$0.05 EPS Expected for Thomson Reuters Corp (TRI) This Quarter

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Wall Street analysts expect that Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) will announce earnings per share (EPS) of $0.05 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Thomson Reuters’ earnings, with estimates ranging from $0.03 to $0.06. Thomson Reuters reported earnings of $0.68 per share during the same quarter last year, which indicates a negative year over year growth rate of 92.6%. The business is scheduled to issue its next quarterly earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Thomson Reuters will report full year earnings of $0.64 per share for the current year, with EPS estimates ranging from $0.64 to $0.65. For the next year, analysts anticipate that the firm will post earnings of $1.28 per share, with EPS estimates ranging from $1.23 to $1.43. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Thomson Reuters.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Wednesday, August 8th. The business services provider reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.06. Thomson Reuters had a return on equity of 9.17% and a net margin of 14.15%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis.

Several research analysts have weighed in on the company. Canaccord Genuity reissued a “buy” rating and issued a $50.00 price objective on shares of Thomson Reuters in a research report on Wednesday, September 5th. Royal Bank of Canada boosted their price objective on Thomson Reuters from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 29th. Zacks Investment Research raised Thomson Reuters from a “strong sell” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Sunday, July 15th. Piper Jaffray Companies boosted their price objective on Thomson Reuters to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, June 14th. Finally, Morgan Stanley raised Thomson Reuters from an “equal weight” rating to an “overweight” rating and set a $52.00 price objective on the stock in a research report on Thursday, September 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.00.

Several hedge funds and other institutional investors have recently modified their holdings of TRI. Massachusetts Financial Services Co. MA lifted its position in shares of Thomson Reuters by 210.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,742,479 shares of the business services provider’s stock valued at $352,496,000 after buying an additional 5,923,592 shares during the last quarter. CIBC World Markets Inc. lifted its position in shares of Thomson Reuters by 36.1% during the 1st quarter. CIBC World Markets Inc. now owns 3,478,599 shares of the business services provider’s stock valued at $134,448,000 after buying an additional 923,398 shares during the last quarter. Parnassus Investments CA lifted its position in shares of Thomson Reuters by 39.5% during the 2nd quarter. Parnassus Investments CA now owns 2,937,541 shares of the business services provider’s stock valued at $118,442,000 after buying an additional 832,502 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Thomson Reuters by 80.1% during the 2nd quarter. Toronto Dominion Bank now owns 1,845,888 shares of the business services provider’s stock valued at $74,758,000 after buying an additional 821,146 shares during the last quarter. Finally, Mawer Investment Management Ltd. raised its stake in shares of Thomson Reuters by 20.8% during the 2nd quarter. Mawer Investment Management Ltd. now owns 3,517,788 shares of the business services provider’s stock valued at $142,070,000 after purchasing an additional 604,871 shares during the period. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

TRI stock traded down $0.04 during midday trading on Friday, hitting $45.68. The company’s stock had a trading volume of 8,799,300 shares, compared to its average volume of 1,389,270. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.41. Thomson Reuters has a 1 year low of $36.52 and a 1 year high of $48.61. The stock has a market cap of $31.93 billion, a P/E ratio of 18.25, a P/E/G ratio of 12.83 and a beta of 0.68.

The company also recently declared a quarterly dividend, which was paid on Monday, September 17th. Stockholders of record on Thursday, August 16th were given a dividend of $0.345 per share. The ex-dividend date was Wednesday, August 15th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.02%. Thomson Reuters’s dividend payout ratio is presently 54.98%.

About Thomson Reuters

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

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