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) – Stock analysts at National Bank Financial issued their Q1 2024 earnings estimates for Thomson Reuters in a research note issued on Monday, April 22nd. National Bank Financial analyst A. Shine expects that the company will post earnings per share of $1.33 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 announced its quarterly earnings results on Thursday, February 8th. The company reported C$1.34 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.25 by C$0.09. The company had revenue of C$2.47 billion for the quarter, compared to analysts’ expectations of C$2.52 billion. Thomson Reuters had a net margin of 39.67% and a return on equity of 23.06%.

Several other research firms have also recently commented on TRI. CIBC boosted their price objective on shares of Thomson Reuters from C$138.00 to C$146.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. National Bankshares cut shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from C$210.00 to C$217.00 in a research report on Tuesday. TD Securities boosted their price objective on shares of Thomson Reuters from C$210.00 to C$225.00 and gave the company a “hold” rating in a research report on Wednesday, March 13th. Canaccord Genuity Group boosted their price objective on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, BMO Capital Markets boosted their price target on shares of Thomson Reuters from C$211.00 to C$222.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$182.56.

Thomson Reuters Trading Up 0.2 %

TRI opened at C$209.92 on Wednesday. The stock has a market capitalization 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. Thomson Reuters has a 12 month low of C$159.25 and a 12 month high of C$217.83. The firm’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 current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 32.01.

Thomson Reuters Cuts Dividend

The firm also recently declared 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. The ex-dividend date was Tuesday, February 20th. This represents a $2.16 annualized dividend and a yield of 1.03%. Thomson Reuters’s dividend payout ratio (DPR) is presently 37.36%.

Insider Transactions at Thomson Reuters

In other news, Senior Officer David Franklin Wong sold 600 shares of the business’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. In other news, Senior Officer David Franklin Wong sold 600 shares of the business’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. Also, Director Linda Walker sold 4,750 shares of the business’s 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. 69.49% of the stock is owned by company 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.