Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) – Equities researchers at National Bank Financial dropped their Q4 2018 EPS estimates for shares of Thomson Reuters in a note issued to investors on Tuesday, November 6th. National Bank Financial analyst A. Shine now expects that the business services provider will post earnings per share of $0.06 for the quarter, down from their prior forecast of $0.14. National Bank Financial currently has a “Buy” rating on the stock. National Bank Financial also issued estimates for Thomson Reuters’ FY2019 earnings at $1.33 EPS.
TRI has been the subject of several other research reports. Morgan Stanley set a $53.00 price target on shares of Thomson Reuters and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research cut shares of Thomson Reuters from a “buy” rating to a “hold” rating in a research report on Thursday, October 18th. Canaccord Genuity reissued a “buy” rating and set a $50.00 price target on shares of Thomson Reuters in a research report on Wednesday, September 5th. Bank of America reissued a “neutral” rating and set a $48.00 price target on shares of Thomson Reuters in a research report on Wednesday, October 10th. Finally, Royal Bank of Canada raised their target price on shares of Thomson Reuters from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 7th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $50.00.
Shares of TRI opened at $48.03 on Friday. The firm has a market cap of $27.06 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 10.71 and a beta of 0.52. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.31 and a quick ratio of 2.31. Thomson Reuters has a twelve month low of $36.52 and a twelve month high of $48.14.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results 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 business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Thomson Reuters had a net margin of 16.21% and a return on equity of 6.04%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 EPS.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Thursday, November 15th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.91%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, November 14th. Thomson Reuters’s dividend payout ratio (DPR) is currently 54.98%.
Large investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its position in shares of Thomson Reuters by 6,100.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,480 shares of the business services provider’s stock worth $100,000 after purchasing an additional 2,440 shares during the period. Daiwa SB Investments Ltd. purchased a new stake in shares of Thomson Reuters in the 2nd quarter worth about $141,000. Cerebellum GP LLC purchased a new stake in shares of Thomson Reuters in the 3rd quarter worth about $190,000. Beach Investment Counsel Inc. PA purchased a new stake in shares of Thomson Reuters in the 3rd quarter worth about $200,000. Finally, IFG Advisory LLC purchased a new stake in shares of Thomson Reuters in the 3rd quarter worth about $205,000. 28.18% of the stock is owned by hedge funds and other institutional investors.
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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