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Mettler-Toledo Appoints Elisha Finney to Board of Directors
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Mettler-Toledo International Inc. (MTD - Free Report) recently announced changes at its management level with the appointment of Elisha Finney to its Board of Directors and Audit Committee, effective November 1, 2017.
Reportedly, Francis A. Contino, the Chair of the Audit Committee will be retiring in May 2018 and will be succeeded by Elisha Finney.
In her illustrious career, Finney has served in responsible positions at a number of reputable organizations. She joined Varian Medical Systems Inc. in 1988 and held various ranks before becoming the Chief Financial Officer (CFO) of Varian. Also, Finney is a member of the board of directors of ICU Medical, Inc., iRobot Corporation, and NanoString Technologies, Inc.
Management believes that her experience in finance, governance and leadership among other qualities, will be instrumental in helping the company achieve long-term goals.
Recent Results & Looking Ahead
Mettler-Toledo delivered strong first-quarter 2017 results, wherein adjusted earnings of $3.34 surpassed the Zacks Consensus Estimate by 8.4%. Also, revenues were up 10.2% on a year-over-year basis, driven by strengths across all the segments and contribution from the Troemner acquisition.
The company issued decent second-quarter 2017 guidance. For the upcoming quarter, Mettler-Toledo expects local currency sales to grow approximately 8– 9%. Adjusted earnings per share (EPS) are expected to grow 20–21% to $3.85–$3.90. The Zacks Consensus Estimate for EPS is pegged at $3.88.
Mettler-Toledo International, Inc. Price and Consensus
Mettler-Toledo is a worldwide analytical instruments provider.
We remain optimistic about Mettler-Toledo’s leading market position, focus on product development and cost reduction, sales and marketing efforts and operational excellence programs. The company’s various growth initiatives - Field Turbo investments, marketing initiatives, Spinnaker sales and new product launches - will continue to deliver positive results.
The company has had an impressive run on the bourse in the last one year. It has gained roughly 56.7%, higher than the Zacks categorized Instruments - Scientific industry’s growth 32.2%.
Zacks Rank & Stocks to Consider
Currently, Mettler-Toledo has a Zacks Rank #2 (Buy). Other top-ranked stocks in the broader technology sector are Alibaba Group Holding Limited (BABA - Free Report) , PetMed Express, Inc. (PETS - Free Report) and Autobytel Inc. , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Alibaba Group Holding Limited delivered a positive earnings surprise of 20.53%, on average, in the trailing four quarters.
PetMed Express delivered a positive earnings surprise of 9.32%, on average, in the trailing four quarters.
Autobytel Inc. delivered a positive earnings surprise of 41.98%, on average, in the trailing four quarters.
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Mettler-Toledo Appoints Elisha Finney to Board of Directors
Mettler-Toledo International Inc. (MTD - Free Report) recently announced changes at its management level with the appointment of Elisha Finney to its Board of Directors and Audit Committee, effective November 1, 2017.
Reportedly, Francis A. Contino, the Chair of the Audit Committee will be retiring in May 2018 and will be succeeded by Elisha Finney.
In her illustrious career, Finney has served in responsible positions at a number of reputable organizations. She joined Varian Medical Systems Inc. in 1988 and held various ranks before becoming the Chief Financial Officer (CFO) of Varian. Also, Finney is a member of the board of directors of ICU Medical, Inc., iRobot Corporation, and NanoString Technologies, Inc.
Management believes that her experience in finance, governance and leadership among other qualities, will be instrumental in helping the company achieve long-term goals.
Recent Results & Looking Ahead
Mettler-Toledo delivered strong first-quarter 2017 results, wherein adjusted earnings of $3.34 surpassed the Zacks Consensus Estimate by 8.4%. Also, revenues were up 10.2% on a year-over-year basis, driven by strengths across all the segments and contribution from the Troemner acquisition.
The company issued decent second-quarter 2017 guidance. For the upcoming quarter, Mettler-Toledo expects local currency sales to grow approximately 8– 9%. Adjusted earnings per share (EPS) are expected to grow 20–21% to $3.85–$3.90. The Zacks Consensus Estimate for EPS is pegged at $3.88.
Mettler-Toledo International, Inc. Price and Consensus
Mettler-Toledo International, Inc. Price and Consensus | Mettler-Toledo International, Inc. Quote
To Conclude
Mettler-Toledo is a worldwide analytical instruments provider.
We remain optimistic about Mettler-Toledo’s leading market position, focus on product development and cost reduction, sales and marketing efforts and operational excellence programs. The company’s various growth initiatives - Field Turbo investments, marketing initiatives, Spinnaker sales and new product launches - will continue to deliver positive results.
The company has had an impressive run on the bourse in the last one year. It has gained roughly 56.7%, higher than the Zacks categorized Instruments - Scientific industry’s growth 32.2%.
Zacks Rank & Stocks to Consider
Currently, Mettler-Toledo has a Zacks Rank #2 (Buy). Other top-ranked stocks in the broader technology sector are Alibaba Group Holding Limited (BABA - Free Report) , PetMed Express, Inc. (PETS - Free Report) and Autobytel Inc. , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Alibaba Group Holding Limited delivered a positive earnings surprise of 20.53%, on average, in the trailing four quarters.
PetMed Express delivered a positive earnings surprise of 9.32%, on average, in the trailing four quarters.
Autobytel Inc. delivered a positive earnings surprise of 41.98%, on average, in the trailing four quarters.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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