Piper Jaffray Companies reiterated their hold rating on shares of Thomson Reuters (NYSE:TRI) (TSE:TRI) in a report released on Wednesday. Piper Jaffray Companies also issued estimates for Thomson Reuters’ Q4 2018 earnings at $0.03 EPS, FY2018 earnings at $0.61 EPS, Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.25 EPS, Q3 2019 earnings at $0.27 EPS, Q4 2019 earnings at $0.37 EPS, FY2019 earnings at $1.22 EPS and FY2020 earnings at $1.94 EPS.
Several other brokerages have also weighed in on TRI. TD Securities reissued a buy rating and issued a $69.00 price objective on shares of Thomson Reuters in a report on Wednesday. Zacks Investment Research upgraded Thomson Reuters from a hold rating to a buy rating and set a $51.00 target price for the company in a research note on Wednesday, October 17th. ValuEngine upgraded Thomson Reuters from a hold rating to a buy rating in a research note on Wednesday, September 12th. Morgan Stanley upgraded Thomson Reuters from an equal weight rating to an overweight rating and set a $52.00 target price for the company in a research note on Thursday, September 13th. Finally, Royal Bank of Canada lifted their target price on Thomson Reuters from $45.00 to $47.00 and gave the company an outperform rating in a research note on Wednesday, August 29th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Thomson Reuters currently has a consensus rating of Buy and an average target price of $50.00.
Shares of Thomson Reuters stock opened at $48.08 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 2.31. The stock has a market capitalization of $26.87 billion, a P/E ratio of 19.16, a PEG ratio of 10.77 and a beta of 0.52. Thomson Reuters has a fifty-two week low of $36.52 and a fifty-two week high of $48.41.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.07. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. Thomson Reuters had a return on equity of 6.10% and a net margin of 16.21%. Thomson Reuters’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 earnings per share. Equities research analysts anticipate that Thomson Reuters will post 0.64 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Thursday, November 15th will be paid a $0.35 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.35. This represents a $1.40 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Wednesday, November 14th. Thomson Reuters’s payout ratio is presently 54.98%.
A number of hedge funds have recently modified their holdings of TRI. Steward Partners Investment Advisory LLC boosted its stake in Thomson Reuters by 6,100.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 2,480 shares of the business services provider’s stock valued at $100,000 after acquiring an additional 2,440 shares during the period. Daiwa SB Investments Ltd. acquired a new position in shares of Thomson Reuters during the second quarter worth approximately $141,000. Cerebellum GP LLC acquired a new position in shares of Thomson Reuters during the third quarter worth approximately $190,000. Beach Investment Counsel Inc. PA acquired a new position in shares of Thomson Reuters during the third quarter worth approximately $200,000. Finally, Laurel Wealth Advisors Inc. acquired a new position in shares of Thomson Reuters during the second quarter worth approximately $201,000. Institutional investors own 28.18% of the company’s stock.
Thomson Reuters Company Profile
Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.
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