S&P 500   4,455.48
DOW   34,798.00
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S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
pixel
pixel
pixel
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
pixel
pixel
pixel
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
pixel
pixel
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Thomson Reuters Co. (NYSE:TRI) Expected to Announce Quarterly Sales of $1.49 Billion

Last updated on Thursday, September 16, 2021 | 2021 MarketBeat

Equities analysts expect Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) to announce sales of $1.49 billion for the current quarter, according to Zacks. Two analysts have made estimates for Thomson Reuters' earnings, with the lowest sales estimate coming in at $1.48 billion and the highest estimate coming in at $1.50 billion. Thomson Reuters posted sales of $1.44 billion in the same quarter last year, which suggests a positive year over year growth rate of 3.5%. The business is expected to announce its next quarterly earnings report on Tuesday, November 2nd.

On average, analysts expect that Thomson Reuters will report full year sales of $6.27 billion for the current financial year, with estimates ranging from $6.25 billion to $6.30 billion. For the next financial year, analysts anticipate that the firm will report sales of $6.56 billion, with estimates ranging from $6.54 billion to $6.57 billion. Zacks Investment Research's sales calculations are an average based on a survey of sell-side research analysts that cover Thomson Reuters.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, August 5th. The business services provider reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.05. Thomson Reuters had a net margin of 111.93% and a return on equity of 7.89%. The business had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same period in the previous year, the business earned $0.44 earnings per share. The company's revenue was up 9.0% on a year-over-year basis.

Several brokerages recently commented on TRI. Canaccord Genuity cut Thomson Reuters from a "buy" rating to a "hold" rating and boosted their price target for the company from $102.00 to $108.00 in a research note on Friday, August 6th. BMO Capital Markets upped their price target on Thomson Reuters from $130.00 to $151.00 and gave the company an "outperform" rating in a research report on Friday, August 6th. Royal Bank of Canada upped their price target on Thomson Reuters from $112.00 to $118.00 and gave the company an "outperform" rating in a research note on Friday, August 6th. National Bank Financial increased their target price on Thomson Reuters from C$145.00 to C$162.00 and gave the company a "sector perform" rating in a research note on Thursday, September 2nd. Finally, TD Securities downgraded Thomson Reuters from a "buy" rating to a "hold" rating and raised their price target for the company from $155.00 to $160.00 in a research note on Friday, September 3rd. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $122.40.

Several hedge funds have recently modified their holdings of TRI. Swiss National Bank grew its stake in shares of Thomson Reuters by 5.8% during the second quarter. Swiss National Bank now owns 745,998 shares of the business services provider's stock valued at $74,241,000 after buying an additional 40,700 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of Thomson Reuters by 70.0% during the first quarter. Quantbot Technologies LP now owns 26,361 shares of the business services provider's stock valued at $2,308,000 after purchasing an additional 10,850 shares during the last quarter. AlphaCrest Capital Management LLC lifted its holdings in shares of Thomson Reuters by 126.0% during the first quarter. AlphaCrest Capital Management LLC now owns 114,789 shares of the business services provider's stock valued at $10,052,000 after purchasing an additional 63,999 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Thomson Reuters by 7.6% during the first quarter. JPMorgan Chase & Co. now owns 827,610 shares of the business services provider's stock valued at $72,474,000 after purchasing an additional 58,665 shares during the last quarter. Finally, Brinker Capital Investments LLC raised its holdings in Thomson Reuters by 6.6% in the 2nd quarter. Brinker Capital Investments LLC now owns 76,488 shares of the business services provider's stock worth $7,597,000 after acquiring an additional 4,728 shares during the last quarter. Institutional investors own 21.76% of the company's stock.

Shares of Thomson Reuters stock opened at $118.99 on Thursday. The company's 50-day moving average price is $110.79 and its two-hundred day moving average price is $99.55. The stock has a market cap of $59.00 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 5.13 and a beta of 0.45. Thomson Reuters has a 52 week low of $76.17 and a 52 week high of $120.31. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.24.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Thursday, August 19th were given a dividend of $0.405 per share. The ex-dividend date of this dividend was Wednesday, August 18th. This represents a $1.62 annualized dividend and a dividend yield of 1.36%. Thomson Reuters's dividend payout ratio is currently 88.04%.

Thomson Reuters Company Profile

Thomson Reuters Corp. engages in the provision of news and information for professional markets. It operates through the following segments: Legal Professionals, Corporates, Tax and Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment provides research and workflow products to law firms and government.

See Also: Debt-To-Equity Ratio

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Earnings History and Estimates for Thomson Reuters (NYSE:TRI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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