FY2024 EPS Forecast for Thomson Reuters Decreased by Analyst

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) – Analysts at National Bank Financial dropped their FY2024 EPS estimates for Thomson Reuters in a research report issued to clients and investors on Tuesday, November 5th. National Bank Financial analyst A. Shine now forecasts that the company will post earnings per share of $5.22 for the year, down from their prior estimate of $5.28. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Thomson Reuters’ current full-year earnings is $5.64 per share. National Bank Financial also issued estimates for Thomson Reuters’ Q4 2024 earnings at $1.41 EPS, FY2025 earnings at $5.37 EPS and FY2026 earnings at $6.00 EPS.

A number of other analysts also recently weighed in on the stock. Scotiabank upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. National Bankshares increased their target price on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. TD Securities boosted their price target on shares of Thomson Reuters from C$235.00 to C$250.00 in a report on Wednesday. Finally, BMO Capital Markets raised their price objective on Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$197.50.

Thomson Reuters Trading Up 0.2 %

TSE:TRI opened at C$234.03 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05. Thomson Reuters has a 1-year low of C$177.83 and a 1-year high of C$242.92. The firm has a market capitalization of C$105.25 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 3.64 and a beta of 0.40. The business’s 50-day moving average price is C$230.84 and its two-hundred day moving average price is C$227.77.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be paid a $0.73 dividend. The ex-dividend date is Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.20. This represents a $2.92 dividend on an annualized basis and a yield of 1.25%. Thomson Reuters’s dividend payout ratio is presently 41.33%.

Insiders Place Their Bets

In other Thomson Reuters news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$235.62, for a total transaction of C$1,428,328.44. In other news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$235.62, for a total value of C$1,428,328.44. Also, Director Caroline Rogge sold 339 shares of Thomson Reuters stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$235.35, for a total value of C$79,782.97. In the last 90 days, insiders sold 11,711 shares of company stock worth $2,755,571. Corporate insiders own 69.76% of the company’s stock.

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.