Mettler-Toledo International (NYSE:MTD – Get Free Report) released its quarterly earnings results on Thursday. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.00 by $0.65, Briefing.com reports. The business had revenue of $946.75 million during the quarter, compared to the consensus estimate of $929.13 million. Mettler-Toledo International had a negative return on equity of 590.80% and a net margin of 20.95%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $10.19 EPS.
Mettler-Toledo International Trading Down 4.9 %
Shares of MTD traded down $73.92 during midday trading on Friday, reaching $1,441.43. The stock had a trading volume of 327,034 shares, compared to its average volume of 136,241. The company has a market capitalization of $30.79 billion, a price-to-earnings ratio of 40.42, a price-to-earnings-growth ratio of 4.06 and a beta of 1.17. Mettler-Toledo International has a 12-month low of $928.49 and a 12-month high of $1,546.93. The company’s 50-day moving average is $1,414.17 and its 200 day moving average is $1,327.84.
Insider Activity at Mettler-Toledo International
In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $7,160,041.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,268 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the sale, the director now directly owns 244 shares in the company, valued at approximately $363,603.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,457.07, for a total value of $437,121.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares in the company, valued at $7,160,041.98. The disclosure for this sale can be found here. Insiders sold 3,278 shares of company stock worth $4,871,849 in the last ninety days. 1.94% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on MTD
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.
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