FY2024 EPS Estimate for Thomson Reuters Decreased by Analyst

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) – Stock analysts at National Bank Financial decreased their FY2024 EPS estimates for Thomson Reuters in a research report issued to clients and investors on Thursday, January 16th. National Bank Financial analyst A. Shine now anticipates that the business services provider will earn $3.76 per share for the year, down from their previous forecast of $3.78. The consensus estimate for Thomson Reuters’ current full-year earnings is $3.69 per share. National Bank Financial also issued estimates for Thomson Reuters’ Q4 2024 earnings at $1.00 EPS and FY2025 earnings at $3.87 EPS.

A number of other brokerages have also recently weighed in on TRI. CIBC raised their price objective on shares of Thomson Reuters from $164.00 to $165.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Royal Bank of Canada lifted their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Scotiabank boosted their target price on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company started coverage on shares of Thomson Reuters in a report on Tuesday, November 26th. They issued an “equal weight” rating and a $165.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $176.10.

Thomson Reuters Trading Up 0.8 %

Shares of Thomson Reuters stock opened at $159.37 on Monday. Thomson Reuters has a 12-month low of $148.08 and a 12-month high of $176.03. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The stock has a market cap of $71.71 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 4.89 and a beta of 0.72. The company has a 50-day moving average of $163.04 and a two-hundred day moving average of $165.35.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the company posted $0.82 earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s dividend payout ratio (DPR) is 42.52%.

Institutional Trading of Thomson Reuters

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in Thomson Reuters by 0.8% during the 3rd quarter. FMR LLC now owns 7,209,202 shares of the business services provider’s stock worth $1,229,716,000 after purchasing an additional 57,854 shares during the last quarter. Fiera Capital Corp increased its stake in shares of Thomson Reuters by 1.0% in the 3rd quarter. Fiera Capital Corp now owns 2,684,883 shares of the business services provider’s stock valued at $458,559,000 after acquiring an additional 27,714 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Thomson Reuters by 11.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider’s stock valued at $439,665,000 after acquiring an additional 255,387 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of Thomson Reuters by 9.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,458,700 shares of the business services provider’s stock valued at $245,893,000 after acquiring an additional 125,167 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in shares of Thomson Reuters by 115.7% in the 3rd quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider’s stock valued at $164,292,000 after acquiring an additional 516,715 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

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.