Thomson Reuters (TRI) to Release Earnings on Thursday

Thomson Reuters (NYSE:TRI) (TSE:TRI) is scheduled to issue its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. Thomson Reuters had a net margin of 34.87% and a return on equity of 15.47%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, analysts expect Thomson Reuters to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Thomson Reuters Trading Down 0.9 %

TRI stock opened at $160.66 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.97 and a quick ratio of 0.97. The company has a fifty day moving average price of $167.78 and a two-hundred day moving average price of $160.31. Thomson Reuters has a one year low of $117.46 and a one year high of $176.03. The stock has a market cap of $72.24 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 6.18 and a beta of 0.72.

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 16th were given a $0.54 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.34%. Thomson Reuters’s payout ratio is presently 40.57%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TRI shares. Canaccord Genuity Group increased their price target on Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. CIBC increased their price target on Thomson Reuters from $152.00 to $156.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. increased their price target on Thomson Reuters from $152.00 to $163.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. UBS Group increased their price target on Thomson Reuters from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, Canaccord Genuity Group increased their price target on Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $170.64.

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.