FY2024 EPS Estimate for Thomson Reuters Decreased by Analyst

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) – Equities researchers at National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for shares of Thomson Reuters in a report released on Tuesday, November 5th. National Bank Financial analyst A. Shine now expects that the company will post earnings per share of $5.22 for the year, down from their prior forecast of $5.28. National Bank Financial 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.

TRI has been the topic of several other reports. Scotiabank raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. National Bankshares increased their price target on Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. BMO Capital Markets increased their price target on Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday. Finally, TD Securities increased their price target on Thomson Reuters from C$235.00 to C$250.00 in a research report on Wednesday. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Thomson Reuters presently has a consensus rating of “Moderate Buy” and an average price target of C$197.50.

Thomson Reuters Stock Performance

Shares of TRI stock opened at C$233.53 on Friday. The business has a fifty day moving average of C$230.59 and a 200 day moving average of C$227.45. The firm has a market capitalization of C$105.02 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. Thomson Reuters has a 1 year low of C$176.41 and a 1 year high of C$242.92.

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%.

Insider Activity

In other news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$235.62, for a total transaction of C$1,428,328.44. In related news, Senior Officer Mary Alice Vuicic sold 6,062 shares of Thomson Reuters stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$235.62, for a total value of C$1,428,328.44. Also, Senior Officer Kirsty Roth sold 5,310 shares of Thomson Reuters stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$234.93, for a total value of C$1,247,459.18. Insiders have sold 11,711 shares of company stock worth $2,755,571 in the last ninety days. Company insiders own 69.76% of the company’s stock.

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.