Thomson Reuters Co. (NYSE:TRI – Get Rating) (TSE:TRI) – Stock analysts at National Bank Financial upped their FY2022 earnings per share (EPS) estimates for Thomson Reuters in a note issued to investors on Monday, July 11th. National Bank Financial analyst A. Shine now forecasts that the business services provider will post earnings per share of $2.39 for the year, up from their previous forecast of $2.38. The consensus estimate for Thomson Reuters’ current full-year earnings is $2.45 per share. National Bank Financial also issued estimates for Thomson Reuters’ Q4 2022 earnings at $0.68 EPS and FY2023 earnings at $3.51 EPS.
Several other research firms have also recently issued reports on TRI. CIBC raised Thomson Reuters from a “neutral” rating to a “sector outperform” rating in a research note on Tuesday, June 14th. Barclays decreased their target price on Thomson Reuters from $125.00 to $115.00 and set an “equal weight” rating for the company in a research note on Friday, July 1st. Finally, StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Tuesday, May 17th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.88.
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}!
When you start getting paid 26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on your money, your financial problems tend to pretty much evaporate.
NYSE:TRI opened at $105.24 on Wednesday. Thomson Reuters has a 1 year low of $91.55 and a 1 year high of $123.60. The stock has a market cap of $51.26 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 3.20 and a beta of 0.53. The business has a fifty day moving average of $99.12 and a 200-day moving average of $103.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.01 and a current ratio of 1.01. Thomson Reuters (NYSE:TRI – Get Rating) (TSE:TRI) last released its quarterly earnings results on Tuesday, May 3rd. The business services provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. Thomson Reuters had a return on equity of 6.83{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 25.77{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the prior year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was up 5.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Thursday, May 26th were paid a $0.445 dividend. The ex-dividend date of this dividend was Wednesday, May 25th. This represents a $1.78 dividend on an annualized basis and a yield of 1.69{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Thomson Reuters’s dividend payout ratio is currently 52.98{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.
A number of institutional investors and hedge funds have recently modified their holdings of TRI. Mackenzie Financial Corp increased its stake in Thomson Reuters by 67.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 1st quarter. Mackenzie Financial Corp now owns 7,105,567 shares of the business services provider’s stock worth $772,664,000 after purchasing an additional 2,859,546 shares in the last quarter. Norges Bank purchased a new position in Thomson Reuters in the 4th quarter worth about $191,514,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Thomson Reuters by 33.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,838,820 shares of the business services provider’s stock worth $339,742,000 after purchasing an additional 706,875 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Thomson Reuters by 5,493.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 492,364 shares of the business services provider’s stock worth $53,441,000 after purchasing an additional 483,561 shares in the last quarter. Finally, AGF Investments Inc. increased its stake in Thomson Reuters by 105.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 1st quarter. AGF Investments Inc. now owns 938,895 shares of the business services provider’s stock worth $101,937,000 after purchasing an additional 481,546 shares in the last quarter. 21.17{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by hedge funds and other institutional investors.
Thomson Reuters Company Profile (Get Rating)
Thomson Reuters Corporation provides 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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Should you invest $1,000 in Thomson Reuters right now?
Before you consider Thomson Reuters, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Thomson Reuters wasn’t on the list.
While Thomson Reuters currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here
