Thermo Fisher Scientific (NYSE:TMO – Get Free Report) issued its quarterly earnings data on Wednesday. The medical research company reported $5.28 earnings per share for the quarter, beating the consensus estimate of $5.25 by $0.03, Briefing.com reports. Thermo Fisher Scientific had a net margin of 14.69% and a return on equity of 18.22%. The firm had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.63 billion. During the same quarter last year, the firm earned $5.69 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Thermo Fisher Scientific updated its FY 2024 guidance to 21.350-22.070 EPS and its FY24 guidance to $21.35-$22.07 EPS.
Thermo Fisher Scientific Price Performance
Shares of NYSE TMO traded down $19.11 during midday trading on Thursday, reaching $557.38. 1,749,147 shares of the company traded hands, compared to its average volume of 1,469,244. The firm has a market cap of $212.92 billion, a PE ratio of 34.70, a PEG ratio of 3.75 and a beta of 0.77. The stock’s 50-day simple moving average is $607.04 and its 200-day simple moving average is $584.39. Thermo Fisher Scientific has a 12 month low of $415.60 and a 12 month high of $627.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.37 and a current ratio of 1.72.
Insider Buying and Selling at Thermo Fisher Scientific
In other Thermo Fisher Scientific news, CAO Joseph R. Holmes sold 860 shares of Thermo Fisher Scientific stock in a transaction on Friday, July 26th. The stock was sold at an average price of $611.03, for a total transaction of $525,485.80. Following the completion of the transaction, the chief accounting officer now directly owns 1,814 shares of the company’s stock, valued at approximately $1,108,408.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Michael A. Boxer sold 2,000 shares of Thermo Fisher Scientific stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $600.85, for a total value of $1,201,700.00. Following the completion of the transaction, the senior vice president now directly owns 13,083 shares of the company’s stock, valued at $7,860,920.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Joseph R. Holmes sold 860 shares of Thermo Fisher Scientific stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $611.03, for a total value of $525,485.80. Following the completion of the transaction, the chief accounting officer now directly owns 1,814 shares of the company’s stock, valued at $1,108,408.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,084 shares of company stock valued at $14,094,292. 0.34% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Get Our Latest Research Report on TMO
Thermo Fisher Scientific Company Profile
Thermo Fisher Scientific Inc provides life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services in the North America, Europe, Asia-Pacific, and internationally. The company's Life Sciences Solutions segment offers reagents, instruments, and consumables for biological and medical research, discovery, and production of drugs and vaccines, as well as diagnosis of infections and diseases; and solutions include biosciences, genetic sciences, and bio production to pharmaceutical, biotechnology, agricultural, clinical, healthcare, academic, and government markets.
Featured Stories
- Five stocks we like better than Thermo Fisher Scientific
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for Thermo Fisher Scientific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thermo Fisher Scientific and related companies with MarketBeat.com's FREE daily email newsletter.