National Bank Financial Comments on Thomson Reuters Co.’s Q1 2024 Earnings (TSE:TRI)

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) – Equities research analysts at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for Thomson Reuters in a report issued on Monday, April 22nd. National Bank Financial analyst A. Shine forecasts that the company will post earnings of $1.33 per share for the quarter. National Bank Financial currently has a “Underperform Underweight” rating on the stock. The consensus estimate for Thomson Reuters’ current full-year earnings is $4.95 per share. National Bank Financial also issued estimates for Thomson Reuters’ Q2 2024 earnings at $1.13 EPS, Q3 2024 earnings at $1.07 EPS and Q4 2024 earnings at $1.28 EPS.

Other analysts have also recently issued reports about the company. BMO Capital Markets boosted their price target on Thomson Reuters from C$211.00 to C$222.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Canaccord Genuity Group boosted their price target on Thomson Reuters from C$147.00 to C$149.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Royal Bank of Canada boosted their price target 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. TD Securities boosted their price target on Thomson Reuters from C$210.00 to C$225.00 and gave the stock a “hold” rating in a research report on Wednesday, March 13th. Finally, National Bankshares cut Thomson Reuters from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$210.00 to C$217.00 in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Thomson Reuters currently has a consensus rating of “Hold” and a consensus price target of C$182.56.

Thomson Reuters Stock Down 0.4 %

Thomson Reuters stock opened at C$209.09 on Wednesday. The stock has a market capitalization of C$94.37 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 3.64 and a beta of 0.38. Thomson Reuters has a 12 month low of C$159.25 and a 12 month high of C$217.83. The business has a 50 day simple moving average of C$211.51 and a 200-day simple moving average of C$196.62. The company has a debt-to-equity ratio of 32.01, a current ratio of 0.90 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Thursday, February 8th. The company reported C$1.34 EPS for the quarter, beating analysts’ consensus estimates of C$1.25 by C$0.09. The business had revenue of C$2.47 billion during the quarter, compared to analysts’ expectations of C$2.52 billion. Thomson Reuters had a return on equity of 23.06% and a net margin of 39.67%.

Insiders Place Their Bets

In other news, Senior Officer David Franklin Wong sold 600 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of C$158.99, for a total value of C$95,392.80. In other news, Director Linda Walker sold 4,750 shares of the company’s stock in a transaction 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. Also, Senior Officer David Franklin Wong sold 600 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. 69.49% of the stock is currently owned by corporate insiders.

Thomson Reuters Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Tuesday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is currently 37.36%.

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.