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 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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