FY2024 EPS Estimate for Thomson Reuters Decreased by Analyst

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) – Investment analysts at National Bank Financial cut their FY2024 earnings estimates for shares of Thomson Reuters in a report issued on Tuesday, November 5th. National Bank Financial analyst A. Shine now expects that the company will post earnings per share of $5.22 for the year, down from their prior forecast of $5.28. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Thomson Reuters’ current full-year earnings is $5.64 per share. National Bank Financial also issued estimates for Thomson Reuters’ Q4 2024 earnings at $1.41 EPS, FY2025 earnings at $5.37 EPS and FY2026 earnings at $6.00 EPS.

Other research analysts have also issued reports about the stock. National Bankshares raised their target price on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. TD Securities lifted their price target on shares of Thomson Reuters from C$235.00 to C$250.00 in a research report on Wednesday. Scotiabank raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, BMO Capital Markets lifted their price target on shares of Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$197.50.

Thomson Reuters Trading Up 0.7 %

TRI opened at C$233.53 on Friday. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. The company’s 50 day simple moving average is C$230.59 and its two-hundred day simple moving average is C$227.45. Thomson Reuters has a 1-year low of C$176.41 and a 1-year high of C$242.92. The firm has a market capitalization of C$105.02 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40.

Insider Activity at Thomson Reuters

In related news, Senior Officer Mary Alice Vuicic sold 6,062 shares of Thomson Reuters stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$235.62, for a total value of C$1,428,328.44. In other Thomson Reuters news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$235.62, for a total value of C$1,428,328.44. Also, Director Caroline Rogge sold 339 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$235.35, for a total transaction of C$79,782.97. In the last quarter, insiders sold 11,711 shares of company stock worth $2,755,571. Insiders own 69.76% of the company’s stock.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, November 21st. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.20. Thomson Reuters’s dividend payout ratio (DPR) is 41.33%.

About Thomson Reuters

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.