Equities Analysts Set Expectations for Thomson Reuters Co.’s Q1 2022 Earnings (TSE:TRI)

Thomson Reuters Co. (TSE:TRI – Get Rating) (NYSE:TRI) – Analysts at National Bank Financial issued their Q1 2022 earnings estimates for Thomson Reuters in a research report issued on Monday, April 25th. National Bank Financial analyst A. Shine anticipates that the company will post earnings of $0.83 per share for the quarter. National Bank Financial currently has a “Outperfrom Under Weight” rating on the stock. National Bank Financial also issued estimates for Thomson Reuters’ Q2 2022 earnings at $0.72 EPS, Q3 2022 earnings at $0.66 EPS, Q4 2022 earnings at $0.79 EPS, FY2022 earnings at $3.00 EPS and FY2023 earnings at $4.22 EPS.

Thomson Reuters (TSE:TRI – Get Rating) (NYSE:TRI) last posted its quarterly earnings data on Tuesday, February 8th. The company reported C$0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.58 by C($0.04). The company had revenue of C$2.16 billion during the quarter, compared to analysts’ expectations of C$2.10 billion.

Several other equities research analysts also recently weighed in on the company. National Bankshares upgraded Thomson Reuters from a “sector perform” rating to a “buy” rating and set a C$162.00 price target on the stock in a report on Tuesday, January 11th. Royal Bank of Canada upgraded Thomson Reuters to a “buy” rating and set a C$120.00 price target on the stock in a report on Wednesday, February 9th. Finally, Canaccord Genuity Group upgraded Thomson Reuters to a “buy” rating and set a C$117.00 price target on the stock in a report on Wednesday, February 9th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Thomson Reuters presently has an average rating of “Buy” and a consensus target price of C$142.86.

TRI stock opened at C$128.89 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.78 and a debt-to-equity ratio of 29.25. The company has a market capitalization of C$62.77 billion and a PE ratio of 8.91. Thomson Reuters has a 12-month low of C$111.72 and a 12-month high of C$156.62. The business’s fifty day moving average price is C$132.84 and its 200 day moving average price is C$140.42.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Thursday, February 24th were given a dividend of $0.445 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.41. This represents a $1.78 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Wednesday, February 23rd. Thomson Reuters’s dividend payout ratio is currently 11.20%.

In related news, Director Brian S. Peccarelli sold 600 shares of the company’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of C$134.48, for a total value of C$80,687.88. Following the completion of the sale, the director now directly owns 19,203 shares of the company’s stock, valued at approximately C$2,582,415.60. Also, Director Linda Walker sold 4,754 shares of the company’s stock in a transaction dated Thursday, March 24th. The shares were sold at an average price of C$133.12, for a total value of C$632,847.73. Following the completion of the sale, the director now directly owns 9 shares of the company’s stock, valued at C$1,198.07.

Thomson Reuters Company Profile (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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