Thermo Fisher Scientific Inc. (TMO)
| Market Cap | 191.69B |
| Revenue (ttm) | 43.42B |
| Net Income (ttm) | 5.94B |
| Shares Out | 386.37M |
| EPS (ttm) | 15.26 |
| PE Ratio | 32.51 |
| Forward PE | 22.91 |
| Dividend | $1.40 (0.28%) |
| Ex-Dividend Date | Dec 14, 2023 |
| Volume | 1,207,215 |
| Open | 490.88 |
| Previous Close | 495.76 |
| Day's Range | 489.47 - 499.21 |
| 52-Week Range | 415.60 - 609.85 |
| Beta | 0.81 |
| Analysts | Buy |
| Price Target | 596.56 (+20.24%) |
| Earnings Date | Oct 25, 2023 |
About TMO
Thermo Fisher Scientific Inc. provides life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services in the United States 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, clinical next-generation sequencing, bio production to pharmaceutical,... [Read more]
Financial Performance
In 2022, TMO's revenue was $44.92 billion, an increase of 14.55% compared to the previous year's $39.21 billion. Earnings were $6.95 billion, a decrease of -10.03%.
Financial StatementsAnalyst Forecast
According to 17 analysts, the average rating for TMO stock is "Buy." The 12-month stock price forecast is $596.56, which is an increase of 20.24% from the latest price.
News
Thermo Fisher Scientific and Project HOPE Partner to Advance Health Equity Among HIV Positive Youth in Sub-Saharan Africa
WALTHAM, Mass.--(BUSINESS WIRE)--Thermo Fisher Scientific Inc., the world leader in serving science, and Project HOPE, a leading global health and humanitarian organization, today announced a new part...
Thermo Fisher Scientific Extends the Expiration of Tender Offer for All Outstanding Common Shares and ADSs of Olink
WALTHAM, Mass.--(BUSINESS WIRE)--Thermo Fisher Scientific Inc. (NYSE: TMO) (“Thermo Fisher”), the world leader in serving science, announced that its wholly owned subsidiary, Orion Acquisition AB (the...
Thermo Fisher Scientific Prices Offering of USD-Denominated Senior Notes
WALTHAM, Mass.--(BUSINESS WIRE)--Thermo Fisher Scientific Inc. (NYSE: TMO) (“Thermo Fisher”) announced today that it has priced an offering of $2.5 billion aggregate principal amount (the “Offering”) ...
Thermo Fisher Scientific & Flagship Pioneering Expand Ongoing Strategic Partnership to Jointly Create New Platform Companies with First-in-Class Enabling Technologies for Life Sciences
WALTHAM, Mass. & CAMBRIDGE, Mass.--(BUSINESS WIRE)--Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, and Flagship Pioneering, the bioplatform innovation company, today a...
Thermo Fisher sets new $4 billion stock buyback program, about 2 weeks after shares hit a 3-year low
Shares of Thermo Fisher Scientific Inc. TMO, -0.73% were little changed in premarket trading Tuesday, after the analytics, diagnostics and laboratory services company announced a new $4 billion stock ...
Thermo Fisher Scientific Authorizes $4 Billion of Share Repurchases
WALTHAM, Mass.--(BUSINESS WIRE)--Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced that its Board of Directors has authorized the repurchase of $4 billion...
Thermo Fisher Scientific Opens Customer Experience Center for Battery Manufacturing in Seoul
WALTHAM, Mass.--(BUSINESS WIRE)--Thermo Fisher Scientific, the world leader in serving science, today announced the opening of its Battery Customer Experience Center in Seoul, South Korea. The advance...
Thermo Fisher Scientific Declares Quarterly Dividend
WALTHAM, Mass.--(BUSINESS WIRE)--Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced that its Board of Directors authorized a quarterly cash dividend of $0....
OLINK HOLDING INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Olink Holding AB - OLK
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Olink Holding AB...
Thermo Fisher Scientific Commences Tender Offer for All Outstanding Common Shares and ADSs of Olink
WALTHAM, Mass. & UPPSALA, Sweden--(BUSINESS WIRE)--Thermo Fisher Scientific Inc. (NYSE: TMO) (“Thermo Fisher”), the world leader in serving science, and Olink Holding AB (publ) (“Olink”) (Nasdaq: OLK)...
