Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) – Stock analysts at National Bank Financial lowered their FY2018 EPS estimates for Thomson Reuters in a research report issued on Tuesday, November 6th. National Bank Financial analyst A. Shine now expects that the company will earn $0.80 per share for the year, down from their previous estimate of $0.83. National Bank Financial currently has a “Outperform” rating and a $69.00 price objective on the stock. National Bank Financial also issued estimates for Thomson Reuters’ Q4 2018 earnings at $0.08 EPS, FY2019 earnings at $1.74 EPS and FY2020 earnings at $2.59 EPS.
TRI has been the topic of several other reports. Berenberg Bank dropped their target price on Thomson Reuters from C$45.00 to C$44.00 in a report on Thursday, August 30th. TD Securities raised their target price on Thomson Reuters from C$68.00 to C$69.00 and gave the company a “buy” rating in a report on Wednesday. Finally, BMO Capital Markets raised their target price on Thomson Reuters from C$65.00 to C$69.00 in a report on Wednesday.
Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its earnings results on Wednesday, August 8th. The company reported C$0.22 EPS for the quarter, beating the consensus estimate of C$0.14 by C$0.08. The company had revenue of C$1.69 billion for the quarter, compared to analysts’ expectations of C$1.69 billion.
In other Thomson Reuters news, Director Vance A. Sider sold 88,548 shares of Thomson Reuters stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of C$45.56, for a total transaction of C$4,034,246.88.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.452 per share. The ex-dividend date is Wednesday, November 14th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.45. This represents a $1.81 annualized dividend and a yield of 2.85%. Thomson Reuters’s payout ratio is currently 82.54%.
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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