Revenue Update on Mettler-Toledo International(NYSE:MTD)

Mettler-Toledo International(NYSE:MTD) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $608.29M. Analysts estimated a revenue of $597.91M. Earnings per share were $3.22. Analysts had estimated an EPS of $3.10.

In a different note, On Jun 23, 2016, Citigroup said it Downgrades its rating on Mettler-Toledo International. In the research note, the firm Raises the price-target to $382.00 per share. The shares have been rated ‘Neutral’ by the firm.

Mettler-Toledo International (MTD) shares turned negative on Thursdays trading session with the shares closing down -2.84 points or -0.71% at a volume of 2,12,459. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $400. The peak price level was also seen at $400 while the days lowest was $395.73. Finally the shares closed at $396.14. The 52-week high of the shares is $416.75 while the 52-week low is $275.3. According to the latest information available, the market cap of the company is $10,494 M.

Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, Wah-hui Chu (director) sold 1,000 shares at $384.00 per share price.Also, On May 19, 2016, Oliver A Filliol (President and CEO) sold 15,000 shares at $368.66 per share price.On May 18, 2016, William P Donnelly (Executive Vice President) sold 2,967 shares at $370.52 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Company is also a provider of analytical instruments for use in life science reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes. In addition it is also a supplier of end-of-line inspection systems used in production and packaging for food pharmaceutical and other industries. The Company operates through five segments: U.S. Operations Swiss Operations Western European Operations Chinese Operations and Other. The Company’s products include laboratory instruments industrial instruments and retail weighing solutions. The Company’s manufacturing facilities are located in China Switzerland the United States Germany and the United Kingdom.

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