Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI - National Bank Financial issued their Q1 2024 earnings per share estimates for shares of Thomson Reuters in a report issued on Monday, April 22nd. National Bank Financial analyst A. Shine forecasts that the business services provider will post earnings of $0.97 per share for the quarter. National Bank Financial has a "Sector Perform" rating on the stock. The consensus estimate for Thomson Reuters' current full-year earnings is $3.58 per share. National Bank Financial also issued estimates for Thomson Reuters' Q2 2024 earnings at $0.83 EPS, Q3 2024 earnings at $0.78 EPS and Q4 2024 earnings at $0.94 EPS.
TRI has been the subject of several other research reports. CIBC increased their price objective on Thomson Reuters from $146.00 to $152.00 and gave the stock a "neutral" rating in a research report on Thursday, March 14th. Barclays upgraded shares of Thomson Reuters from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $150.00 to $180.00 in a report on Thursday, March 14th. Scotiabank upped their target price on shares of Thomson Reuters from $142.00 to $159.00 and gave the stock a "sector perform" rating in a research report on Friday, February 9th. Royal Bank of Canada reiterated a "sector perform" rating and set a $153.00 price target on shares of Thomson Reuters in a research report on Wednesday, March 13th. Finally, TD Securities boosted their price target on Thomson Reuters from $210.00 to $225.00 and gave the stock a "hold" rating in a research note on Wednesday, March 13th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $157.42.
Check Out Our Latest Stock Report on TRI
Thomson Reuters Stock Performance
Shares of TRI stock traded down $0.96 during trading hours on Wednesday, reaching $152.63. 229,126 shares of the company's stock were exchanged, compared to its average volume of 305,845. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.90. Thomson Reuters has a 1 year low of $117.46 and a 1 year high of $161.57. The company has a market cap of $68.90 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 3.98 and a beta of 0.65. The company's 50 day moving average is $155.86 and its two-hundred day moving average is $145.04.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.06. Thomson Reuters had a net margin of 39.67% and a return on equity of 14.01%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the business posted $0.76 earnings per share. The business's revenue was up 2.8% compared to the same quarter last year.
Thomson Reuters Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.42%. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.49. Thomson Reuters's dividend payout ratio (DPR) is presently 36.99%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRI. Ritholtz Wealth Management raised its position in shares of Thomson Reuters by 4.9% in the third quarter. Ritholtz Wealth Management now owns 4,453 shares of the business services provider's stock valued at $545,000 after buying an additional 209 shares during the last quarter. Capital Investment Advisors LLC purchased a new position in shares of Thomson Reuters during the 3rd quarter worth $209,000. Capital Asset Advisory Services LLC acquired a new stake in shares of Thomson Reuters during the third quarter worth $219,000. Covenant Partners LLC purchased a new stake in shares of Thomson Reuters in the third quarter valued at $419,000. Finally, Commonwealth Equity Services LLC increased its stake in Thomson Reuters by 1.3% in the third quarter. Commonwealth Equity Services LLC now owns 7,331 shares of the business services provider's stock valued at $897,000 after purchasing an additional 93 shares during the last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.
Thomson Reuters Company Profile
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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.
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