National Bank Financial Analysts Boost Earnings Estimates for Thomson Reuters Corp (TRI)
Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) – Stock analysts at National Bank Financial lifted their FY2019 earnings per share (EPS) estimates for shares of Thomson Reuters in a research report issued to clients and investors on Wednesday. National Bank Financial analyst A. Shine now forecasts that the company will post earnings of $3.51 per share for the year, up from their previous forecast of $3.50. National Bank Financial has a “Sector Perform” rating and a $60.00 price target on the stock.
Other equities research analysts also recently issued research reports about the company. TD Securities lowered their price target on Thomson Reuters from C$65.00 to C$64.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Scotiabank upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a C$69.00 price target on the stock in a research report on Tuesday, October 17th. Finally, Royal Bank of Canada lowered their price target on Thomson Reuters to C$60.50 and set a “sector perform” rating on the stock in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of C$62.25.
In related news, insider Woodbridge Company Limited The acquired 1,778 shares of the firm’s stock in a transaction dated Thursday, November 23rd. The shares were purchased at an average price of C$56.55 per share, for a total transaction of C$100,545.90.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 22nd will be issued a $0.433 dividend. The ex-dividend date is Wednesday, February 21st. This represents a $1.73 annualized dividend and a dividend yield of 3.40%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.35. Thomson Reuters’s payout ratio is currently 74.73%.
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About Thomson Reuters
Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
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