Thomson Reuters (TRI) to Release Earnings on Thursday

Thomson Reuters (TSE:TRI) (NYSE:TRI) will be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect Thomson Reuters to post earnings of C$1.25 per share for the quarter.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced 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. Thomson Reuters had a return on equity of 23.06% and a net margin of 39.67%. The firm had revenue of C$2.47 billion during the quarter, compared to analyst estimates of C$2.52 billion.

Thomson Reuters Trading Down 0.4 %

Shares of Thomson Reuters stock opened at C$209.09 on Thursday. Thomson Reuters has a 1 year low of C$159.25 and a 1 year high of C$217.83. The firm has a market cap of C$94.37 billion, a PE ratio of 26.84, a P/E/G ratio of 3.64 and a beta of 0.38. The stock has a fifty day moving average price of C$211.51 and a 200-day moving average price of C$196.62. The company has a debt-to-equity ratio of 32.01, a current ratio of 0.90 and a quick ratio of 0.52.

Thomson Reuters Cuts Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised their target price on 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. TD Securities increased their price target on 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. Royal Bank of Canada increased their price target on Thomson Reuters from C$149.00 to C$153.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th. Canaccord Genuity Group increased their price target on 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. Finally, National Bankshares downgraded Thomson Reuters from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$210.00 to C$217.00 in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$182.56.

Insiders Place Their Bets

In other Thomson Reuters news, Director Linda Walker sold 4,750 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was 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 Thomson Reuters 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 Thomson Reuters stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. 69.49% of the stock is owned by corporate insiders.

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.