Piper Jaffray Companies Research Analysts Lower Earnings Estimates for Thomson Reuters Corp (TRI)
Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) – Analysts at Piper Jaffray Companies dropped their FY2018 EPS estimates for shares of Thomson Reuters in a report released on Tuesday, December 4th. Piper Jaffray Companies analyst P. Appert now expects that the company will post earnings of $0.80 per share for the year, down from their prior estimate of $0.88. Piper Jaffray Companies also issued estimates for Thomson Reuters’ Q4 2018 earnings at $0.04 EPS, Q1 2019 earnings at $0.45 EPS, Q2 2019 earnings at $0.33 EPS and Q4 2019 earnings at $0.49 EPS.
Other research analysts have also recently issued reports about the stock. BMO Capital Markets raised their price objective on shares of Thomson Reuters from C$69.00 to C$73.00 in a research note on Wednesday. Berenberg Bank dropped their price objective on shares of Thomson Reuters from C$45.00 to C$44.00 in a research note on Thursday, August 30th. TD Securities raised their price objective on shares of Thomson Reuters from C$64.00 to C$68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 10th. Finally, National Bank Financial raised their price objective on shares of Thomson Reuters from C$69.00 to C$73.00 and gave the stock an “outperform” rating in a research note on Wednesday.
Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its earnings results on Tuesday, November 6th. The company reported C$0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.06 by C$0.09. The company had revenue of C$1.69 billion during the quarter, compared to analysts’ expectations of C$1.70 billion.
In other Thomson Reuters news, Director Stephen J. Adler sold 15,000 shares of Thomson Reuters stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of C$47.65, for a total value of C$714,750.00. Also, Director Vance A. Sider sold 88,548 shares of Thomson Reuters stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of C$45.56, for a total transaction of C$4,034,246.88. Over the last three months, insiders have sold 186,665 shares of company stock valued at $8,751,016.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.452 per share. This represents a $1.81 dividend on an annualized basis and a dividend yield of 2.65%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, November 14th. Thomson Reuters’s dividend payout ratio (DPR) is 106.08%.
About Thomson Reuters
Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.
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