Thomson Reuters Co. (TSE:TRI) to Post Q2 2024 Earnings of $1.01 Per Share, National Bank Financial Forecasts

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) – Analysts at National Bank Financial dropped their Q2 2024 EPS estimates for shares of Thomson Reuters in a report issued on Thursday, May 2nd. National Bank Financial analyst A. Shine now anticipates that the company will post earnings of $1.01 per share for the quarter, down from their previous estimate of $1.13. National Bank Financial has a “Underperform Underweight” rating on the stock. The consensus estimate for Thomson Reuters’ current full-year earnings is $5.05 per share. National Bank Financial also issued estimates for Thomson Reuters’ Q3 2024 earnings at $1.04 EPS, Q4 2024 earnings at $1.22 EPS and FY2026 earnings at $6.23 EPS.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its earnings results on Thursday, February 8th. The company reported C$1.34 earnings per share for the quarter, beating the consensus estimate of C$1.25 by C$0.09. The business had revenue of C$2.47 billion during the quarter, compared to analysts’ expectations of C$2.52 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 20.18%.

TRI has been the subject of a number of other reports. BMO Capital Markets raised their price objective on Thomson Reuters from C$211.00 to C$222.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Canaccord Genuity Group lifted their price objective on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. CIBC raised their target price on shares of Thomson Reuters from C$138.00 to C$146.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. National Bankshares upped their price target on shares of Thomson Reuters from C$217.00 to C$219.00 in a research note on Friday, May 3rd. Finally, TD Securities raised their price objective on shares of Thomson Reuters from C$225.00 to C$230.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters presently has an average rating of “Hold” and an average price target of C$183.33.

Thomson Reuters Stock Up 0.3 %

Shares of TRI stock opened at C$229.08 on Monday. Thomson Reuters has a 52-week low of C$160.72 and a 52-week high of C$230.26. The company has a debt-to-equity ratio of 36.91, a quick ratio of 0.52 and a current ratio of 0.97. The stock has a market cap of C$103.30 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 3.64 and a beta of 0.38. The firm’s 50-day moving average is C$212.00 and its 200-day moving average is C$199.68.

Insider Activity at Thomson Reuters

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 600 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. In other Thomson Reuters news, Director Linda Walker sold 4,750 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of C$156.75, for a total value of C$744,562.50. Also, Senior Officer David Franklin Wong sold 600 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. 69.49% of the stock is currently owned by insiders.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be paid a $0.73 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Wednesday, May 15th. Thomson Reuters’s dividend payout ratio (DPR) is presently 41.69%.

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.