FY2024 EPS Estimate for Thomson Reuters Cut by Analyst

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) – Equities researchers at National Bank Financial decreased their FY2024 EPS estimates for shares of Thomson Reuters in a research report issued to clients and investors on Tuesday, November 5th. National Bank Financial analyst A. Shine now anticipates that the company will earn $5.22 per share for the year, down from their prior estimate of $5.28. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Thomson Reuters’ current full-year earnings is $5.64 per share. National Bank Financial also issued estimates for Thomson Reuters’ Q4 2024 earnings at $1.41 EPS, FY2025 earnings at $5.37 EPS and FY2026 earnings at $6.00 EPS.

Other equities analysts also recently issued reports about the company. National Bankshares increased their target price on Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. BMO Capital Markets raised their target price on Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday. TD Securities upped their price target on shares of Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday. Finally, Scotiabank upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$197.50.

Thomson Reuters Trading Up 0.2 %

TSE TRI opened at C$234.03 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05. The stock has a market capitalization of C$105.25 billion, a P/E ratio of 33.01, a P/E/G ratio of 3.64 and a beta of 0.40. Thomson Reuters has a 52-week low of C$177.83 and a 52-week high of C$242.92. The firm has a 50-day moving average price of C$230.84 and a 200 day moving average price of C$227.77.

Insiders Place Their Bets

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 2,417 shares of Thomson Reuters stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of C$165.58, for a total transaction of C$400,206.86. In other news, Director Caroline Rogge sold 339 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$235.35, for a total transaction of C$79,782.97. Also, Senior Officer David Franklin Wong sold 2,417 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of C$165.58, for a total value of C$400,206.86. Insiders sold a total of 14,128 shares of company stock worth $3,155,777 over the last ninety days. 69.76% of the stock is currently owned by company insiders.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.73 per share. The ex-dividend date is Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.20. This represents a $2.92 dividend on an annualized basis and a yield of 1.25%. Thomson Reuters’s dividend payout ratio is currently 41.33%.

About Thomson Reuters

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.