Thomson Reuters Corp (TRI) Expected to Post Earnings of $0.05 Per Share

Equities research analysts expect Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) to announce earnings of $0.05 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Thomson Reuters’ earnings. The lowest EPS estimate is $0.03 and the highest is $0.06. Thomson Reuters reported earnings per share of $0.68 during the same quarter last year, which indicates a negative year-over-year growth rate of 92.6%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, November 6th.

According to Zacks, analysts expect that Thomson Reuters will report full year earnings of $0.64 per share for the current year, with EPS estimates ranging from $0.63 to $0.65. For the next financial year, analysts anticipate that the business will report earnings of $1.28 per share, with EPS estimates ranging from $1.23 to $1.40. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Thomson Reuters.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Wednesday, August 8th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. Thomson Reuters had a net margin of 14.15% and a return on equity of 9.17%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis.

Several equities analysts have recently commented on TRI shares. ValuEngine upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Canaccord Genuity reiterated a “buy” rating and issued a $50.00 price objective on shares of Thomson Reuters in a report on Wednesday, September 5th. Zacks Investment Research raised shares of Thomson Reuters from a “strong sell” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Sunday, July 15th. Piper Jaffray Companies boosted their target price on shares of Thomson Reuters to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, June 14th. Finally, Royal Bank of Canada boosted their target price on shares of Thomson Reuters from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $45.70.

A number of institutional investors have recently modified their holdings of TRI. Steward Partners Investment Advisory LLC grew its stake in shares of Thomson Reuters by 6,100.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 2,480 shares of the business services provider’s stock valued at $100,000 after purchasing an additional 2,440 shares during the last quarter. Daiwa SB Investments Ltd. bought a new position in Thomson Reuters in the second quarter valued at approximately $141,000. CenterStar Asset Management LLC boosted its stake in Thomson Reuters by 955.5% in the second quarter. CenterStar Asset Management LLC now owns 4,929 shares of the business services provider’s stock valued at $198,000 after acquiring an additional 4,462 shares during the last quarter. Marathon Trading Investment Management LLC bought a new position in Thomson Reuters in the second quarter valued at approximately $202,000. Finally, Laurel Wealth Advisors Inc. bought a new position in Thomson Reuters in the second quarter valued at approximately $201,000. 22.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Thomson Reuters stock traded down $0.31 on Monday, hitting $46.38. 13,724 shares of the company traded hands, compared to its average volume of 1,576,148. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.41. Thomson Reuters has a 12-month low of $36.52 and a 12-month high of $48.61. The stock has a market cap of $31.98 billion, a P/E ratio of 18.48, a P/E/G ratio of 12.90 and a beta of 0.65.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Thursday, August 16th were paid a dividend of $0.345 per share. The ex-dividend date was Wednesday, August 15th. This represents a $1.38 annualized dividend and a yield of 2.98%. Thomson Reuters’s dividend payout ratio is 54.98%.

About Thomson Reuters

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

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