Thomson Reuters Co. (TSE:TRI) to Post Q2 2023 Earnings of $1.05 Per Share, National Bank Financial Forecasts

Thomson Reuters Co. (TSE:TRI – Get Rating) (NYSE:TRI) – Investment analysts at National Bank Financial issued their Q2 2023 earnings estimates for Thomson Reuters in a report issued on Tuesday, May 2nd. National Bank Financial analyst A. Shine expects that the company will post earnings of $1.05 per share for the quarter. The consensus estimate for Thomson Reuters’ current full-year earnings is $4.58 per share. National Bank Financial also issued estimates for Thomson Reuters’ Q3 2023 earnings at $1.05 EPS, Q4 2023 earnings at $1.28 EPS, FY2023 earnings at $4.49 EPS and FY2024 earnings at $5.09 EPS.

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A number of other analysts have also recently commented on TRI. TD Securities upped their price target on shares of Thomson Reuters from C$175.00 to C$185.00 and gave the company a “hold” rating in a research report on Wednesday. National Bankshares upped their price target on shares of Thomson Reuters from C$170.00 to C$184.00 and gave the company a “sector perform” rating in a research report on Wednesday. Finally, BMO Capital Markets upped their price target on shares of Thomson Reuters from C$182.00 to C$184.00 in a research report on Wednesday.

Thomson Reuters Stock Performance

Shares of Thomson Reuters stock opened at C$161.20 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 42.04. Thomson Reuters has a twelve month low of C$119.23 and a twelve month high of C$180.93. The stock has a market cap of C$76.06 billion, a price-to-earnings ratio of 41.44, a P/E/G ratio of 3.00 and a beta of 0.27. The company’s fifty day moving average is C$172.45 and its 200 day moving average is C$160.40.

Thomson Reuters (TSE:TRI – Get Rating) (NYSE:TRI) last issued its quarterly earnings data on Thursday, February 9th. The company reported C$0.99 earnings per share for the quarter, topping the consensus estimate of C$0.86 by C$0.13. Thomson Reuters had a net margin of 20.19% and a return on equity of 10.82%. The company had revenue of C$2.40 billion for the quarter, compared to analysts’ expectations of C$2.36 billion.

Thomson Reuters Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, May 18th will be given a dividend of $0.49 per share. The ex-dividend date is Wednesday, May 17th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.22%. Thomson Reuters’s dividend payout ratio (DPR) is presently 69.41%.

About Thomson Reuters

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Thomson Reuters Corporation provides 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.

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