FY2024 EPS Estimates for Thomson Reuters Co. (TSE:TRI) Increased by Analyst

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) – Analysts at National Bank Financial boosted their FY2024 earnings estimates for Thomson Reuters in a report issued on Monday, April 22nd. National Bank Financial analyst A. Shine now expects that the company will earn $4.81 per share for the year, up from their prior forecast of $4.75. National Bank Financial has a “Underperform Underweight” rating on the stock. The consensus estimate for Thomson Reuters’ current full-year earnings is $4.95 per share. National Bank Financial also issued estimates for Thomson Reuters’ FY2025 earnings at $5.56 EPS.

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

A number of other analysts have also recently commented on TRI. TD Securities upped their target price on shares of Thomson Reuters from C$210.00 to C$225.00 and gave the company a “hold” rating in a report on Wednesday, March 13th. Royal Bank of Canada increased their price objective on shares of Thomson Reuters from C$149.00 to C$153.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th. Canaccord Genuity Group upped their target price on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. CIBC upped their target price on shares of Thomson Reuters from C$138.00 to C$146.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Finally, BMO Capital Markets increased their price objective on shares of Thomson Reuters from C$211.00 to C$222.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$182.56.

Thomson Reuters Stock Down 0.4 %

Shares of TRI stock opened at C$208.35 on Thursday. Thomson Reuters has a 12 month low of C$159.25 and a 12 month high of C$217.83. The stock has a market cap of C$94.04 billion, a P/E ratio of 26.75, a P/E/G ratio of 3.64 and a beta of 0.38. The company has a current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 32.01. The company has a 50 day simple moving average of C$211.40 and a two-hundred day simple moving average of C$196.70.

Thomson Reuters Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Tuesday, February 20th. Thomson Reuters’s dividend payout ratio is presently 37.36%.

Insider Buying and Selling

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

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.