Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) – Investment analysts at Piper Jaffray Companies reduced their Q4 2018 earnings estimates for shares of Thomson Reuters in a research report issued to clients and investors on Tuesday, November 6th. Piper Jaffray Companies analyst P. Appert now expects that the business services provider will post earnings of $0.03 per share for the quarter, down from their prior estimate of $0.16. Piper Jaffray Companies currently has a “Hold” rating on the stock. Piper Jaffray Companies also issued estimates for Thomson Reuters’ Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.25 EPS and Q4 2019 earnings at $0.37 EPS.
A number of other brokerages also recently commented on TRI. TD Securities reaffirmed a “buy” rating and issued a $69.00 price target on shares of Thomson Reuters in a report on Wednesday. National Bank Financial reaffirmed a “buy” rating on shares of Thomson Reuters in a report on Wednesday. Zacks Investment Research raised shares of Thomson Reuters from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Wednesday, October 17th. ValuEngine raised shares of Thomson Reuters from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Finally, Morgan Stanley raised shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and set a $52.00 price target for the company in a report on Thursday, September 13th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $50.00.
Shares of NYSE:TRI opened at $48.08 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.45 and a debt-to-equity ratio of 0.39. Thomson Reuters has a 12 month low of $36.52 and a 12 month high of $48.41. The stock has a market capitalization of $26.87 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 10.77 and a beta of 0.52.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.07. Thomson Reuters had a net margin of 16.21% and a return on equity of 6.10%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year.
A number of institutional investors have recently bought and sold shares of TRI. Dimensional Fund Advisors LP raised its position in Thomson Reuters by 20.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 67,961 shares of the business services provider’s stock worth $2,627,000 after purchasing an additional 11,476 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in Thomson Reuters by 40.4% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,338 shares of the business services provider’s stock worth $206,000 after purchasing an additional 1,537 shares during the period. LPL Financial LLC raised its position in Thomson Reuters by 32.0% in the 1st quarter. LPL Financial LLC now owns 9,896 shares of the business services provider’s stock worth $382,000 after purchasing an additional 2,400 shares during the period. Guggenheim Capital LLC raised its position in Thomson Reuters by 325.4% in the 1st quarter. Guggenheim Capital LLC now owns 61,912 shares of the business services provider’s stock worth $2,393,000 after purchasing an additional 47,358 shares during the period. Finally, Daiwa SB Investments Ltd. purchased a new stake in Thomson Reuters in the 2nd quarter worth about $141,000. 28.18% of the stock is currently owned by institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Thursday, November 15th will be given a $0.35 dividend. This is a positive change 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 dividend payout ratio is 54.98%.
About Thomson Reuters
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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