.79 billion, a P/E ratio of 40.42, a price-to-earnings-growth ratio of 4.06 and a beta of 1.17.
Insider Activity at Mettler-Toledo International
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 value of $458,529.00. Following the transaction, the chief financial officer now owns 4,914 shares in the company, valued at $7,510,705.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International 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 sale, the chief financial officer now owns 4,914 shares in the company, valued at $7,510,705.02. 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 1,100 shares of Mettler-Toledo International 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 sale, the insider now owns 734 shares in the company, valued at approximately $1,079,691.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,278 shares of company stock worth $4,871,849. Company insiders own 1.94% of the company’s stock.
Analyst Ratings Changes
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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.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.
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