Equities Analysts Issue Forecasts for Thomson Reuters Co.’s Q1 2022 Earnings (NYSE:TRI)

Thomson Reuters Co. (NYSE:TRIGet Rating) (TSE:TRI) – Research analysts at National Bank Financial issued their Q1 2022 earnings per share estimates for shares of Thomson Reuters in a research note issued on Monday, April 25th. National Bank Financial analyst A. Shine expects that the business services provider will post earnings per share of $0.66 for the quarter. National Bank Financial currently has a “Outperform” rating on the stock. National Bank Financial also issued estimates for Thomson Reuters’ Q2 2022 earnings at $0.57 EPS, Q3 2022 earnings at $0.52 EPS, Q4 2022 earnings at $0.63 EPS, FY2022 earnings at $2.38 EPS and FY2023 earnings at $3.35 EPS.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley cut their price objective on shares of Thomson Reuters from $110.00 to $108.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 9th. Royal Bank of Canada upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and cut their price target for the company from $124.00 to $120.00 in a report on Wednesday, February 9th. Bank of America started coverage on shares of Thomson Reuters in a research report on Friday, March 11th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Friday, February 11th. Finally, StockNews.com cut Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Thursday, April 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $129.30.

Shares of NYSE:TRI opened at $100.58 on Wednesday. The firm has a 50 day simple moving average of $105.06 and a 200-day simple moving average of $111.45. Thomson Reuters has a twelve month low of $91.96 and a twelve month high of $123.60. The company has a market capitalization of $48.90 billion, a PE ratio of 8.80, a P/E/G ratio of 3.20 and a beta of 0.56. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.27.

Thomson Reuters (NYSE:TRIGet Rating) (TSE:TRI) last announced its quarterly earnings results on Tuesday, February 8th. The business services provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.67 billion. Thomson Reuters had a net margin of 89.62% and a return on equity of 6.57%. Thomson Reuters’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share.

Institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC grew its holdings in shares of Thomson Reuters by 4.2% during the third quarter. Commonwealth Equity Services LLC now owns 8,287 shares of the business services provider’s stock worth $915,000 after buying an additional 331 shares in the last quarter. ING Groep NV increased its stake in Thomson Reuters by 4.9% during the 3rd quarter. ING Groep NV now owns 5,473 shares of the business services provider’s stock worth $605,000 after acquiring an additional 255 shares during the period. Mufg Securities Canada LTD. increased its stake in Thomson Reuters by 0.4% during the 3rd quarter. Mufg Securities Canada LTD. now owns 90,025 shares of the business services provider’s stock worth $9,974,000 after acquiring an additional 322 shares during the period. Advisory Services Network LLC increased its stake in Thomson Reuters by 570.2% during the 3rd quarter. Advisory Services Network LLC now owns 4,698 shares of the business services provider’s stock worth $520,000 after acquiring an additional 3,997 shares during the period. Finally, Summit Global Investments bought a new position in shares of Thomson Reuters in the 3rd quarter valued at $1,898,000. Institutional investors own 21.17% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Thursday, February 24th were paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Wednesday, February 23rd. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.33. Thomson Reuters’s dividend payout ratio is 15.57%.

About Thomson Reuters (Get Rating)

Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.

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

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