Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) – Investment analysts at National Bank Financial cut their FY2018 earnings estimates for Thomson Reuters in a report issued on Wednesday, Zacks Investment Research reports. National Bank Financial analyst A. Shine now expects that the business services provider will post earnings of $2.22 per share for the year, down from their previous forecast of $2.62. National Bank Financial currently has a “Sector Perform” rating on the stock. National Bank Financial also issued estimates for Thomson Reuters’ FY2019 earnings at $2.31 EPS.
A number of other analysts have also issued reports on the company. Credit Suisse Group reissued a “hold” rating on shares of Thomson Reuters in a research note on Friday. Canaccord Genuity set a $44.00 price target on Thomson Reuters and gave the stock a “hold” rating in a research note on Friday. Royal Bank of Canada decreased their price target on Thomson Reuters from $48.00 to $47.00 and set a “sector perform” rating on the stock in a research note on Friday. Scotiabank decreased their price target on Thomson Reuters from $52.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Morgan Stanley decreased their price target on Thomson Reuters from $49.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $50.23.
Shares of Thomson Reuters (NYSE:TRI) traded down $0.64 during trading hours on Monday, reaching $39.36. The company’s stock had a trading volume of 265,447 shares, compared to its average volume of 1,352,300. The company has a current ratio of 0.62, a quick ratio of 0.63 and a debt-to-equity ratio of 0.40. Thomson Reuters has a 12-month low of $39.01 and a 12-month high of $48.61. The firm has a market cap of $28,028.34, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 2.69 and a beta of 0.65.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Thomson Reuters had a return on equity of 13.61% and a net margin of 12.31%. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the company earned $0.60 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 22nd will be paid a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Wednesday, February 21st. Thomson Reuters’s dividend payout ratio is currently 70.77%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Thomson Reuters by 2.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,060,000 shares of the business services provider’s stock valued at $186,633,000 after purchasing an additional 113,500 shares in the last quarter. Mawer Investment Management Ltd. lifted its stake in shares of Thomson Reuters by 2.0% in the 4th quarter. Mawer Investment Management Ltd. now owns 2,723,758 shares of the business services provider’s stock valued at $118,840,000 after purchasing an additional 54,529 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Thomson Reuters by 85.1% in the 4th quarter. CIBC Asset Management Inc now owns 1,978,530 shares of the business services provider’s stock valued at $86,592,000 after purchasing an additional 909,851 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Thomson Reuters by 11.4% in the 3rd quarter. Great West Life Assurance Co. Can now owns 1,888,932 shares of the business services provider’s stock valued at $86,427,000 after purchasing an additional 193,342 shares in the last quarter. Finally, Citadel Advisors LLC lifted its stake in shares of Thomson Reuters by 148.9% in the 3rd quarter. Citadel Advisors LLC now owns 1,232,613 shares of the business services provider’s stock valued at $56,556,000 after purchasing an additional 737,370 shares in the last quarter. 24.40% of the stock is currently 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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