Thomson Reuters (TRI) Set to Announce Quarterly Earnings on Thursday

Thomson Reuters (NYSE:TRI) (TSE:TRI) is set to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Thomson Reuters to post earnings of $0.93 per share for the quarter. Thomson Reuters has set its FY 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. Thomson Reuters had a return on equity of 14.01% and a net margin of 39.67%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the firm posted $0.76 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. On average, analysts expect Thomson Reuters to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $152.67 on Thursday. The stock has a fifty day moving average of $155.77 and a 200 day moving average of $145.09. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $68.92 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.98 and a beta of 0.65. Thomson Reuters has a 52 week low of $117.46 and a 52 week high of $161.57.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Wednesday, February 21st were issued a $0.54 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.49. The ex-dividend date was Tuesday, February 20th. This represents a $2.16 dividend on an annualized basis and a yield of 1.41%. Thomson Reuters’s dividend payout ratio is 36.99%.

Analyst Ratings Changes

TRI has been the subject of a number of research reports. CIBC increased their price objective on Thomson Reuters from $146.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. TD Securities increased their price objective on Thomson Reuters from $210.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, March 13th. National Bank Financial upgraded Thomson Reuters from an “underperform” rating to a “sector perform” rating in a report on Tuesday. Scotiabank increased their price objective on Thomson Reuters from $142.00 to $159.00 and gave the stock a “sector perform” rating in a report on Friday, February 9th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $153.00 price target on shares of Thomson Reuters in a report on Wednesday, March 13th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters presently has an average rating of “Hold” and a consensus target price of $157.42.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of 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.