Thermo Fisher Scientific (NYSE:TMO) Issues FY 2019 Earnings Guidance

Thermo Fisher Scientific (NYSE:TMO) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $12.28-12.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $12.25. The company issued revenue guidance of $25.34-25.5 billion, compared to the consensus revenue estimate of $25.43 billion.Thermo Fisher Scientific also updated its FY19 guidance to $12.28-12.34 EPS.

NYSE TMO traded down $3.52 during trading hours on Thursday, reaching $293.41. 48,580 shares of the company’s stock were exchanged, compared to its average volume of 1,615,755. The company has a market capitalization of $112.53 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 1.84 and a beta of 1.13. Thermo Fisher Scientific has a one year low of $208.34 and a one year high of $305.45. The company’s 50-day moving average is $288.56 and its two-hundred day moving average is $281.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.07 and a current ratio of 1.49.

Thermo Fisher Scientific (NYSE:TMO) last issued its quarterly earnings results on Wednesday, October 23rd. The medical research company reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.06. The company had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.19 billion. Thermo Fisher Scientific had a net margin of 14.24% and a return on equity of 17.11%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the business earned $2.62 EPS. Research analysts predict that Thermo Fisher Scientific will post 12.25 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on the stock. Credit Suisse Group reaffirmed a buy rating and set a $310.00 price target on shares of Thermo Fisher Scientific in a research note on Wednesday, July 31st. Barclays set a $330.00 price target on shares of Thermo Fisher Scientific and gave the stock a buy rating in a research note on Monday, July 15th. Needham & Company LLC raised their price target on shares of Thermo Fisher Scientific from $315.00 to $321.00 and gave the stock a buy rating in a research note on Thursday, July 25th. Robert W. Baird reaffirmed an outperform rating and set a $319.00 price target (up from $305.00) on shares of Thermo Fisher Scientific in a research note on Thursday. Finally, ValuEngine cut shares of Thermo Fisher Scientific from a buy rating to a hold rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $309.92.

In other news, CEO Marc N. Casper sold 50,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $284.83, for a total value of $14,241,500.00. Following the completion of the sale, the chief executive officer now owns 342,193 shares of the company’s stock, valued at approximately $97,466,832.19. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jim P. Manzi sold 1,833 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $272.93, for a total value of $500,280.69. Following the completion of the sale, the director now directly owns 28,592 shares of the company’s stock, valued at approximately $7,803,614.56. The disclosure for this sale can be found here. In the last three months, insiders sold 54,104 shares of company stock valued at $15,418,539. 0.45% of the stock is currently owned by insiders.

About Thermo Fisher Scientific

Thermo Fisher Scientific Inc provides analytical and other instruments, laboratory equipment, software, consumables, reagents, instrument systems, chemicals, supplies, and services under the Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, and Unity Lab Services brands worldwide.

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Earnings History and Estimates for Thermo Fisher Scientific (NYSE:TMO)

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