Thomson Reuters Co. (TSE:TRI) to Post Q1 2024 Earnings of $1.33 Per Share, National Bank Financial Forecasts

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) – Equities research analysts at National Bank Financial issued their Q1 2024 earnings estimates for shares of Thomson Reuters in a research report issued on Monday, April 22nd. National Bank Financial analyst A. Shine anticipates that the company will post earnings of $1.33 per share for the quarter. National Bank Financial currently 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’ Q2 2024 earnings at $1.13 EPS, Q3 2024 earnings at $1.07 EPS and Q4 2024 earnings at $1.28 EPS.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Thursday, February 8th. The company reported C$1.34 EPS for the quarter, beating the consensus estimate of C$1.25 by C$0.09. Thomson Reuters had a net margin of 39.67% and a return on equity of 23.06%. The business had revenue of C$2.47 billion for the quarter, compared to analysts’ expectations of C$2.52 billion.

Several other equities analysts have also recently commented on TRI. Canaccord Genuity Group boosted their price target on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the company a “hold” rating in a report on Friday, February 9th. Royal Bank of Canada upped their price objective on shares of Thomson Reuters from C$149.00 to C$153.00 and gave the stock a “sector perform” rating in a report on Friday, February 9th. CIBC upped 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 report on Friday, February 9th. BMO Capital Markets upped 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 report on Friday, February 9th. Finally, TD Securities upped 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 report on Wednesday, March 13th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$182.56.

Thomson Reuters Trading Up 0.2 %

Thomson Reuters stock opened at C$209.92 on Wednesday. The company’s fifty day simple moving average is C$211.58 and its 200-day simple moving average is C$196.54. The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 32.01. 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$94.75 billion, a P/E ratio of 26.95, a P/E/G ratio of 3.64 and a beta of 0.38.

Insiders Place Their Bets

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. In other news, Director Linda Walker sold 4,750 shares of the company’s stock in a transaction dated 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 company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$158.99, for a total transaction of C$95,392.80. Company insiders own 69.49% of the company’s stock.

Thomson Reuters Cuts Dividend

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