Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) – Research analysts at National Bank Financial reduced their Q4 2018 earnings estimates for shares of Thomson Reuters in a research note issued to investors on Tuesday, December 4th. National Bank Financial analyst A. Shine now expects that the company will earn $0.08 per share for the quarter, down from their previous forecast of $0.09. National Bank Financial has a “Outperform” rating and a $73.00 price target on the stock.
TRI has been the subject of a number of other research reports. TD Securities boosted their price objective on shares of Thomson Reuters from C$64.00 to C$68.00 and gave the company a “buy” rating in a research report on Wednesday, October 10th. Berenberg Bank cut their price objective on shares of Thomson Reuters from C$45.00 to C$44.00 in a research report on Thursday, August 30th. Finally, BMO Capital Markets boosted their price objective on shares of Thomson Reuters from C$65.00 to C$69.00 in a research report on Wednesday, November 7th.
TSE:TRI opened at C$68.15 on Friday. The company has a debt-to-equity ratio of 58.70, a current ratio of 2.45 and a quick ratio of 0.21. Thomson Reuters has a 12 month low of C$46.69 and a 12 month high of C$68.70.
Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Tuesday, November 6th. The company reported C$0.15 EPS for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.09. The company had revenue of C$1.69 billion during the quarter, compared to the consensus estimate of C$1.70 billion.
In other news, Director Vance A. Sider sold 88,548 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of C$45.56, for a total transaction of C$4,034,246.88. Also, Director Ruth Clamp-Held sold 2,592 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of C$51.44, for a total transaction of C$133,332.48. In the last three months, insiders have sold 186,665 shares of company stock valued at $8,751,016.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.452 per share. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 2.65%. Thomson Reuters’s payout ratio is presently 106.08%.
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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