Brokerages expect Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) to announce earnings of $0.36 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Thomson Reuters’ earnings. The highest EPS estimate is $0.38 and the lowest is $0.33. Thomson Reuters reported earnings per share of $0.27 in the same quarter last year, which would suggest a positive year over year growth rate of 33.3%. The company is scheduled to issue its next quarterly earnings results on Thursday, October 29th.

According to Zacks, analysts expect that Thomson Reuters will report full year earnings of $1.78 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.85. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.96 per share, with EPS estimates ranging from $1.82 to $2.05. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Thomson Reuters.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Wednesday, August 5th. The business services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Thomson Reuters had a net margin of 27.01% and a return on equity of 8.49%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 earnings per share.

A number of analysts have recently issued reports on TRI shares. Royal Bank of Canada raised their price objective on Thomson Reuters from $79.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. TD Securities upgraded Thomson Reuters from a “hold” rating to a “buy” rating in a research note on Wednesday, August 5th. Zacks Investment Research cut shares of Thomson Reuters from a “buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Scotiabank increased their price objective on shares of Thomson Reuters from $71.00 to $72.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $83.10.

Thomson Reuters stock opened at $77.73 on Thursday. The stock has a 50-day simple moving average of $75.13 and a 200 day simple moving average of $69.84. The stock has a market capitalization of $38.60 billion, a P/E ratio of 24.37, a PEG ratio of 3.51 and a beta of 0.51. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.41 and a current ratio of 1.41. Thomson Reuters has a 52 week low of $52.23 and a 52 week high of $82.50.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Thursday, August 20th were given a $0.38 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.96%. Thomson Reuters’s payout ratio is presently 117.83%.

Large investors have recently added to or reduced their stakes in the stock. AlphaCrest Capital Management LLC boosted its holdings in Thomson Reuters by 55.9% in the 1st quarter. AlphaCrest Capital Management LLC now owns 14,895 shares of the business services provider’s stock valued at $1,011,000 after purchasing an additional 5,341 shares during the period. BlackRock Inc. raised its position in shares of Thomson Reuters by 46.0% in the first quarter. BlackRock Inc. now owns 131,361 shares of the business services provider’s stock valued at $8,914,000 after buying an additional 41,412 shares in the last quarter. US Bancorp DE boosted its stake in shares of Thomson Reuters by 118.4% in the first quarter. US Bancorp DE now owns 18,190 shares of the business services provider’s stock valued at $1,235,000 after buying an additional 9,863 shares during the period. APG Asset Management N.V. acquired a new stake in Thomson Reuters during the first quarter worth approximately $6,747,000. Finally, Squarepoint Ops LLC bought a new position in Thomson Reuters during the 1st quarter worth $412,000. 20.02% of the stock is currently owned by institutional investors and hedge funds.

About Thomson Reuters

Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.

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