Thomson Reuters (TRI) Projected to Post Earnings on Thursday

Thomson Reuters (NYSE:TRI) (TSE:TRI) is projected to release its earnings data before the market opens on Thursday, February 6th. Analysts expect Thomson Reuters to post earnings of $0.97 per share and revenue of $1.91 billion for the quarter. Thomson Reuters has set its FY 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. Thomson Reuters’s revenue was up 8.2% compared to the same quarter last year. On average, analysts expect Thomson Reuters to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Thomson Reuters Price Performance

Shares of NYSE:TRI opened at $167.03 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The stock has a market cap of $75.16 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 5.18 and a beta of 0.72. The stock’s fifty day simple moving average is $162.82 and its two-hundred day simple moving average is $165.14. Thomson Reuters has a 1-year low of $148.16 and a 1-year high of $176.03.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were given a dividend of $0.54 per share. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Thursday, November 21st. Thomson Reuters’s dividend payout ratio (DPR) is presently 42.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TRI. Royal Bank of Canada upped their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Scotiabank lifted their price target on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. CIBC upped their price objective on Thomson Reuters from $164.00 to $165.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Finally, Wells Fargo & Company began coverage on Thomson Reuters in a research note on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 target price on the stock. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $176.10.

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.