Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) – Equities researchers at Piper Jaffray Companies cut their Q3 2019 earnings estimates for shares of Thomson Reuters in a research note issued to investors on Tuesday, December 4th. Piper Jaffray Companies analyst P. Appert now anticipates that the company will post earnings per share of $0.36 for the quarter, down from their prior estimate of $0.39. Piper Jaffray Companies also issued estimates for Thomson Reuters’ FY2019 earnings at $1.61 EPS and FY2020 earnings at $2.56 EPS.
Other equities research analysts also recently issued reports about the company. BMO Capital Markets boosted their price target on Thomson Reuters from C$69.00 to C$73.00 in a report on Wednesday. Berenberg Bank lowered their price target on Thomson Reuters from C$45.00 to C$44.00 in a report on Thursday, August 30th. TD Securities boosted their price target on Thomson Reuters from C$64.00 to C$68.00 and gave the company a “buy” rating in a report on Wednesday, October 10th. Finally, National Bank Financial boosted their price target on Thomson Reuters from C$69.00 to C$73.00 and gave the company an “outperform” rating in a report on Wednesday.
Shares of TSE TRI opened at C$68.15 on Thursday. Thomson Reuters has a twelve month low of C$46.69 and a twelve month high of C$68.70. The company has a quick ratio of 0.21, a current ratio of 2.45 and a debt-to-equity ratio of 58.70.
Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced 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 business had revenue of C$1.69 billion during the quarter, compared to analyst estimates of C$1.70 billion.
In related news, insider Brian Louis Scanlon sold 43,797 shares of the company’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of C$47.61, for a total transaction of C$2,085,175.17. Also, Director Vance A. Sider sold 88,548 shares of the company’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of C$45.56, for a total value of C$4,034,246.88. Insiders sold a total of 186,665 shares of company stock valued at $8,751,016 over the last quarter.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Thursday, November 15th will be issued a $0.452 dividend. This represents a $1.81 dividend on an annualized basis and a dividend yield of 2.65%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, November 14th. Thomson Reuters’s payout ratio 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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