Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) will be issuing its quarterly earnings data before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Thomson Reuters Corp has set its FY17 guidance at $2.40-2.45 EPS.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.09. The business had revenue of $2.78 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. On average, analysts expect Thomson Reuters Corp to post $2.43 EPS for the current fiscal year and $2.65 EPS for the next fiscal year.
Shares of Thomson Reuters Corp (TRI) traded up 0.09% during mid-day trading on Monday, reaching $47.06. The company had a trading volume of 136,703 shares. Thomson Reuters Corp has a one year low of $39.39 and a one year high of $48.61. The company has a 50 day moving average price of $46.33 and a 200 day moving average price of $45.42. The company has a market capitalization of $33.63 billion, a price-to-earnings ratio of 11.56 and a beta of 0.75.
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Several equities analysts recently issued reports on TRI shares. TD Securities raised Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research cut Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research report on Saturday, September 2nd. Royal Bank Of Canada set a $45.00 price target on Thomson Reuters Corp and gave the company a “hold” rating in a report on Thursday, July 27th. BidaskClub cut Thomson Reuters Corp from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $49.00 price target (up from $48.00) on shares of Thomson Reuters Corp in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Thomson Reuters Corp has a consensus rating of “Hold” and a consensus target price of $51.92.
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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