Brokerages Anticipate Thomson Reuters Corp (TRI) to Announce $0.12 Earnings Per Share

Brokerages predict that Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) will report earnings per share (EPS) of $0.12 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Thomson Reuters’ earnings. The lowest EPS estimate is $0.10 and the highest is $0.15. Thomson Reuters posted earnings of $0.60 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 80%. The company is expected to issue its next quarterly earnings results on Tuesday, August 7th.

On average, analysts expect that Thomson Reuters will report full-year earnings of $0.70 per share for the current year, with EPS estimates ranging from $0.61 to $0.82. For the next year, analysts anticipate that the business will report earnings of $1.33 per share, with EPS estimates ranging from $1.16 to $1.54. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Thomson Reuters.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Friday, May 11th. The business services provider reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.30). The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $2.91 billion. Thomson Reuters had a net margin of 7.67% and a return on equity of 11.61%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 EPS.

A number of research firms recently weighed in on TRI. Piper Jaffray Companies upped their target price on shares of Thomson Reuters to $45.00 and gave the company a “neutral” rating in a research note on Thursday. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, April 24th. Zacks Investment Research raised shares of Thomson Reuters from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 5th. ValuEngine cut shares of Thomson Reuters from a “buy” rating to a “hold” rating in a research note on Wednesday, March 14th. Finally, Barclays lowered their target price on shares of Thomson Reuters from $48.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Friday, April 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.43.

Institutional investors have recently modified their holdings of the business. Elkfork Partners LLC bought a new stake in Thomson Reuters during the fourth quarter worth about $126,000. Cullen Frost Bankers Inc. bought a new stake in shares of Thomson Reuters during the first quarter valued at approximately $204,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Thomson Reuters by 40.4% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,338 shares of the business services provider’s stock valued at $206,000 after purchasing an additional 1,537 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Thomson Reuters during the first quarter valued at approximately $211,000. Finally, Allianz Asset Management GmbH bought a new stake in shares of Thomson Reuters during the fourth quarter valued at approximately $313,000. 24.54% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters traded up $0.27, reaching $41.06, on Friday, according to MarketBeat. The company’s stock had a trading volume of 143,638 shares, compared to its average volume of 1,128,052. The stock has a market cap of $29.18 billion, a P/E ratio of 16.31, a PEG ratio of 10.65 and a beta of 0.67. Thomson Reuters has a 52 week low of $36.52 and a 52 week high of $48.61. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.40.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 17th will be paid a dividend of $0.345 per share. The ex-dividend date is Wednesday, May 16th. This represents a $1.38 annualized dividend and a yield of 3.36%. Thomson Reuters’s dividend payout ratio is 54.98%.

About Thomson Reuters

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

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

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