Thomson Reuters (TRI) Projected to Post Quarterly Earnings on Thursday

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI will likely be announcing its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.97 per share and revenue of $1.91 billion for the quarter. Thomson Reuters has set its FY 2024 guidance at EPS.Persons 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 results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. Thomson Reuters's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $0.82 EPS. 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 Performance

Shares of TRI stock traded up $2.12 during mid-day trading on Thursday, hitting $168.97. 271,352 shares of the stock were exchanged, compared to its average volume of 293,740. The stock's fifty day simple moving average is $162.95 and its two-hundred day simple moving average is $165.16. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. Thomson Reuters has a 12-month low of $148.16 and a 12-month high of $176.03. The stock has a market capitalization of $76.04 billion, a price-to-earnings ratio of 33.26, a P/E/G ratio of 5.18 and a beta of 0.72.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Thursday, November 21st. This is an increase from Thomson Reuters's previous quarterly dividend of $0.15. Thomson Reuters's dividend payout ratio (DPR) is currently 42.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TRI. Scotiabank lifted their target price on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a "sector outperform" rating in a report on Wednesday, November 6th. Royal Bank of Canada increased their price target on Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of Thomson Reuters from a "sell" rating to a "hold" rating in a research report on Wednesday, January 8th. Wells Fargo & Company assumed coverage on shares of Thomson Reuters in a research note on Tuesday, November 26th. They set an "equal weight" rating and a $165.00 price target on the stock. Finally, CIBC raised their price objective on shares of Thomson Reuters from $164.00 to $165.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $176.10.

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.