Thomson Reuters (TRI) to Release Quarterly Earnings on Tuesday

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI is scheduled to release its earnings data before the market opens on Tuesday, November 5th. Analysts expect Thomson Reuters to post earnings of $0.78 per share for the quarter. Thomson Reuters has set its FY 2024 guidance at EPS.Individual that are interested in registering for the company's earnings conference call can do so using this link.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data 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 return on equity of 15.22% and a net margin of 33.65%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the company posted $0.84 EPS. The business's quarterly revenue was up 5.6% compared to the same quarter last year. 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 0.1 %

NYSE TRI traded up $0.19 during trading on Tuesday, reaching $166.59. 289,527 shares of the company's stock were exchanged, compared to its average volume of 354,475. Thomson Reuters has a fifty-two week low of $118.54 and a fifty-two week high of $176.03. The firm has a market capitalization of $74.90 billion, a PE ratio of 31.70, a P/E/G ratio of 5.54 and a beta of 0.73. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The company's fifty day simple moving average is $168.83 and its 200-day simple moving average is $166.00.

Thomson Reuters Cuts Dividend

The firm also recently disclosed 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 of this dividend was Thursday, August 15th. This represents a $0.58 dividend on an annualized basis and a yield of 0.35%. Thomson Reuters's payout ratio is presently 41.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Thomson Reuters from $163.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Scotiabank raised Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $164.00 to $182.00 in a research note on Tuesday, August 27th. Royal Bank of Canada raised their price objective on Thomson Reuters from $168.00 to $171.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 23rd. Finally, National Bank Financial raised Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 9th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $173.73.

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.