Thermo Fisher Scientific Announces New Fault Localization Solution for the Analysis of Advanced Logic Semiconductors
HILLSBORO, Ore.--(BUSINESS WIRE)--Thermo Fisher Scientific, the world leader in serving science, has introduced the Thermo Scientific™ Meridian™ EX System— an electron-beam-based failure analysis solu...
Thermo Fisher Cuts Its Outlook For Second-Straight Quarter Amid Weakening Market
Shares of Thermo Fisher Scientific (TMO) slumped over 7% in early trading Wednesday after the maker of lab equipment and analytical instruments posted weaker-than-expected sales and cut its outlook fo...
Thermo Fisher's stock on track for lowest close in more than three years after revenue miss and lowered guidance
Thermo Fisher Scientific Inc.'s stock TMO, -7.80% fell about 9% Wednesday to put it on track for its lowest close in more than three years, after the supplier of analytics, diagnostics and laboratory ...
Thermo Fisher Stock Slumps After Sales Miss and Outlook Is Slashed Again
The leading maker of scientific equipment slashes its guidance for the second consecutive quarter, citing a challenging macro environment.
Thermo Fisher cuts annual profit forecast on weak biotech demand
Medical equipment maker Thermo Fisher Scientific on Wednesday cut its annual profit forecast for the second straight quarter, hurt by lower-than-expected demand for its services used to make therapeut...
Thermo Fisher Scientific Reports Third Quarter 2023 Results
WALTHAM, Mass.--(BUSINESS WIRE)--Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today reported its financial results for the third quarter ended September 30, 2023. Th...
The weight-loss drugs are coming for these companies — but here's why Coke, others, may be spared, says JPMorgan
Citing Vanda Research, the Wall Street Journal reports that the average individual-investor stock portfolio is up 150% since the start of 2014, versus around 140% for the S&P 500's SPX during the same...
Thermo Fisher Scientific Signs Companion Diagnostic Agreement with Boehringer Ingelheim to Select Patients with NSCLC for Targeted Therapy Treatment
CARLSBAD, Calif.--(BUSINESS WIRE)--To support emerging precision therapies and improve patient outcomes by increasing access to reliable genomic testing needed to match patients with targeted cancer t...
Thermo Fisher to Buy Sweden's Olink for $3.1 Billion
Thermo Fisher will acquire proteomics company Olink for $26 per American depositary share in cash.
Thermo Fisher's stock slips after deal to buy Sweden's Olink for a 74% premium
Thermo Fisher Scientific Inc. TMO, +1.18% announced Tuesday an agreement to buy Sweden-based proteomics company Olink Holding AB OLK, +0.47% in a deal that values Olink at about $3.1 billion, includin...
Thermo Fisher Scientific to Acquire Olink, a Leader in Next-Generation Proteomics
WALTHAM, Mass. & UPPSALA, Sweden--(BUSINESS WIRE)--Thermo Fisher Scientific Inc. (NYSE: TMO) (“Thermo Fisher”), the world leader in serving science, and Olink Holding AB (publ) (“Olink”) (Nasdaq: OLK)...
Multiply Labs Collaborates with Industry Leaders University of California San Francisco, Cytiva, Thermo Fisher Scientific and Charles River to Deliver a Successful Proof-of-Concept of Robotic Cell Therapy Manufacturing
SAN FRANCISCO--(BUSINESS WIRE)-- #manufacturing--Multiply Labs, a robotics company developing industry-leading automated manufacturing systems to produce individualized drugs (including but not limite...
Thermo Fisher Scientific Expands St. Louis Manufacturing for Complex Biologic Treatments
WALTHAM, Mass.--(BUSINESS WIRE)--Thermo Fisher Scientific, the world leader in serving science, today expanded its manufacturing capacity in St. Louis to support biologic therapies for diseases rangin...
Thermo Fisher Scientific to Hold Earnings Conference Call on Wednesday, October 25, 2023
WALTHAM, Mass.--(BUSINESS WIRE)--Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, announced that it will release its financial results for the third quarter 2023 before ...
Devyser and Thermo Fisher Scientific collaborate to promote laboratory services to advance pharmaceutical research
STOCKHOLM , Sept. 13, 2023 /PRNewswire/ -- Devyser and Thermo Fisher Scientific have entered into a collaboration agreement to promote laboratory services.