Thomson Reuters Co. (TSE:TRI) Expected to Earn Q1 2021 Earnings of $0.54 Per Share

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) – Stock analysts at National Bank Financial issued their Q1 2021 earnings per share (EPS) estimates for shares of Thomson Reuters in a research note issued on Wednesday, April 14th. National Bank Financial analyst A. Shine expects that the company will post earnings per share of $0.54 for the quarter. National Bank Financial currently has a “Outperform” rating and a $122.00 price objective on the stock. National Bank Financial also issued estimates for Thomson Reuters’ Q3 2021 earnings at $0.60 EPS, Q4 2021 earnings at $0.71 EPS and FY2021 earnings at $2.47 EPS.

Several other equities research analysts also recently issued reports on the company. Bank of America dropped their price objective on Thomson Reuters from C$126.00 to C$124.00 in a report on Thursday, January 7th. TD Securities lifted their price objective on Thomson Reuters from C$120.00 to C$125.00 and gave the stock a “buy” rating in a report on Wednesday, February 24th. BMO Capital Markets boosted their price target on Thomson Reuters from C$116.00 to C$127.00 in a report on Wednesday, February 24th. Finally, Royal Bank of Canada boosted their price target on Thomson Reuters to C$92.00 and gave the company an “outperform” rating in a report on Monday, February 22nd.

Shares of TSE:TRI opened at C$115.16 on Friday. The company has a debt-to-equity ratio of 40.86, a quick ratio of 1.36 and a current ratio of 1.50. Thomson Reuters has a one year low of C$89.89 and a one year high of C$115.67. The business’s 50-day simple moving average is C$111.14 and its 200 day simple moving average is C$106.76. The company has a market cap of C$56.99 billion and a P/E ratio of 51.27.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its earnings results on Tuesday, February 23rd. The company reported C$0.70 EPS for the quarter, beating the consensus estimate of C$0.59 by C$0.11. The company had revenue of C$2.11 billion for the quarter, compared to analysts’ expectations of C$2.09 billion.

In other Thomson Reuters news, Director Marc E. Gold sold 6,657 shares of the business’s stock in a transaction on Tuesday, March 23rd. The stock was sold at an average price of C$117.27, for a total transaction of C$780,667.19. Following the completion of the transaction, the director now owns 145 shares in the company, valued at approximately C$17,004.17. Also, Director Sean Cannizzaro sold 1,400 shares of the business’s stock in a transaction on Tuesday, March 16th. The stock was sold at an average price of C$116.46, for a total value of C$163,049.04. Following the completion of the sale, the director now directly owns 1,030 shares in the company, valued at approximately C$119,957.51. Insiders have sold a total of 14,962 shares of company stock valued at $1,740,970 in the last quarter.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 17th. Shareholders of record on Friday, March 5th were given a dividend of $0.405 per share. The ex-dividend date was Thursday, March 4th. This represents a $1.62 dividend on an annualized basis and a yield of 1.41%. Thomson Reuters’s dividend payout ratio (DPR) is presently 67.68%.

About Thomson Reuters

Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.

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

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