Thermo Fisher Scientific (TMO) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS
Thermo Fisher Scientific (NYSE:TMO) released its earnings data on Wednesday. The company reported $1.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.62 by $0.10, American Banking & Market News reports. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.25 billion.
A number of research firms have recently commented on TMO. Analysts at Citigroup Inc. initiated coverage on shares of Thermo Fisher Scientific in a research note on Thursday, July 17th. They set a “buy” rating on the stock. On the ratings front, analysts at Leerink Swann cut their price target on shares of Thermo Fisher Scientific from $139.00 to $133.00 in a research note on Thursday, May 22nd. Finally, analysts at Cowen and Company raised their price target on shares of Thermo Fisher Scientific from $125.00 to $135.00 in a research note on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $133.09.
Thermo Fisher Scientific (NYSE:TMO) opened at 123.06 on Wednesday. Thermo Fisher Scientific has a 52-week low of $88.13 and a 52-week high of $127.63. The stock has a 50-day moving average of $119.0 and a 200-day moving average of $118.4. The company has a market cap of $49.093 billion and a P/E ratio of 30.93.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, September 11th.
Thermo Fisher Scientific Inc (NYSE:TMO) is engaged in serving science.
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