Q2 2024 EPS Estimates for Thomson Reuters Co. Decreased by National Bank Financial (TSE:TRI)

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) – Stock analysts at National Bank Financial dropped their Q2 2024 EPS estimates for Thomson Reuters in a research note issued on Thursday, May 2nd. National Bank Financial analyst A. Shine now forecasts that the company will post earnings of $1.01 per share for the quarter, down from their prior estimate of $1.13. National Bank Financial currently has a “Underperform Underweight” rating on the stock. The consensus estimate for Thomson Reuters’ current full-year earnings is $5.05 per share. National Bank Financial also issued estimates for Thomson Reuters’ Q3 2024 earnings at $1.04 EPS, Q4 2024 earnings at $1.22 EPS and FY2026 earnings at $6.23 EPS.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data 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 business had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.52 billion. Thomson Reuters had a return on equity of 20.18% and a net margin of 34.87%.

Other equities research analysts also recently issued reports about the stock. CIBC lifted their target price on shares of Thomson Reuters from C$138.00 to C$146.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Canaccord Genuity Group lifted their price target on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the stock a “hold” rating in a report on Friday, February 9th. TD Securities increased their price objective on Thomson Reuters from C$225.00 to C$230.00 and gave the company a “hold” rating in a report on Friday. Royal Bank of Canada raised their target price on Thomson Reuters from C$149.00 to C$153.00 and gave the stock a “sector perform” rating in a research report on Friday, February 9th. Finally, National Bankshares upped their price target on Thomson Reuters from C$217.00 to C$219.00 in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$183.33.

Thomson Reuters Stock Performance

TSE:TRI opened at C$225.32 on Monday. The stock’s 50-day moving average is C$211.41 and its 200-day moving average is C$198.82. Thomson Reuters has a 1-year low of C$159.25 and a 1-year high of C$227.28. The company has a current ratio of 0.97, a quick ratio of 0.52 and a debt-to-equity ratio of 36.91. The stock has a market cap of C$101.60 billion, a P/E ratio of 31.74, a price-to-earnings-growth ratio of 3.64 and a beta of 0.38.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be given a dividend of $0.73 per share. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.92 annualized dividend and a dividend yield of 1.30%. Thomson Reuters’s dividend payout ratio is presently 41.69%.

Insider Buying and Selling

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

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.