Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) – Equities research analysts at National Bank Financial cut their FY2018 EPS estimates for shares of Thomson Reuters in a note issued to investors on Tuesday, December 4th. National Bank Financial analyst A. Shine now forecasts that the business services provider will earn $0.61 per share for the year, down from their previous estimate of $0.67. National Bank Financial has a “Buy” rating on the stock. National Bank Financial also issued estimates for Thomson Reuters’ Q4 2018 earnings at $0.06 EPS.

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

A number of other equities research analysts have also commented on the company. Morgan Stanley set a $56.00 price target on Thomson Reuters and gave the company a “buy” rating in a research report on Thursday. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a research report on Wednesday. Royal Bank of Canada upped their price target on Thomson Reuters from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday. CIBC reiterated a “hold” rating and issued a $53.00 price target on shares of Thomson Reuters in a research report on Wednesday. Finally, Canaccord Genuity lowered Thomson Reuters from a “buy” rating to a “hold” rating and upped their price target for the company from $50.00 to $52.00 in a research report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Thomson Reuters presently has a consensus rating of “Hold” and an average price target of $51.00.

NYSE TRI opened at $50.99 on Friday. Thomson Reuters has a 12 month low of $36.52 and a 12 month high of $51.74. The stock has a market capitalization of $25.75 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 8.25 and a beta of 0.55. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.45 and a current ratio of 2.45.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Thursday, November 15th will be given a dividend of $0.35 per share. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 2.75%. Thomson Reuters’s dividend payout ratio is presently 55.80%.

Several institutional investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA boosted its position in shares of Thomson Reuters by 0.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,803,317 shares of the business services provider’s stock valued at $402,135,000 after purchasing an additional 60,838 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Thomson Reuters by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 7,307,472 shares of the business services provider’s stock valued at $333,806,000 after purchasing an additional 182,469 shares in the last quarter. Morgan Stanley boosted its position in shares of Thomson Reuters by 562.2% during the 3rd quarter. Morgan Stanley now owns 5,318,579 shares of the business services provider’s stock valued at $242,953,000 after purchasing an additional 4,515,466 shares in the last quarter. Mawer Investment Management Ltd. boosted its position in shares of Thomson Reuters by 20.8% during the 2nd quarter. Mawer Investment Management Ltd. now owns 3,517,788 shares of the business services provider’s stock valued at $142,070,000 after purchasing an additional 604,871 shares in the last quarter. Finally, Parnassus Investments CA boosted its position in shares of Thomson Reuters by 39.5% during the 2nd quarter. Parnassus Investments CA now owns 2,937,541 shares of the business services provider’s stock valued at $118,442,000 after purchasing an additional 832,502 shares in the last quarter. Institutional investors own 33.08% of the company’s stock.

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

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