Thomson Reuters (TSE:TRI) (NYSE:TRI) is set to release its earnings data before the market opens on Thursday, February 8th. Analysts expect Thomson Reuters to post earnings of C$0.71 per share for the quarter.
Thomson Reuters (TRI) opened at C$51.70 on Tuesday. The company has a market capitalization of $36,670.00, a P/E ratio of 28.10 and a beta of 0.28. Thomson Reuters has a 52-week low of C$50.87 and a 52-week high of C$62.83.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be given a dividend of $0.433 per share. This represents a $1.73 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Wednesday, February 21st. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.35. Thomson Reuters’s dividend payout ratio (DPR) is 74.73%.
Several research firms recently commented on TRI. National Bank Financial downgraded Thomson Reuters from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$68.00 to C$60.00 in a research report on Wednesday, January 31st. Royal Bank of Canada cut their target price on Thomson Reuters to C$60.50 and set a “sector perform” rating for the company in a research report on Thursday, November 2nd. TD Securities cut their target price on Thomson Reuters from C$65.00 to C$64.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. Finally, Scotiabank cut their target price on Thomson Reuters to C$69.00 and set an “outperform” rating for the company in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Thomson Reuters presently has a consensus rating of “Hold” and an average price target of C$62.25.
Thomson Reuters Company Profile
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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