Wall Street analysts expect Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) to post earnings of $0.05 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Thomson Reuters’ earnings. The highest EPS estimate is $0.06 and the lowest is $0.03. Thomson Reuters posted earnings per share of $0.68 during the same quarter last year, which would indicate a negative year over year growth rate of 92.6%. The business is expected to issue its next quarterly earnings results on Wednesday, November 7th.

On average, analysts expect that Thomson Reuters will report full-year earnings of $0.64 per share for the current financial year, with EPS estimates ranging from $0.63 to $0.65. For the next fiscal year, analysts expect that the business will post earnings of $1.26 per share, with EPS estimates ranging from $1.12 to $1.43. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Thomson Reuters.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Wednesday, August 8th. The business services provider reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. Thomson Reuters had a return on equity of 9.17% and a net margin of 14.15%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share.

TRI has been the subject of a number of research analyst reports. Canaccord Genuity restated a “buy” rating and issued a $50.00 target price on shares of Thomson Reuters in a research report on Wednesday. Zacks Investment Research upgraded Thomson Reuters from a “strong sell” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Sunday, July 15th. Barclays cut their target price on Thomson Reuters from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, May 14th. ValuEngine upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Monday, May 14th. Finally, Bank of America cut their target price on Thomson Reuters from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Monday, May 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $45.58.

Large investors have recently made changes to their positions in the company. Janus Henderson Group PLC raised its stake in Thomson Reuters by 1.7% during the 2nd quarter. Janus Henderson Group PLC now owns 76,281 shares of the business services provider’s stock valued at $3,083,000 after purchasing an additional 1,304 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in Thomson Reuters by 40.4% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,338 shares of the business services provider’s stock valued at $206,000 after purchasing an additional 1,537 shares during the period. BB&T Securities LLC raised its stake in Thomson Reuters by 0.6% during the 1st quarter. BB&T Securities LLC now owns 271,068 shares of the business services provider’s stock valued at $10,477,000 after purchasing an additional 1,639 shares during the period. Natixis raised its stake in Thomson Reuters by 6.4% during the 1st quarter. Natixis now owns 32,242 shares of the business services provider’s stock valued at $1,246,000 after purchasing an additional 1,928 shares during the period. Finally, LPL Financial LLC raised its stake in Thomson Reuters by 32.0% during the 1st quarter. LPL Financial LLC now owns 9,896 shares of the business services provider’s stock valued at $382,000 after purchasing an additional 2,400 shares during the period. Institutional investors own 22.64% of the company’s stock.

TRI opened at $44.96 on Tuesday. The company has a market capitalization of $31.25 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 12.60 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.31 and a quick ratio of 2.31. Thomson Reuters has a 1-year low of $36.52 and a 1-year high of $48.61.

The business 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 dividend on an annualized basis and a dividend yield of 3.07%. Thomson Reuters’s dividend payout ratio (DPR) is presently 54.98%.

About Thomson Reuters

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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