Is Thermo Fisher Scientific Inc. (NYSE: TMO) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Thermo Fisher Scientific to Hold Earnings Conference Call on Wednesday, April 24, 2024.

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Stocks Info

This NYSE-listed company operates within the Diagnostics & Research industry segment, falling under the Healthcare sector. The current market capitalization of Thermo Fisher Scientific Inc. is $218.76B. A total of 1.27 million shares were traded on the day, compared to an average of 1.51M shares.

In the most recent transaction, CASPER MARC N sold 10,000 shares of TMO for 594.58 per share on Mar 13 ’24. After the transaction, the Chairman & CEO now owns 123,816 company shares. In a previous transaction on Mar 12 ’24, Britt Lisa P. sold 14,345 shares at 598.90 per share. TMO shares that Sr. VP and Chief HR Officer owns now total 17,323.

Among the insiders who sold shares, CASPER MARC N disposed of 10,000 shares on Mar 12 ’24 at a per-share price of $597.98. This resulted in the Chairman & CEO holding 123,816 shares of TMO after the transaction. In another insider transaction, CASPER MARC N sold 10,000 shares at $595.36 per share on Mar 11 ’24. Company shares held by the Chairman & CEO now total 125,816.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Thermo Fisher Scientific Inc. pays an annual dividend of $1.44, resulting in a dividend yield of 0.25%, and it has a price to earnings (P/E) ratio of 37.13. TMO’s most recent ex-dividend date was 3/14/2024 when it declared a $0.39 quarterly dividend that was paid in cash on 4/15/2024. Previously, the company paid the dividend on 1/16/2024 with an ex-dividend date of 12/14/2023. The TMO stock dividend was $0.35 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, TMO has a high of $603.82 and a low of $415.60.

As of this writing, TMO has an earnings estimate of $4.71 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $4.75 per share and a lower estimate of $4.64. The company reported an EPS of $5.69 in the last quarter, which was 1.40% higher than expectations of $5.61.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. TMO’s latest balance sheet shows that the firm has $4.48B in Cash & Short Term Investments as of fiscal 2021. There were $34.87B in debt and $13.44B in liabilities at the time. Its Book Value Per Share was $120.87, while its Total Shareholder’s Equity was $40.98B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TMO is Buy with a score of 4.28.

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