Brokerages predict that Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) will post sales of $1.59 billion for the current quarter, according to Zacks. Two analysts have made estimates for Thomson Reuters’ earnings, with estimates ranging from $1.58 billion to $1.60 billion. Thomson Reuters posted sales of $1.52 billion during the same quarter last year, which would indicate a positive year over year growth rate of 4.6%. The company is expected to report its next earnings report on Tuesday, February 25th.
On average, analysts expect that Thomson Reuters will report full year sales of $5.91 billion for the current financial year, with estimates ranging from $5.90 billion to $5.93 billion. For the next financial year, analysts expect that the business will report sales of $6.19 billion, with estimates ranging from $6.13 billion to $6.24 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Thomson Reuters.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, October 31st. The business services provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.10. Thomson Reuters had a net margin of 62.70% and a return on equity of 6.39%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the business earned $0.11 EPS. The company’s revenue was up 10.0% compared to the same quarter last year.
A number of analysts have recently weighed in on the stock. ValuEngine cut shares of Thomson Reuters from a “buy” rating to a “hold” rating in a report on Tuesday. National Bank Financial set a $93.00 price target on shares of Thomson Reuters and gave the company a “hold” rating in a report on Saturday, November 2nd. Bank of America upgraded shares of Thomson Reuters from a “neutral” rating to a “buy” rating in a report on Monday, November 11th. Zacks Investment Research cut shares of Thomson Reuters from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, TD Securities cut shares of Thomson Reuters from a “buy” rating to a “hold” rating and raised their price target for the company from $92.00 to $94.00 in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Thomson Reuters currently has a consensus rating of “Hold” and an average price target of $72.79.
Shares of NYSE:TRI traded up $0.13 during trading on Wednesday, reaching $69.68. The stock had a trading volume of 443,015 shares, compared to its average volume of 476,624. Thomson Reuters has a one year low of $46.45 and a one year high of $72.55. The company has a market capitalization of $35.27 billion, a P/E ratio of 92.91, a PEG ratio of 3.19 and a beta of 0.52. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.38. The firm’s 50-day simple moving average is $68.58 and its 200 day simple moving average is $67.14.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, November 21st will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Wednesday, November 20th. Thomson Reuters’s payout ratio is currently 192.00%.
Institutional investors have recently made changes to their positions in the stock. CENTRAL TRUST Co raised its position in shares of Thomson Reuters by 53.1% in the 3rd quarter. CENTRAL TRUST Co now owns 470 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 163 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Thomson Reuters in the 3rd quarter valued at approximately $35,000. Advisors Preferred LLC purchased a new position in shares of Thomson Reuters in the 2nd quarter valued at approximately $37,000. Executive Wealth Management LLC purchased a new position in shares of Thomson Reuters in the 3rd quarter valued at approximately $41,000. Finally, Horan Capital Advisors LLC. purchased a new position in shares of Thomson Reuters in the 3rd quarter valued at approximately $42,000. 19.16% of the stock is owned by hedge funds and other institutional investors.
About Thomson Reuters
Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics.
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