FY2024 EPS Estimate for Thomson Reuters Decreased by Analyst

Thomson Reuters Co. (TSE:TRI - Free Report) NYSE: TRI - Stock analysts at National Bank Financial lowered their FY2024 earnings per share estimates for shares of Thomson Reuters in a report issued on Tuesday, November 5th. National Bank Financial analyst A. Shine now expects that the company will earn $5.22 per share for the year, down from their previous forecast of $5.28. National Bank Financial currently 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.

A number of other research firms have also issued reports on TRI. Scotiabank raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 27th. BMO Capital Markets boosted their target price on shares of Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday. National Bankshares upped their price target on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the company a "sector perform" rating in a report on Friday, August 2nd. Finally, TD Securities lifted their price objective on Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$197.50.

Thomson Reuters Stock Performance

Shares of TRI stock traded up C$0.50 during mid-day trading on Friday, reaching C$234.03. The stock had a trading volume of 205,158 shares, compared to its average volume of 311,759. Thomson Reuters has a 1-year low of C$177.83 and a 1-year high of C$242.92. The firm has a market cap of C$105.25 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 3.64 and a beta of 0.40. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05. The business's fifty day moving average is C$230.59 and its 200-day moving average is C$227.45.

Insider Activity at Thomson Reuters

In other news, Senior Officer Kirsty Roth sold 5,310 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$234.93, for a total transaction of C$1,247,459.18. In related news, Senior Officer Kirsty Roth sold 5,310 shares of the company's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$234.93, for a total transaction of C$1,247,459.18. Also, Director Caroline Rogge sold 339 shares of the firm's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$235.35, for a total transaction of C$79,782.97. Insiders sold a total of 11,711 shares of company stock worth $2,755,571 in the last 90 days. Corporate insiders own 69.76% of the company's stock.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.73 per share. The ex-dividend date is Thursday, November 21st. This is a boost from Thomson Reuters's previous quarterly dividend of $0.20. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.25%. Thomson Reuters's dividend payout ratio (DPR) is 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.