Thermo Fisher Scientific Inc. (TMO) Updates FY13 Earnings Guidance
Thermo Fisher Scientific Inc. (NYSE:TMO) issued an update on its FY13 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $5.31-5.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.34, Analyst Ratings News reports. The company issued revenue guidance of $12.87-12.95 billion, compared to the consensus revenue estimate of $12.92 billion.
Shares of Thermo Fisher Scientific Inc. (NYSE:TMO) opened at 95.82 on Wednesday. Thermo Fisher Scientific Inc. has a 52-week low of $57.21 and a 52-week high of $92.72. The stock has a 50-day moving average of $90.87 and a 200-day moving average of $84.58. The company has a market cap of $34.545 billion and a P/E ratio of 27.15.
Thermo Fisher Scientific (NYSE:TMO) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.02. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the previous year, the company posted $1.19 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts predict that Thermo Fisher Scientific Inc. will post $5.35 earnings per share for the current fiscal year.
TMO has been the subject of a number of recent research reports. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Thermo Fisher Scientific from $89.00 to $94.00 in a research note to investors on Friday, September 27th. They now have a neutral rating on the stock. On a related note, analysts at Mizuho raised their price target on shares of Thermo Fisher Scientific from $100.00 to $110.00 in a research note to investors on Tuesday, September 10th. They now have a buy rating on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Thermo Fisher Scientific in a research note to investors on Thursday, September 5th. They now have a $95.00 price target on the stock. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $92.63.
Thermo Fisher Scientific Inc (NYSE:TMO) is engaged in serving science.
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