Separately, analysts at CLSA downgraded shares of Mettler-Toledo International from an “outperform” rating to an “underperform” rating in a research note to investors on Friday, May 4th.
Shares of Mettler-Toledo International traded down 0.94% during mid-day trading on Thursday, hitting $158.93. Mettler-Toledo International has a 52 week low of $126.10 and a 52 week high of $193.56. The company has a market cap of $4.998 billion and a P/E ratio of 19.02.
Mettler-Toledo International last announced its earnings results on Thursday, May 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.03. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts expect that Mettler-Toledo International will post $2.36 EPS next quarter.
Mettler-Toledo International Inc. is a supplier of precision instruments and services. The Company is a provider of weighing instruments for use in laboratory, industrial and food retailing applications.