Company Update: Thermo Fisher Scientific Inc (NYSE:TMO) – Thermo Fisher Scientific Declares Quarterly Dividend and Authorizes $1.5 Billion of Share Repurchases

[Business Wire] – Thermo Fisher Scientific Inc. , the world leader in serving science, today announced that its board of directors declared a quarterly cash dividend of $0.15 per share. The dividend will be paid on October 17, 2016, to shareholders of record as of September 15, 2016. Read more on this. Thermo Fisher Scientific, Inc. (TMO) , with a current value of $58.66B, opened at $148.84. Today, shares have traded between $148.45 and $149.73 per share and has traded between $117.10 and $154.81 over the past 12 months. TMO shares are currently priced at 18.34x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.50x earnings multiple for the same period. And for income investors, the company pays shareholders $0.60 per share annually in dividends, yielding 0.41%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $2.01 per share, which would be $0.17 better than the year-ago quarter and a $0.03 sequential increase. What we find to be interesting is that the full-year EPS estimate of $8.13 is a $0.74 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.50 Billion. If realized, that would be a 5.39% increase over the year-ago quarter. In terms of ratings, Jefferies downgraded TMO from Buy to Hold (Apr 29, 2016). Previously, Deutsche Bank Initiated TMO at to Buy. Investors should keep in mind is that the average price target is $164.53, which is 10.54% above where the stock opened this morning. See more in (NYSE:TMO) Similar Articles: Stock Update: Thermo Fisher Scientific Inc (NYSE:TMO) – Thermo Fisher Scientific Strengthens Life Sciences Leadership with New Instruments Launched at ASMS 2016 Company Update: Thermo Fisher Scientific Inc (NYSE:TMO) – Thermo Fisher Scientific Declares Quarterly Dividend Company Update: Thermo Fisher Scientific Inc (NYSE:TMO) – Thermo Fisher Scientific to Host Analyst Meeting