Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI - National Bank Financial decreased their Q2 2024 EPS estimates for shares of Thomson Reuters in a research note issued to investors on Thursday, May 2nd. National Bank Financial analyst A. Shine now forecasts that the business services provider will earn $0.74 per share for the quarter, down from their previous estimate of $0.83. 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' Q3 2024 earnings at $0.76 EPS, Q4 2024 earnings at $0.89 EPS, FY2024 earnings at $3.50 EPS and FY2026 earnings at $4.55 EPS.
Several other analysts also recently issued reports on TRI. Royal Bank of Canada upped their price objective on shares of Thomson Reuters from $153.00 to $156.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. raised their target price on Thomson Reuters from $152.00 to $163.00 and gave the stock a "neutral" rating in a research report on Friday. Barclays raised shares of Thomson Reuters from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $150.00 to $180.00 in a report on Thursday, March 14th. CIBC boosted their target price on Thomson Reuters from $152.00 to $156.00 and gave the stock a "neutral" rating in a report on Friday. Finally, UBS Group raised their price target on Thomson Reuters from $177.00 to $190.00 and gave the company a "buy" rating in a report on Friday. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $164.31.
Read Our Latest Report on Thomson Reuters
Thomson Reuters Stock Performance
Thomson Reuters stock traded up $2.33 during trading hours on Monday, reaching $167.07. 404,336 shares of the company were exchanged, compared to its average volume of 326,102. Thomson Reuters has a 12 month low of $117.46 and a 12 month high of $168.28. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average of $155.54 and a 200 day moving average of $146.98. The firm has a market cap of $75.40 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 4.52 and a beta of 0.65.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.94 by $0.17. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 15.47%. Thomson Reuters's quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 EPS.
Institutional Investors Weigh In On Thomson Reuters
Institutional investors and hedge funds have recently modified their holdings of the business. Trust Co. of Vermont bought a new stake in shares of Thomson Reuters in the 3rd quarter valued at about $27,000. Pacifica Partners Inc. raised its holdings in Thomson Reuters by 162.0% in the fourth quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider's stock worth $34,000 after purchasing an additional 149 shares during the period. Tennessee Valley Asset Management Partners acquired a new position in shares of Thomson Reuters in the 4th quarter valued at $37,000. GPS Wealth Strategies Group LLC acquired a new stake in Thomson Reuters during the 4th quarter worth $38,000. Finally, Gold Investment Management Ltd. acquired a new position in Thomson Reuters in the fourth quarter valued at about $41,000. 17.31% of the stock is owned by institutional investors.
Thomson Reuters Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Wednesday, May 15th. Thomson Reuters's dividend payout ratio is 41.14%.
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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