$0.57 EPS Expected for Thomson Reuters Corp (TRI) This Quarter

Analysts predict that Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) will announce $0.57 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Thomson Reuters Corp’s earnings. The lowest EPS estimate is $0.56 and the highest is $0.59. Thomson Reuters Corp posted earnings of $0.54 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.6%. The firm is expected to report its next earnings results before the market opens on Wednesday, November 1st.

On average, analysts expect that Thomson Reuters Corp will report full-year earnings of $2.43 per share for the current year, with EPS estimates ranging from $2.41 to $2.45. For the next fiscal year, analysts expect that the business will report earnings of $2.65 per share, with EPS estimates ranging from $2.60 to $2.80. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Thomson Reuters Corp.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.78 billion. Thomson Reuters Corp had a return on equity of 13.64% and a net margin of 26.81%. Thomson Reuters Corp’s revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share.

A number of equities analysts have weighed in on the company. Royal Bank Of Canada boosted their price objective on Thomson Reuters Corp from $45.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 2nd. Macquarie raised Thomson Reuters Corp to a “buy” rating and boosted their price objective for the stock from $51.00 to $58.00 in a research note on Tuesday, October 3rd. Piper Jaffray Companies reissued a “hold” rating and set a $50.00 price objective on shares of Thomson Reuters Corp in a research note on Thursday, August 3rd. Berenberg Bank set a $37.00 price objective on Thomson Reuters Corp and gave the stock a “sell” rating in a research note on Thursday. Finally, Canaccord Genuity set a $47.00 price objective on Thomson Reuters Corp and gave the stock a “hold” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $51.00.

Shares of Thomson Reuters Corp (TRI) traded down 0.011% during mid-day trading on Friday, reaching $45.975. The company had a trading volume of 129,894 shares. Thomson Reuters Corp has a 1-year low of $39.23 and a 1-year high of $48.57. The company has a market capitalization of $33.43 billion, a PE ratio of 11.118 and a beta of 0.75. The stock’s 50-day moving average price is $45.70 and its 200 day moving average price is $45.01.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 17th were paid a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Tuesday, August 15th. Thomson Reuters Corp’s dividend payout ratio (DPR) is presently 33.91%.

Institutional investors have recently made changes to their positions in the company. Huntington National Bank acquired a new position in shares of Thomson Reuters Corp in the 2nd quarter valued at $106,000. ETF Managers Group LLC acquired a new position in shares of Thomson Reuters Corp in the 2nd quarter valued at $127,000. Omnia Family Wealth LLC lifted its stake in shares of Thomson Reuters Corp by 0.3% in the 2nd quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 10 shares during the last quarter. Beach Investment Management LLC. acquired a new position in shares of Thomson Reuters Corp in the 2nd quarter valued at $203,000. Finally, Laurel Wealth Advisors Inc. acquired a new position in shares of Thomson Reuters Corp in the 1st quarter valued at $216,000. 26.15% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This report was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://ledgergazette.com/2017/10/09/0-57-eps-expected-for-thomson-reuters-corp-tri-this-quarter.html.

About Thomson Reuters Corp

Thomson Reuters Corporation (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.

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On average, analysts expect that Thomson Reuters Corp will report full-year earnings of $2.43 per share for the current year, with EPS estimates ranging from $2.41 to $2.45. For the next fiscal year, analysts expect that the business will report earnings of $2.65 per share, with EPS estimates ranging from $2.60 to $2.80. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Thomson Reuters Corp.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.78 billion. Thomson Reuters Corp had a return on equity of 13.64% and a net margin of 26.81%. Thomson Reuters Corp’s revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share.

A number of equities analysts have weighed in on the company. Royal Bank Of Canada boosted their price objective on Thomson Reuters Corp from $45.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 2nd. Macquarie raised Thomson Reuters Corp to a “buy” rating and boosted their price objective for the stock from $51.00 to $58.00 in a research note on Tuesday, October 3rd. Piper Jaffray Companies reissued a “hold” rating and set a $50.00 price objective on shares of Thomson Reuters Corp in a research note on Thursday, August 3rd. Berenberg Bank set a $37.00 price objective on Thomson Reuters Corp and gave the stock a “sell” rating in a research note on Thursday. Finally, Canaccord Genuity set a $47.00 price objective on Thomson Reuters Corp and gave the stock a “hold” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $51.00.

Shares of Thomson Reuters Corp (TRI) traded down 0.011% during mid-day trading on Friday, reaching $45.975. The company had a trading volume of 129,894 shares. Thomson Reuters Corp has a 1-year low of $39.23 and a 1-year high of $48.57. The company has a market capitalization of $33.43 billion, a PE ratio of 11.118 and a beta of 0.75. The stock’s 50-day moving average price is $45.70 and its 200 day moving average price is $45.01.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 17th were paid a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Tuesday, August 15th. Thomson Reuters Corp’s dividend payout ratio (DPR) is presently 33.91%.

Institutional investors have recently made changes to their positions in the company. Huntington National Bank acquired a new position in shares of Thomson Reuters Corp in the 2nd quarter valued at $106,000. ETF Managers Group LLC acquired a new position in shares of Thomson Reuters Corp in the 2nd quarter valued at $127,000. Omnia Family Wealth LLC lifted its stake in shares of Thomson Reuters Corp by 0.3% in the 2nd quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 10 shares during the last quarter. Beach Investment Management LLC. acquired a new position in shares of Thomson Reuters Corp in the 2nd quarter valued at $203,000. Finally, Laurel Wealth Advisors Inc. acquired a new position in shares of Thomson Reuters Corp in the 1st quarter valued at $216,000. 26.15% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This report was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://ledgergazette.com/2017/10/09/0-57-eps-expected-for-thomson-reuters-corp-tri-this-quarter.html.

About Thomson Reuters Corp

Thomson Reuters Corporation (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of 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 Corp (NYSE:TRI)

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