National Bank Financial Comments on Thomson Reuters Corp’s FY2018 Earnings (TRI)

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) – Research analysts at National Bank Financial reduced their FY2018 earnings per share (EPS) estimates for Thomson Reuters in a report released on Tuesday, November 6th. National Bank Financial analyst A. Shine now forecasts that the business services provider will post earnings per share of $0.61 for the year, down from their prior estimate of $0.63. National Bank Financial currently has a “Buy” rating on the stock. National Bank Financial also issued estimates for Thomson Reuters’ FY2020 earnings at $1.98 EPS.

TRI has been the topic of a number of other reports. Morgan Stanley set a $53.00 price target on Thomson Reuters and gave the company a “buy” rating in a research report on Wednesday. Goldman Sachs Group initiated coverage on Thomson Reuters in a research report on Thursday, October 18th. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded Thomson Reuters from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Wednesday, October 17th. TD Securities reiterated a “buy” rating and issued a $69.00 price target on shares of Thomson Reuters in a research report on Wednesday. Finally, ValuEngine upgraded Thomson Reuters from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $50.00.

Shares of NYSE:TRI opened at $48.08 on Thursday. Thomson Reuters has a fifty-two week low of $36.52 and a fifty-two week high of $48.41. The firm has a market capitalization of $27.06 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 10.71 and a beta of 0.52. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.41.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Tuesday, November 6th. The business services provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. Thomson Reuters had a return on equity of 6.04% and a net margin of 16.21%. Thomson Reuters’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Wednesday, November 14th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.35. Thomson Reuters’s dividend payout ratio is presently 54.98%.

Several hedge funds have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Thomson Reuters by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,803,317 shares of the business services provider’s stock worth $402,135,000 after purchasing an additional 60,838 shares during the last quarter. Mawer Investment Management Ltd. grew its holdings in shares of Thomson Reuters by 20.8% during the second quarter. Mawer Investment Management Ltd. now owns 3,517,788 shares of the business services provider’s stock worth $142,070,000 after purchasing an additional 604,871 shares during the last quarter. Parnassus Investments CA grew its holdings in shares of Thomson Reuters by 39.5% during the second quarter. Parnassus Investments CA now owns 2,937,541 shares of the business services provider’s stock worth $118,442,000 after purchasing an additional 832,502 shares during the last quarter. FMR LLC grew its holdings in shares of Thomson Reuters by 596.2% during the third quarter. FMR LLC now owns 1,958,650 shares of the business services provider’s stock worth $89,376,000 after purchasing an additional 1,677,302 shares during the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of Thomson Reuters by 80.1% during the second quarter. Toronto Dominion Bank now owns 1,845,888 shares of the business services provider’s stock worth $74,758,000 after purchasing an additional 821,146 shares during the last quarter. Institutional investors own 28.18% of the company’s stock.

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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