FY2024 EPS Estimates for Thomson Reuters Co. Lifted by Analyst (TSE:TRI)

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) – Analysts at National Bank Financial lifted their FY2024 earnings per share (EPS) estimates for Thomson Reuters in a research report issued to clients and investors on Monday, April 22nd. National Bank Financial analyst A. Shine now forecasts that the company will post earnings of $4.81 per share for the year, up from their previous forecast of $4.75. National Bank Financial 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’ FY2025 earnings at $5.56 EPS.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted 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 company had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.52 billion.

TRI has been the subject of several other research reports. CIBC raised their price target on Thomson Reuters from C$138.00 to C$146.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. TD Securities raised their price target on Thomson Reuters from C$210.00 to C$225.00 and gave the stock a “hold” rating in a report on Wednesday, March 13th. National Bankshares downgraded Thomson Reuters from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from C$210.00 to C$217.00 in a report on Tuesday. BMO Capital Markets raised their price target on Thomson Reuters from C$211.00 to C$222.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Finally, Royal Bank of Canada raised their price target on Thomson Reuters from C$149.00 to C$153.00 and gave the stock a “sector perform” rating in a report on Friday, February 9th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Thomson Reuters currently has a consensus rating of “Hold” and a consensus target price of C$182.56.

Thomson Reuters Price Performance

TRI opened at C$211.07 on Thursday. The business’s 50-day moving average is C$211.29 and its two-hundred day moving average is C$196.98. Thomson Reuters has a 1 year low of C$159.25 and a 1 year high of C$217.83. The company has a debt-to-equity ratio of 32.01, a current ratio of 0.90 and a quick ratio of 0.52. The firm has a market capitalization of C$95.27 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 3.64 and a beta of 0.38.

Insider Buying and Selling

In related 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. In other Thomson Reuters news, Senior Officer David Franklin Wong sold 600 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of C$158.99, for a total value of C$95,392.80. Also, Director Linda Walker sold 4,750 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of C$156.75, for a total value of C$744,562.50. Corporate insiders own 69.49% of the company’s stock.

Thomson Reuters Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Tuesday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is 37.36%.

Thomson Reuters Company Profile

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.