Thomson Reuters (NYSE:TRI – Get Free Report) (TSE:TRI) is scheduled to be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.93 per share for the quarter. Thomson Reuters has set its FY 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.
Thomson Reuters (NYSE:TRI – Get Free Report) (TSE:TRI) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.06. Thomson Reuters had a net margin of 39.67% and a return on equity of 14.01%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the firm posted $0.76 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. 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 0.6 %
Shares of TRI stock opened at $152.67 on Thursday. Thomson Reuters has a 12-month low of $117.46 and a 12-month high of $161.57. The company has a market capitalization of $68.92 billion, a P/E ratio of 26.14, a P/E/G ratio of 3.98 and a beta of 0.65. The firm has a 50-day moving average price of $155.77 and a 200 day moving average price of $145.09. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.26.
Thomson Reuters Increases Dividend
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on TRI. Scotiabank lifted their price target on shares of Thomson Reuters from $142.00 to $159.00 and gave the company a “sector perform” rating in a report on Friday, February 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $153.00 price objective on shares of Thomson Reuters in a research report on Wednesday, March 13th. CIBC raised their price objective on shares of Thomson Reuters from $146.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Barclays upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $150.00 to $180.00 in a research report on Thursday, March 14th. Finally, TD Securities raised their price objective on shares of Thomson Reuters from $210.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, March 13th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters currently has a consensus rating of “Hold” and an average price target of $157.42.
View Our Latest Stock Report on TRI
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.
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