$0.57 EPS Expected for Thomson Reuters Corp (TRI) This Quarter
Wall Street brokerages predict that Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) will report $0.57 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Thomson Reuters Corp’s earnings. The highest EPS estimate is $0.59 and the lowest is $0.56. Thomson Reuters Corp reported earnings per share of $0.54 during the same quarter last year, which suggests a positive year-over-year growth rate of 5.6%. The business is expected to issue its next quarterly earnings results before the market opens on Wednesday, November 1st.
On average, analysts expect that Thomson Reuters Corp will report full year earnings of $2.43 per share for the current fiscal year, with EPS estimates ranging from $2.41 to $2.45. For the next year, analysts anticipate that the company will report earnings of $2.65 per share, with EPS estimates ranging from $2.60 to $2.80. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that follow Thomson Reuters Corp.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.09. Thomson Reuters Corp had a net margin of 26.81% and a return on equity of 13.64%. The firm had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the previous year, the company posted $0.50 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year.
A number of research analysts recently weighed in on TRI shares. Berenberg Bank set a $37.00 target price on shares of Thomson Reuters Corp and gave the company a “sell” rating in a research report on Thursday. Zacks Investment Research downgraded shares of Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research report on Wednesday. Macquarie raised shares of Thomson Reuters Corp to a “buy” rating and lifted their price objective for the company from $51.00 to $58.00 in a research report on Tuesday. Piper Jaffray Companies reissued a “hold” rating and issued a $50.00 price objective on shares of Thomson Reuters Corp in a research report on Tuesday, September 19th. Finally, TD Securities raised shares of Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. 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 presently has a consensus rating of “Hold” and an average target price of $51.00.
Thomson Reuters Corp (TRI) traded down 0.07% during trading on Friday, reaching $45.98. 1,356,327 shares of the company’s stock traded hands. Thomson Reuters Corp has a 12 month low of $39.23 and a 12 month high of $48.57. The firm’s 50 day moving average is $45.70 and its 200 day moving average is $44.99. The company has a market cap of $33.44 billion, a P/E ratio of 11.12 and a beta of 0.75.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 17th were issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Tuesday, August 15th. Thomson Reuters Corp’s payout ratio is 33.91%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Community Financial Services Group LLC grew its holdings in Thomson Reuters Corp by 0.5% during the 1st quarter. Community Financial Services Group LLC now owns 42,076 shares of the business services provider’s stock worth $1,819,000 after acquiring an additional 220 shares during the last quarter. Airain ltd lifted its position in shares of Thomson Reuters Corp by 238.3% in the 2nd quarter. Airain ltd now owns 74,466 shares of the business services provider’s stock worth $3,447,000 after purchasing an additional 52,455 shares during the period. Forsta AP Fonden lifted its position in shares of Thomson Reuters Corp by 11.5% in the 2nd quarter. Forsta AP Fonden now owns 143,175 shares of the business services provider’s stock worth $6,619,000 after purchasing an additional 14,800 shares during the period. Schroder Investment Management Group lifted its position in shares of Thomson Reuters Corp by 12.6% in the 1st quarter. Schroder Investment Management Group now owns 44,071 shares of the business services provider’s stock worth $2,482,000 after purchasing an additional 4,931 shares during the period. Finally, Atria Investments LLC acquired a new position in shares of Thomson Reuters Corp in the 2nd quarter worth approximately $252,000. 26.15% of the stock is currently owned by hedge funds and other institutional investors.
About Thomson Reuters Corp
Thomson Reuters Corporation (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
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