Mettler-Toledo International, Inc. (NYSE:MTD) is expected to report third quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 5.95 per share.
Looking ahead, the full year income are expected at $ 23.18 per share on the revenues of $ 2958.73 million.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 5.80 ~ $ 6.00 per share, while revenues are expected in a range of $ 731.25 million ~ $ 746.33 million
Full Year 2020 topline are forecasted in a range of$ 2,918.73 million ~ $ 2,978.91 million, where as bottomline are predicted in a range of $ 22.70 ~ $ 23.20 per share
Click Here For More Historical Outlooks Of Mettler-Toledo International, Inc.
Previous Quarter Performance
Mettler-Toledo International, Inc. unfold income for the second quarter of $ 5.29 per share, from the revenue of $ 690.67 million. The quarterly earnings 2.52 percent compared with the same quarter last year. Street analysts expected Mettler-Toledo International, Inc. to report income of $ 4.20 per share on revenue of $ 643.58 million for the second quarter. The bottom line results beat street analysts by $ 1.09 or 25.95 percent, at the same time, top line results outshined analysts by $ 47.09 million or 7.32 percent.
Stock Performance
Shares of Mettler-Toledo International, Inc. traded up $ 14.73 or 1.38 percent on Wednesday, reaching $ 1,080.23 with volume of 126.60 thousand shares. Mettler-Toledo International, Inc. has traded high as $ 1,098.92 and has cracked $ 1,075.66 on the downward trend
The closing price of $ 1,080.23, representing a 83.90 % increase from the 52 week low of $ 579.40 and a 3.04 % decrease over the 52 week high of $ 1098.92.
The company has a market capital of $ 25.89 billion and is part of the Healthcare sector and Diagnostics & Research industry.
Recent Analyst recommendations
- On 7th October 2020, downgraded by UBS Group to Sell from Neutral rating, with $ 880.00 target price.
- On 28th September 2020, downgraded by JPMorgan Chase & Co. to Underweight from Neutral rating.
Conference Call
Mettler-Toledo International, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mt.com
Mettler-Toledo International Inc. manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S.
