Thomson Reuters (TRI) Set to Announce Quarterly Earnings on Tuesday

Thomson Reuters (NYSE:TRI) (TSE:TRI) is scheduled to be announcing its earnings results before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Thomson Reuters has set its FY 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the firm earned $0.84 EPS. Thomson Reuters’s revenue was up 5.6% on a year-over-year basis. On average, analysts expect Thomson Reuters to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Thomson Reuters Stock Up 1.0 %

TRI stock opened at $166.44 on Tuesday. Thomson Reuters has a 52 week low of $118.54 and a 52 week high of $176.03. The company has a market capitalization of $74.83 billion, a price-to-earnings ratio of 31.70, a price-to-earnings-growth ratio of 5.54 and a beta of 0.73. The firm’s 50-day moving average is $168.83 and its two-hundred day moving average is $166.00. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16.

Thomson Reuters Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.146 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.35%. Thomson Reuters’s dividend payout ratio (DPR) is 41.14%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TRI shares. JPMorgan Chase & Co. boosted their price target on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Scotiabank upgraded shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $164.00 to $182.00 in a report on Tuesday, August 27th. Royal Bank of Canada boosted their target price on shares of Thomson Reuters from $168.00 to $171.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Finally, National Bank Financial upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, September 9th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Thomson Reuters has a consensus rating of “Hold” and a consensus target price of $173.73.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of 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.