$0.05 Earnings Per Share Expected for Thomson Reuters Corp (TRI) This Quarter
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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Thomson Reuters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters and related companies with MarketBeat.com's FREE daily email newsletter.