Thomson Reuters (TRI) to Release Earnings on Thursday

Thomson Reuters (TSE:TRI) (NYSE:TRI) will be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect Thomson Reuters to post earnings of C$1.25 per share for the quarter.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$1.34 EPS for the quarter, topping analysts’ consensus estimates of C$1.25 by C$0.09. The business had revenue of C$2.47 billion during the quarter, compared to analysts’ expectations of C$2.52 billion. Thomson Reuters had a return on equity of 23.06% and a net margin of 39.67%.

Thomson Reuters Stock Performance

Shares of TRI opened at C$209.09 on Thursday. The stock has a market cap of C$94.37 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 3.64 and a beta of 0.38. The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 32.01. The business has a 50-day simple moving average of C$211.51 and a two-hundred day simple moving average of C$196.62. Thomson Reuters has a 52 week low of C$159.25 and a 52 week high of C$217.83.

Thomson Reuters Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Tuesday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is 37.36%.

Insider Activity at Thomson Reuters

In related news, Senior Officer David Franklin Wong sold 600 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of C$158.99, for a total transaction of C$95,392.80. In other Thomson Reuters news, Senior Officer David Franklin Wong sold 600 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of C$158.99, for a total transaction of C$95,392.80. Also, Director Linda Walker sold 4,750 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of C$156.75, for a total value of C$744,562.50. 69.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TRI. TD Securities upped their price objective on Thomson Reuters from C$210.00 to C$225.00 and gave the stock a “hold” rating in a research note on Wednesday, March 13th. National Bankshares lowered Thomson Reuters from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$210.00 to C$217.00 in a research note on Tuesday. BMO Capital Markets upped their price objective on Thomson Reuters from C$211.00 to C$222.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. National Bank Financial lowered Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a research note on Tuesday, February 20th. Finally, CIBC upped their price objective on Thomson Reuters from C$138.00 to C$146.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$182.56.

About Thomson Reuters

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.