Q4 2018 EPS Estimates for Thomson Reuters Corp Lowered by National Bank Financial (TRI)
Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) – Investment analysts at National Bank Financial decreased their Q4 2018 EPS estimates for Thomson Reuters in a research note issued to investors on Tuesday, December 4th. National Bank Financial analyst A. Shine now anticipates that the company will earn $0.08 per share for the quarter, down from their prior estimate of $0.09. National Bank Financial currently has a “Outperform” rating and a $73.00 price objective on the stock.
Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data on Tuesday, November 6th. The company reported C$0.15 EPS for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.09. The business had revenue of C$1.69 billion during the quarter, compared to the consensus estimate of C$1.70 billion.
Shares of TSE:TRI opened at C$67.18 on Friday. Thomson Reuters has a 52 week low of C$46.69 and a 52 week high of C$68.70. The company has a debt-to-equity ratio of 58.70, a current ratio of 2.45 and a quick ratio of 0.21.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Thursday, November 15th will be issued a $0.452 dividend. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.45. This represents a $1.81 annualized dividend and a yield of 2.69%. The ex-dividend date is Wednesday, November 14th. Thomson Reuters’s payout ratio is currently 87.16%.
In other Thomson Reuters news, insider James Clifton Smith sold 204,608 shares of Thomson Reuters stock in a transaction on Thursday, December 6th. The shares were sold at an average price of C$50.87, for a total value of C$10,408,408.96. Also, Director Vance A. Sider sold 88,548 shares of Thomson Reuters stock in a transaction on Thursday, September 13th. The stock was sold at an average price of C$45.56, for a total transaction of C$4,034,246.88. Insiders sold 414,375 shares of company stock worth $20,326,307 over 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.
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