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

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) – Research analysts at National Bank Financial lifted their FY2024 earnings estimates for shares of Thomson Reuters in a research report issued on Monday, April 22nd. National Bank Financial analyst A. Shine now anticipates that the company will earn $4.81 per share for the year, up from their previous estimate 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 posted its earnings results on Thursday, February 8th. The company reported C$1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.25 by C$0.09. The business had revenue of C$2.47 billion for the quarter, compared to analysts’ expectations of C$2.52 billion. Thomson Reuters had a net margin of 39.67% and a return on equity of 23.06%.

TRI has been the topic of several other research reports. Royal Bank of Canada upped their target price on shares of Thomson Reuters from C$149.00 to C$153.00 and gave the company a “sector perform” rating in a research note on Friday, February 9th. TD Securities increased their price objective on shares of 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. Canaccord Genuity Group increased their price objective on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. CIBC increased their price objective on shares of 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. Finally, BMO Capital Markets increased their price objective on shares of 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. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Thomson Reuters currently has a consensus rating of “Hold” and an average price target of C$182.56.

Thomson Reuters Price Performance

TRI opened at C$209.09 on Thursday. The company has a debt-to-equity ratio of 32.01, a quick ratio of 0.52 and a current ratio of 0.90. The stock has a market capitalization of C$94.37 billion, a P/E ratio of 26.84, a P/E/G ratio of 3.64 and a beta of 0.38. The company’s 50-day simple moving average is C$211.51 and its two-hundred day simple moving average is C$196.62. Thomson Reuters has a 52-week low of C$159.25 and a 52-week high of C$217.83.

Insider Buying and Selling

In related news, Director Linda Walker sold 4,750 shares of the 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. In other Thomson Reuters news, Director Linda Walker sold 4,750 shares of the 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 transaction of C$744,562.50. Also, Senior Officer David Franklin Wong sold 600 shares of the 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. 69.49% of the stock is currently owned by insiders.

Thomson Reuters Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Tuesday, February 20th. Thomson Reuters’s dividend payout ratio is 37.36%.

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.