Q2 2024 EPS Estimates for Thomson Reuters Co. Decreased by Analyst (TSE:TRI)

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) – National Bank Financial reduced their Q2 2024 earnings per share (EPS) estimates for Thomson Reuters in a research note issued on Thursday, May 2nd. National Bank Financial analyst A. Shine now expects that the company will earn $1.01 per share for the quarter, down from their previous estimate of $1.13. National Bank Financial currently has a “Underperform Underweight” rating on the stock. The consensus estimate for Thomson Reuters’ current full-year earnings is $5.05 per share. National Bank Financial also issued estimates for Thomson Reuters’ Q3 2024 earnings at $1.04 EPS, Q4 2024 earnings at $1.22 EPS and FY2026 earnings at $6.23 EPS.

Several other analysts have also weighed in on TRI. National Bankshares upped their price objective on Thomson Reuters from C$217.00 to C$219.00 in a report on Friday. BMO Capital Markets raised their price objective on shares of Thomson Reuters from C$211.00 to C$222.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Canaccord Genuity Group boosted their target price on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the stock a “hold” rating in a report on Friday, February 9th. CIBC increased their target price on shares of Thomson Reuters from C$138.00 to C$146.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Finally, Royal Bank of Canada lifted their price target on shares of Thomson Reuters from C$149.00 to C$153.00 and gave the stock a “sector perform” rating in a research report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$183.33.

Thomson Reuters Price Performance

Shares of TSE:TRI opened at C$228.41 on Monday. The stock’s 50 day moving average price is C$211.68 and its 200 day moving average price is C$199.25. The company has a debt-to-equity ratio of 36.91, a current ratio of 0.97 and a quick ratio of 0.52. The stock has a market cap of C$103.00 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 3.64 and a beta of 0.38. Thomson Reuters has a 12 month low of C$160.72 and a 12 month high of C$229.89.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings results on Thursday, February 8th. The company reported C$1.34 EPS for the quarter, topping 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 the consensus estimate of C$2.52 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 20.18%.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.28%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, May 15th. Thomson Reuters’s payout ratio is presently 41.69%.

Insider Activity

In other 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 news, Director Linda Walker sold 4,750 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was 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 company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of C$158.99, for a total value of C$95,392.80. Corporate insiders own 69.49% 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.