Thomson Reuters Corp Expected to Earn Q4 2018 Earnings of $0.04 Per Share (TRI)
Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) – Equities research analysts at Piper Jaffray Companies reduced their Q4 2018 earnings per share (EPS) estimates for Thomson Reuters in a report issued on Tuesday, November 6th. Piper Jaffray Companies analyst P. Appert now forecasts that the company will post earnings of $0.04 per share for the quarter, down from their prior forecast of $0.21. Piper Jaffray Companies also issued estimates for Thomson Reuters’ Q1 2019 earnings at $0.45 EPS, Q2 2019 earnings at $0.33 EPS, Q4 2019 earnings at $0.49 EPS and FY2020 earnings at $2.55 EPS.
Several other brokerages also recently commented on TRI. BMO Capital Markets lifted their target price on shares of Thomson Reuters from C$65.00 to C$69.00 in a research note on Wednesday. National Bank Financial lifted their target price on shares of Thomson Reuters from C$67.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Wednesday. TD Securities lifted their target price 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, Berenberg Bank lifted their target price on shares of Thomson Reuters from C$42.00 to C$45.00 in a research note on Tuesday, July 31st.
Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its earnings results on Wednesday, August 8th. The company reported C$0.22 EPS for the quarter, topping the consensus estimate of C$0.14 by C$0.08. The firm had revenue of C$1.69 billion during the quarter, compared to analysts’ expectations of C$1.69 billion.
In other Thomson Reuters news, Director Vance A. Sider sold 88,548 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of C$45.56, for a total transaction of C$4,034,246.88.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.452 per share. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.45. This represents a $1.81 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Wednesday, November 14th. Thomson Reuters’s payout ratio is presently 82.54%.
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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