Company Update: Thermo Fisher Scientific Inc (NYSE:TMO) – Thermo Fisher Scientific to Host Analyst Meeting

[Business Wire] – Thermo Fisher Scientific Inc. , the world leader in serving science, announced that it will host its 2016 Analyst Meeting on Wednesday, May 18, starting at 9:00 a.m. , at the Mandarin Oriental New York, 80 Columbus Circle at 60th Street, in New York City. Read more on this. Thermo Fisher Scientific, Inc. (TMO) , currently valued at $56.88B, started the session at $143.23. Looking at today’s trading action, the company’s one day range from $142.98 to $145.03 and has traded between $117.10 and $147.94 over the past year. TMO shares are currently priced at 17.86x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 6.53x earnings multiple for the same period. And for passive income investors, the company pays shareholders $0.60 per share annually in dividends, yielding 0.42%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $2.00 per share, which would be $0.16 better than the year-ago quarter and a $0.02 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $8.11, which would be a $0.72 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.48 Billion. If realized, that would be a 4.92% increase over the year-ago quarter. Recently, Jefferies downgraded TMO from Buy to Hold (Apr 29, 2016). Previously, Deutsche Bank Initiated TMO at to Buy. With the above information in mind, readers should note that the average price target is $161.42, which is 12.70% above where the stock opened this morning. See more in (NYSE:TMO) Similar Articles: Market Update: Thermo Fisher Scientific Inc (NYSE:TMO) – Thermo Fisher Scientific to Hold Earnings Conference Call on Thursday, January 28, 2016 Company Update: Thermo Fisher Scientific Inc (NYSE:TMO) – Thermo Fisher Scientific to Present at Upcoming Investor Conferences Market Update: Thermo Fisher Scientific Inc (NYSE:TMO) – Thermo Fisher Scientific Authorizes $1 Billion of Share Repurchases and Declares Quarterly Dividend