Thermo Fisher Scientific: Facing Chinese Headwinds [Seeking Alpha]
Thermo Fisher Scientific Inc (TMO)
Last thermo fisher scientific inc earnings: 4/22 06:00 am
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US:NYSE Investor Relations:
ir.thermofisher.com/investors/investor-overview/default.aspx
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Source: Seeking Alpha
Summary China is Thermo Fisher’s largest market outside the US, comprising over 10% of the company’s revenue. Sales growth in China was already slowing in 2019, before any impact from the coronavirus. Thermo Fisher's 2020 growth forecast is back-end loaded, also before factoring in coronavirus impact. Thermo Fisher is in the fairly-valued range at 24 times non-GAAP 2020 earnings. I would wait to buy more shares as 1Q 2020 earnings could disappoint. Introduction Thermo Fisher Scientific (NYSE: TMO Thermo Fisher Scientific: Moving From Inorganic To Organic Growth Thermo Fisher operates internationally, with about half its sales in the United States, 10% in China, and 40% in the rest of the world. Last quarter, I reviewed how Thermo sees China as a key source of growth. This growth slowed considerably in the fourth quarter, however. After 13% year-on-year growth in 3Q, China sales were up only low single digits in 4Q, below the company average. This slowdown occurred before the coronavir
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TMO
News
- Thermo Fisher Scientific Inc. (NYSE: TMO) had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $600.00 to $610.00. They now have a "buy" rating on the stock.MarketBeat
- Thermo Fisher Scientific Inc. (NYSE:TMO) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- LumaBridge Appoints Todd Lehman as Chief Executive Officer [Yahoo! Finance]Yahoo! Finance
- Thermo Fisher Scientific Inc. (NYSE: TMO) had its price target raised by analysts at JPMorgan Chase & Co. from $600.00 to $650.00. They now have an "overweight" rating on the stock.MarketBeat
- Thermo Fisher Scientific Inc. (NYSE: TMO) had its price target lowered by analysts at Robert W. Baird from $621.00 to $620.00. They now have an "outperform" rating on the stock.MarketBeat
TMO
Earnings
- 4/24/24 - Beat
TMO
Sec Filings
- 4/24/24 - Form 8-K
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- TMO's page on the SEC website