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3 Popular Stocks of the Year, Part 2Let’s make a deal Monday!TD and Nordstrom enjoy a quiet ThursdayThis summary was created by AI, based on 1 opinions in the last 12 months.
Mettler-Toledo (MTD-Q) has shown strong long-term performance with consistent revenue growth and beating earnings estimates. However, the weak guidance due to challenging macro headwinds may temper gains this year. The company has historically created shareholder value and may present a buying opportunity if the stock drifts lower in the coming months.
Mettler-Toledo is a OTC stock, trading under the symbol MTD-Q on the (). It is usually referred to as or MTD-Q
In the last year, there was no coverage of Mettler-Toledo published on Stockchase.
Mettler-Toledo was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Mettler-Toledo.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
In the last year, there was no coverage of Mettler-Toledo published on Stockchase.
On , Mettler-Toledo (MTD-Q) stock closed at a price of $.
MTD has a strong long-term performance track record and is now trading at 30x times' Forward P/E. In the 1Q, MTD’s revenue grew 3% to $929M (grew 7% on the constant currency), beating estimates of $921M and EPS was $8.69 beating estimates of $8.61. The guidance was quite weak, however, as management expects revenue growth to slow down to 3% on a constant currency basis for Q2 and around 5% for 2023. Overall, the company has executed really well, by consistently growing its top-line organically, while repurchasing shares aggressively over the years, creating shareholder value (shares compounded around 20% annualized in the last ten years). We think the current outlook is understandable due to the challenging macro headwinds. However, it is not cheap, and the guidance may temper gains this year. We think one can start buying slowly if it drifts lower over the next few months, in the low $1,300 range.
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