Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) – Equities researchers at National Bank Financial reduced their FY2018 earnings per share estimates for Thomson Reuters in a note issued to investors on Tuesday, December 4th. National Bank Financial analyst A. Shine now anticipates that the company will earn $0.81 per share for the year, down from their previous forecast of $0.88. National Bank Financial currently has a “Outperform” rating and a $73.00 target price on the stock. National Bank Financial also issued estimates for Thomson Reuters’ FY2019 earnings at $1.77 EPS.

Other research analysts have also issued research reports about the company. BMO Capital Markets upped their price objective on Thomson Reuters from C$65.00 to C$69.00 in a report on Wednesday, November 7th. Berenberg Bank dropped their price objective on Thomson Reuters from C$45.00 to C$44.00 in a report on Thursday, August 30th. Finally, TD Securities upped their price objective on Thomson Reuters from C$69.00 to C$80.00 and gave the stock a “buy” rating in a report on Wednesday.

Shares of TRI stock opened at C$68.15 on Thursday. Thomson Reuters has a 1-year low of C$46.69 and a 1-year high of C$68.70. The company has a quick ratio of 0.21, a current ratio of 2.45 and a debt-to-equity ratio of 58.70.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Tuesday, November 6th. The company reported C$0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.06 by C$0.09. The business had revenue of C$1.69 billion for the quarter, compared to analyst estimates of C$1.70 billion.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Thursday, November 15th will be issued a dividend of $0.452 per share. This represents a $1.81 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Wednesday, November 14th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.45. Thomson Reuters’s dividend payout ratio is currently 106.08%.

In related news, Director Stephen J. Adler sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of C$47.65, for a total transaction of C$714,750.00. Also, insider Brian Louis Scanlon sold 43,797 shares of the company’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of C$47.61, for a total value of C$2,085,175.17. Insiders have sold 186,665 shares of company stock worth $8,751,016 in the last ninety days.

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.

Recommended Story: What is the Dividend Aristocrat Index?

Earnings History and Estimates for Thomson Reuters (TSE:TRI)

Receive News & Ratings for Thomson Reuters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters and related companies with MarketBeat.com's FREE daily email newsletter.