Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) – Equities researchers at National Bank Financial dropped their Q4 2017 earnings per share estimates for Thomson Reuters Corp in a research report issued to clients and investors on Wednesday. National Bank Financial analyst A. Shine now forecasts that the company will earn $0.70 per share for the quarter, down from their prior estimate of $0.83. National Bank Financial has a “Outperform” rating and a $69.00 price target on the stock. National Bank Financial also issued estimates for Thomson Reuters Corp’s FY2018 earnings at $3.37 EPS and FY2019 earnings at $3.68 EPS.
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A number of other research firms have also recently commented on TRI. TD Securities decreased their price target on Thomson Reuters Corp from C$65.00 to C$64.00 and set a “buy” rating on the stock in a research note on Thursday. Royal Bank Of Canada decreased their price target on Thomson Reuters Corp to C$60.50 and set a “sector perform” rating on the stock in a research note on Thursday. Finally, Scotiabank upped their price target on Thomson Reuters Corp to C$47.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Thomson Reuters Corp currently has an average rating of “Buy” and an average price target of C$63.79.
Thomson Reuters Corp (TRI) opened at C$56.89 on Monday. Thomson Reuters Corp has a 52-week low of C$54.69 and a 52-week high of C$62.83.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Wednesday, November 15th.
In other Thomson Reuters Corp news, Director Peter Warwick sold 91,156 shares of the company’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of C$45.87, for a total transaction of C$4,181,325.72.
About Thomson Reuters Corp
Thomson Reuters Corp (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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