Thermo Fisher Scientific Inc. (TMO) Performance and Fundamentals Dashboard tells a completely different story

Thermo Fisher Scientific Inc. (NYSE: TMO) stock fell -3.98% on Tuesday to $580.72 against a previous-day closing price of $604.82. With 2.1 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.65 million shares. During the session, the Diagnostics & Research company that operates in wider Healthcare sector, reached to the highest price of $609.85 whereas the lowest price it dropped to was $576.78. The 52-week range on TMO shows that it touched its highest point at $618.35 and its lowest point at $475.77 during that stretch. It currently has a 1-year price target of $625.99. With its current market cap of 224.00 billion, TMO has annualized dividend of $1.20 while the current yield stands at 0.21%. Beta for the stock currently stands at 0.80.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TMO was down-trending over the past week, with a drop of -1.21%, but this was up by 7.56% over a month. Three-month performance surged to 16.91% while six-month performance rose 2.34%. The stock gained 0.07% in the past year, while it has gained 5.45% so far this year. A look at the trailing 12-month EPS for TMO yields 17.79 with Next year EPS estimates of 23.26. For the next quarter, that number is 5.21. This implies an EPS growth rate of 21.80% for this year and 0.85% for next year. EPS is expected to grow by 3.51% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 30.70%.

Float and Shares Shorts:

At present, 392.00 million TMO shares are outstanding with a float of 391.26 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.02 million, which was 0.77% higher than short shares on Sep 14, 2022. In addition to Mr. Marc N. Casper as the firm’s Chairman, Pres & CEO, Mr. Stephen Williamson serves as its Sr. VP & CFO.

Institutional Ownership:

Through their ownership of 90.48% of TMO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.45% of TMO, in contrast to 40.32% held by mutual funds. Shares owned by individuals account for 0.59%. As the largest shareholder in TMO with 7.80% of the stake, The Vanguard Group, Inc. holds 30,587,263 shares worth 30,587,263. A second-largest stockholder of TMO, BlackRock Fund Advisors, holds 18,938,373 shares, controlling over 4.83% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in TMO, holding 16,158,876 shares or 4.12% stake. With a 3.04% stake in TMO, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 11,928,276 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.31% of TMO stock, is the second-largest Mutual Fund holder. It holds 9,065,730 shares valued at 4.99 billion. American Funds Growth Fund of Ame holds 1.14% of the stake in TMO, owning 4,468,413 shares worth 2.46 billion.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TMO since 25 analysts follow the stock currently. There are 16 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 3 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TMO analysts setting a high price target of $710.00 and a low target of $505.00, the average target price over the next 12 months is $623.89. Based on these targets, TMO could surge 22.26% to reach the target high and fall by -13.04% to reach the target low. Reaching the average price target will result in a growth of 7.43% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TMO will report FY 2022 earnings on 01/31/2024. Analysts have provided yearly estimates in a range of $23.22 being high and $22.99 being low. For TMO, this leads to a yearly average estimate of $23.05. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Thermo Fisher Scientific Inc. surprised analysts by $0.25 when it reported $5.08 EPS against a consensus estimate of $4.83. The surprise factor in the prior quarter was $0.52. Based on analyst estimates, the high estimate for the next quarter is $5.39 and the low estimate is $5.10. The average estimate for the next quarter is thus $5.21.

Summary of Insider Activity:

Insiders traded TMO stock several times over the past three months with 8 Buys and 129 Sells. In these transactions, 63,075 shares were bought while 100,743 shares were sold. The number of buy transactions has increased to 48 while that of sell transactions has risen to 291 over the past year. The total number of shares bought during that period was 266,724 while 301,381 shares were sold.

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