Brokerages Anticipate Thomson Reuters Corp (TRI) Will Post Earnings of $0.06 Per Share

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Wall Street brokerages expect Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) to report $0.06 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for Thomson Reuters’ earnings, with estimates ranging from $0.03 to $0.09. Thomson Reuters reported earnings per share of $0.66 during the same quarter last year, which would indicate a negative year over year growth rate of 90.9%. The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, February 26th.

According to Zacks, analysts expect that Thomson Reuters will report full year earnings of $0.64 per share for the current financial year, with EPS estimates ranging from $0.61 to $0.67. For the next year, analysts anticipate that the business will report earnings of $1.26 per share, with EPS estimates ranging from $1.18 to $1.34. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Thomson Reuters.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Tuesday, November 6th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. Thomson Reuters had a net margin of 16.21% and a return on equity of 6.10%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share.

A number of research analysts recently issued reports on TRI shares. National Bank Financial restated a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, November 7th. Morgan Stanley set a $53.00 target price on shares of Thomson Reuters and gave the company a “buy” rating in a research report on Wednesday, November 7th. TD Securities restated a “buy” rating and set a $69.00 target price on shares of Thomson Reuters in a research report on Wednesday, November 7th. Zacks Investment Research upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Wednesday, October 17th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Thomson Reuters in a research report on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $52.91.

NYSE TRI traded up $0.29 on Friday, reaching $53.20. 377,130 shares of the company’s stock traded hands, compared to its average volume of 425,042. The company has a market capitalization of $26.68 billion, a PE ratio of 19.28, a P/E/G ratio of 4.65 and a beta of 0.56. Thomson Reuters has a fifty-two week low of $40.25 and a fifty-two week high of $54.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 2.45.

Hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG increased its stake in shares of Thomson Reuters by 13.8% during the third quarter. Deutsche Bank AG now owns 683,260 shares of the business services provider’s stock worth $31,207,000 after purchasing an additional 82,605 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Thomson Reuters by 2.6% during the third quarter. Vanguard Group Inc. now owns 7,307,472 shares of the business services provider’s stock worth $333,806,000 after purchasing an additional 182,469 shares in the last quarter. Cerebellum GP LLC purchased a new stake in shares of Thomson Reuters during the third quarter worth about $190,000. Bridgewater Associates LP increased its stake in shares of Thomson Reuters by 16.6% during the third quarter. Bridgewater Associates LP now owns 124,094 shares of the business services provider’s stock worth $5,658,000 after purchasing an additional 17,693 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of Thomson Reuters by 110.0% during the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 978,900 shares of the business services provider’s stock worth $57,696,000 after purchasing an additional 512,800 shares in the last quarter. 33.36% of the stock is owned by institutional investors and hedge funds.

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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