Thomson Reuters Corp Forecasted to Post FY2017 Earnings of $3.05 Per Share (TRI)
Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) – Equities researchers at National Bank Financial decreased their FY2017 earnings per share estimates for shares of Thomson Reuters in a research note issued to investors on Tuesday. National Bank Financial analyst A. Shine now forecasts that the company will post earnings per share of $3.05 for the year, down from their prior estimate of $3.16. National Bank Financial currently has a “Sector Perform” rating and a $60.00 price objective on the stock.
A number of other equities analysts also recently issued reports on TRI. Royal Bank of Canada decreased their price target on shares of Thomson Reuters to C$60.50 and set a “sector perform” rating for the company in a research note on Thursday, November 2nd. TD Securities decreased their price target on shares of Thomson Reuters from C$65.00 to C$64.00 and set a “buy” rating for the company in a research note on Thursday, November 2nd. Finally, Scotiabank decreased their price target on shares of Thomson Reuters to C$69.00 and set an “outperform” rating for the company in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of C$62.25.
Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings results on Wednesday, November 1st. The company reported C$0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.73 by C$0.12. Thomson Reuters had a net margin of 12.43% and a return on equity of 10.43%.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 22nd will be paid a dividend of $0.433 per share. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, February 21st. This represents a $1.73 dividend on an annualized basis and a dividend yield of 3.29%. Thomson Reuters’s dividend payout ratio (DPR) is currently 75.14%.
In other Thomson Reuters news, insider Woodbridge Company Limited The bought 1,778 shares of the firm’s stock in a transaction on Thursday, November 23rd. The stock was acquired at an average price of C$56.55 per share, with a total value of C$100,545.90.
Thomson Reuters Company Profile
Thomson Reuters Corp (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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