Mettler-Toledo International (NYSE:MTD) Updates Q4 2024 Earnings Guidance

Mettler-Toledo International (NYSE:MTD) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 11.630-11.780 for the period, compared to the consensus estimate of 11.860. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Mettler-Toledo International also updated its FY 2024 guidance to 40.350-40.500 EPS.

Analyst Ratings Changes

MTD has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Wells Fargo & Company started coverage on shares of Mettler-Toledo International in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 price objective for the company. JPMorgan Chase & Co. raised their target price on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, Evercore ISI boosted their price target on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $1,363.75.

Mettler-Toledo International Stock Performance

Shares of MTD traded down $101.49 during trading hours on Friday, reaching $1,310.03. The stock had a trading volume of 254,186 shares, compared to its average volume of 119,785. The stock has a market capitalization of $27.80 billion, a PE ratio of 36.05, a PEG ratio of 4.09 and a beta of 1.16. Mettler-Toledo International has a 12 month low of $953.28 and a 12 month high of $1,546.93. The company’s 50-day moving average is $1,398.01 and its two-hundred day moving average is $1,401.35.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, beating analysts’ consensus estimates of $10.00 by $0.21. The firm had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. Equities analysts anticipate that Mettler-Toledo International will post 40.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Christian Magloth sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the completion of the transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. 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 accessible through the SEC website. Insiders own 1.94% of the company’s stock.

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.