Brokerages expect Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) to post earnings per share of $0.55 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Thomson Reuters’ earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.53. Thomson Reuters reported earnings of $0.60 per share during the same quarter last year, which suggests a negative year over year growth rate of 8.3%. The firm is expected to announce its next earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Thomson Reuters will report full-year earnings of $2.46 per share for the current year, with EPS estimates ranging from $2.43 to $2.48. For the next fiscal year, analysts anticipate that the company will report earnings of $2.63 per share, with EPS estimates ranging from $2.60 to $2.68. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Thomson Reuters.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.10. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Thomson Reuters had a net margin of 27.20% and a return on equity of 13.91%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share.
A number of equities analysts have commented on TRI shares. Zacks Investment Research lowered shares of Thomson Reuters from a “buy” rating to a “hold” rating in a research report on Saturday, September 2nd. Macquarie raised shares of Thomson Reuters to a “buy” rating and boosted their target price for the stock from $51.00 to $58.00 in a research note on Tuesday, October 3rd. Morgan Stanley dropped their target price on shares of Thomson Reuters from $52.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. Credit Suisse Group initiated coverage on shares of Thomson Reuters in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $52.00 target price for the company. Finally, TD Securities raised shares of Thomson Reuters from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $51.23.
Thomson Reuters (NYSE TRI) traded up $0.47 during trading hours on Friday, reaching $44.54. 811,433 shares of the company’s stock were exchanged, compared to its average volume of 707,255. The firm has a market capitalization of $31,730.00, a price-to-earnings ratio of 17.75, a PEG ratio of 2.18 and a beta of 0.71. Thomson Reuters has a 52-week low of $42.22 and a 52-week high of $48.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.63 and a current ratio of 0.63.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 16th will be paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Wednesday, November 15th. Thomson Reuters’s dividend payout ratio is presently 93.24%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. ETF Managers Group LLC bought a new stake in shares of Thomson Reuters during the second quarter worth approximately $127,000. Omnia Family Wealth LLC raised its stake in shares of Thomson Reuters by 0.3% during the second quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock worth $164,000 after buying an additional 10 shares during the last quarter. Beach Investment Management LLC. bought a new stake in shares of Thomson Reuters during the second quarter worth approximately $203,000. Boothbay Fund Management LLC bought a new stake in shares of Thomson Reuters during the third quarter worth approximately $216,000. Finally, SG Americas Securities LLC raised its stake in shares of Thomson Reuters by 44.0% during the second quarter. SG Americas Securities LLC now owns 4,900 shares of the business services provider’s stock worth $227,000 after buying an additional 1,497 shares during the last quarter. 24.57% of the stock is owned by institutional investors and hedge funds.
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Thomson Reuters Company Profile
Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
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