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

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) – National Bank Financial raised their FY2024 earnings per share estimates for Thomson Reuters in a research note issued on Monday, April 22nd. National Bank Financial analyst A. Shine now expects that the company will post earnings per share of $4.81 for the year, up from their prior 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 released its quarterly earnings results 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. The company had revenue of C$2.47 billion for the quarter, compared to analysts’ expectations of C$2.52 billion. Thomson Reuters had a return on equity of 23.06% and a net margin of 39.67%.

Other equities research analysts have also recently issued research reports about the company. TD Securities boosted their target price on Thomson Reuters from C$210.00 to C$225.00 and gave the stock a “hold” rating in a report on Wednesday, March 13th. BMO Capital Markets upped their price target on Thomson Reuters from C$211.00 to C$222.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Canaccord Genuity Group upped their price target on Thomson Reuters from C$147.00 to C$149.00 and gave the company a “hold” rating in a report on Friday, February 9th. National Bankshares cut Thomson Reuters from an “outperform” rating to a “sector perform” rating and upped their price target for the company from C$210.00 to C$217.00 in a report on Tuesday. Finally, CIBC upped their price target on Thomson Reuters from C$138.00 to C$146.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Five 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 an average target price of C$182.56.

Thomson Reuters Price Performance

Shares of TSE:TRI opened at C$211.07 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$95.27 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 3.64 and a beta of 0.38. The stock’s 50 day moving average price is C$211.29 and its 200 day moving average price is C$196.98. The company has a debt-to-equity ratio of 32.01, a current ratio of 0.90 and a quick ratio of 0.52.

Insider Buying and Selling

In related news, Senior Officer David Franklin Wong sold 600 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. In other Thomson Reuters news, Senior Officer David Franklin Wong sold 600 shares of the business’s stock in a transaction 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 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 corporate insiders.

Thomson Reuters Cuts Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Tuesday, February 20th. Thomson Reuters’s dividend payout ratio is presently 37.36%.

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.