Thomson Reuters Co. (NYSE:TRI – Get Rating) (TSE:TRI) – Equities researchers at National Bank Financial increased their FY2022 EPS estimates for Thomson Reuters in a note issued to investors on Monday, July 11th. National Bank Financial analyst A. Shine now expects that the business services provider will post earnings of $2.39 per share for the year, up from their prior 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.
Thomson Reuters (NYSE:TRI – Get Rating) (TSE:TRI) last announced its quarterly earnings results on Tuesday, May 3rd. The business services provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Thomson Reuters had a net margin of 25.77% and a return on equity of 6.83%. Thomson Reuters’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 earnings per share.
Other research analysts have also recently issued reports about the stock. StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Tuesday, May 17th. CIBC raised shares of Thomson Reuters from a “neutral” rating to a “sector outperform” rating in a research report on Tuesday, June 14th. Finally, Barclays reduced their target price on shares of Thomson Reuters from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Friday, July 1st. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.88.
Shares of TRI stock opened at $104.92 on Wednesday. The stock has a market cap of $51.11 billion, a price-to-earnings ratio of 31.23, a price-to-earnings-growth ratio of 3.20 and a beta of 0.53. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.26. Thomson Reuters has a fifty-two week low of $91.55 and a fifty-two week high of $123.60. The firm’s 50 day moving average price is $99.27 and its two-hundred day moving average price is $103.91.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Thursday, May 26th were issued a $0.445 dividend. The ex-dividend date of this dividend was Wednesday, May 25th. This represents a $1.78 annualized dividend and a yield of 1.70%. Thomson Reuters’s dividend payout ratio is presently 52.98%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp raised its holdings in Thomson Reuters by 67.3% in the first quarter. Mackenzie Financial Corp now owns 7,105,567 shares of the business services provider’s stock valued at $772,664,000 after acquiring an additional 2,859,546 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Thomson Reuters by 5.9% in the first quarter. The Manufacturers Life Insurance Company now owns 6,148,867 shares of the business services provider’s stock valued at $669,181,000 after acquiring an additional 340,895 shares in the last quarter. Vanguard Group Inc. raised its holdings in Thomson Reuters by 2.3% in the first quarter. Vanguard Group Inc. now owns 5,314,854 shares of the business services provider’s stock valued at $578,521,000 after acquiring an additional 118,225 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Thomson Reuters by 33.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,838,820 shares of the business services provider’s stock valued at $339,742,000 after acquiring an additional 706,875 shares in the last quarter. Finally, Fiera Capital Corp raised its holdings in Thomson Reuters by 5.9% in the first quarter. Fiera Capital Corp now owns 2,804,912 shares of the business services provider’s stock valued at $305,008,000 after acquiring an additional 155,405 shares in the last quarter. 21.17% of the stock is currently owned by hedge funds and other institutional investors.
About Thomson Reuters (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.
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