Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $2.40-2.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.35.
Several equities analysts have commented on TRI shares. Piper Jaffray Companies reissued a hold rating and issued a $50.00 price target on shares of Thomson Reuters Corp in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Thomson Reuters Corp from a sell rating to a hold rating and set a $53.00 price target for the company in a research report on Thursday, August 3rd. Scotiabank raised their price target on shares of Thomson Reuters Corp from $45.00 to $47.00 and gave the company a sector perform rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada raised their price target on shares of Thomson Reuters Corp from $45.00 to $47.00 and gave the company a sector perform rating in a research report on Wednesday, August 2nd. Finally, Deutsche Bank AG raised their price target on shares of Thomson Reuters Corp from $50.00 to $55.00 and gave the company a buy rating in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $49.83.
Shares of Thomson Reuters Corp (NYSE TRI) opened at 45.85 on Friday. The stock has a 50 day moving average of $46.30 and a 200-day moving average of $44.53. The firm has a market capitalization of $32.77 billion, a price-to-earnings ratio of 11.26 and a beta of 0.75. Thomson Reuters Corp has a one year low of $39.23 and a one year high of $48.57.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.09. The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.78 billion. Thomson Reuters Corp had a net margin of 26.81% and a return on equity of 13.64%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share. On average, equities analysts anticipate that Thomson Reuters Corp will post $2.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 17th will be paid a $0.345 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.38 annualized dividend and a dividend yield of 3.01%. Thomson Reuters Corp’s dividend payout ratio (DPR) is presently 33.91%.
Thomson Reuters Corp declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 24th that permits the company to repurchase 36,000,000 shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
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Thomson Reuters Corp Company Profile
Thomson Reuters Corporation (Thomson Reuters) is a 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 segment 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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