Thomson Reuters Corp Expected to Post Q4 2019 Earnings of $0.38 Per Share (TRI)

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) – Equities researchers at Piper Jaffray Companies raised their Q4 2019 earnings per share estimates for shares of Thomson Reuters in a research report issued on Wednesday, August 8th. Piper Jaffray Companies analyst P. Appert now forecasts that the business services provider will post earnings of $0.38 per share for the quarter, up from their prior estimate of $0.37. Piper Jaffray Companies currently has a “Neutral” rating and a $45.00 price target on the stock.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Wednesday, August 8th. The business services provider reported $0.17 EPS for the quarter, beating the Zacks’ 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 company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. Thomson Reuters’s quarterly revenue was up 2.4% compared to the same quarter last year.



A number of other equities analysts also recently commented on TRI. National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, April 24th. ValuEngine downgraded Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. Royal Bank of Canada reduced their price objective on Thomson Reuters from $47.00 to $44.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 9th. Canaccord Genuity upgraded Thomson Reuters from a “hold” rating to a “buy” rating in a research report on Monday, May 14th. Finally, Scotiabank reduced their price objective on Thomson Reuters from $49.00 to $43.00 and set an “outperform” rating for the company in a research report on Monday, May 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $44.92.

TRI stock traded down $0.94 during midday trading on Monday, reaching $41.91. The company had a trading volume of 26,005 shares, compared to its average volume of 1,025,589. The company has a quick ratio of 3.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.41. Thomson Reuters has a fifty-two week low of $36.52 and a fifty-two week high of $48.61. The company has a market cap of $29.75 billion, a P/E ratio of 17.07, a PEG ratio of 11.77 and a beta of 0.65.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Thursday, August 16th will be given a dividend of $0.345 per share. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $1.38 annualized dividend and a dividend yield of 3.29%. Thomson Reuters’s dividend payout ratio is presently 54.98%.

Several hedge funds and other institutional investors have recently modified their holdings of TRI. Massachusetts Financial Services Co. MA boosted its position in shares of Thomson Reuters by 210.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,742,479 shares of the business services provider’s stock worth $352,496,000 after buying an additional 5,923,592 shares during the period. CIBC World Markets Inc. lifted its position in Thomson Reuters by 36.1% in the first quarter. CIBC World Markets Inc. now owns 3,478,599 shares of the business services provider’s stock worth $134,448,000 after purchasing an additional 923,398 shares during the period. Parnassus Investments CA lifted its position in Thomson Reuters by 39.5% in the second quarter. Parnassus Investments CA now owns 2,937,541 shares of the business services provider’s stock worth $118,442,000 after purchasing an additional 832,502 shares during the period. Toronto Dominion Bank lifted its position in Thomson Reuters by 80.1% in the second quarter. Toronto Dominion Bank now owns 1,845,888 shares of the business services provider’s stock worth $74,758,000 after purchasing an additional 821,146 shares during the period. Finally, Mawer Investment Management Ltd. lifted its position in Thomson Reuters by 20.8% in the second quarter. Mawer Investment Management Ltd. now owns 3,517,788 shares of the business services provider’s stock worth $142,070,000 after purchasing an additional 604,871 shares during the period. Institutional investors and hedge funds own 25.52% of the company’s stock.

Thomson Reuters Company Profile

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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Earnings History and Estimates for Thomson Reuters (NYSE:TRI)

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