Thomson Reuters Corp (TRI) Releases FY17 Earnings Guidance

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.40-2.45 for the period, compared to the Thomson Reuters consensus estimate of $2.45.

A number of research firms have weighed in on TRI. Scotiabank raised their price objective on shares of Thomson Reuters Corp from $45.00 to $47.00 and gave the company a sector perform rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada raised their price objective on shares of Thomson Reuters Corp from $45.00 to $47.00 and gave the company a sector perform rating in a research note on Wednesday, August 2nd. Deutsche Bank AG raised their price objective on shares of Thomson Reuters Corp from $50.00 to $55.00 and gave the company a buy rating in a research note on Wednesday, August 2nd. Morgan Stanley raised their price objective on shares of Thomson Reuters Corp from $51.00 to $52.00 and gave the company an equal weight rating in a research note on Monday, October 23rd. Finally, Credit Suisse Group began coverage on shares of Thomson Reuters Corp in a research note on Tuesday, October 24th. They issued a neutral rating and a $52.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $51.69.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.10. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Thomson Reuters Corp had a return on equity of 13.64% and a net margin of 26.81%. Thomson Reuters Corp’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the company earned $0.54 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 16th will be given a $0.345 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.38 dividend on an annualized basis and a yield of 2.95%. Thomson Reuters Corp’s dividend payout ratio is presently 33.91%.

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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.

Earnings History and Estimates for Thomson Reuters Corp (NYSE:TRI)

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