Thomson Reuters (NYSE:TRI) (TSE:TRI) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $6.19 billion-$6.22 billion.
A number of equities analysts have issued reports on the stock. Morgan Stanley raised their price target on shares of Thomson Reuters from $92.00 to $96.00 and gave the stock an equal weight rating in a research report on Tuesday. CIBC raised their price target on shares of Thomson Reuters from $95.00 to $102.00 and gave the stock a neutral rating in a research report on Monday. The Goldman Sachs Group assumed coverage on shares of Thomson Reuters in a research report on Wednesday, February 17th. They set a neutral rating and a $88.00 price target for the company. National Bank Financial raised shares of Thomson Reuters from a sector perform rating to an outperform rating and raised their price target for the stock from $111.00 to $115.00 in a research report on Friday, January 15th. Finally, Scotiabank raised their price target on shares of Thomson Reuters from $122.00 to $128.00 and gave the stock an outperform rating in a research report on Wednesday, May 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $107.70.
Shares of NYSE:TRI traded up $0.43 during trading on Thursday, hitting $94.18. 585,824 shares of the stock traded hands, compared to its average volume of 494,777. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.39. The company has a market cap of $46.67 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 3.15 and a beta of 0.47. The company has a fifty day moving average price of $91.84 and a two-hundred day moving average price of $84.91. Thomson Reuters has a 52-week low of $64.47 and a 52-week high of $99.14.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Thursday, May 20th will be issued a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, May 19th. Thomson Reuters’s payout ratio is presently 88.37%.
Thomson Reuters Company Profile
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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