Thomson Reuters Corp (TRI) Scheduled to Post Quarterly Earnings on Wednesday
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Thomson Reuters Corp has set its FY17 guidance at $2.40-2.45 EPS.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.09. Thomson Reuters Corp had a return on equity of 13.64% and a net margin of 26.81%. The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same period last year, the company earned $0.50 EPS. Thomson Reuters Corp’s quarterly revenue was up .5% compared to the same quarter last year. On average, analysts expect Thomson Reuters Corp to post $2.43 EPS for the current fiscal year and $2.65 EPS for the next fiscal year.
Shares of Thomson Reuters Corp (NYSE TRI) opened at 47.49 on Wednesday. The company’s 50 day moving average price is $46.17 and its 200-day moving average price is $45.36. The company has a market capitalization of $33.94 billion, a price-to-earnings ratio of 11.66 and a beta of 0.75. Thomson Reuters Corp has a 52 week low of $39.23 and a 52 week high of $48.61.
COPYRIGHT VIOLATION NOTICE: This report was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/10/25/thomson-reuters-corp-tri-scheduled-to-post-quarterly-earnings-on-wednesday.html.
A number of research analysts have commented on the company. Morgan Stanley upped their price target on Thomson Reuters Corp from $51.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday. Credit Suisse Group assumed coverage on Thomson Reuters Corp in a research note on Tuesday. They set a “neutral” rating and a $52.00 price target on the stock. Piper Jaffray Companies restated a “hold” rating and set a $50.00 price target on shares of Thomson Reuters Corp in a research note on Thursday, August 3rd. Royal Bank Of Canada set a $45.00 price target on Thomson Reuters Corp and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, Scotiabank upgraded Thomson Reuters Corp from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $47.00 to $55.00 in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $51.92.
Thomson Reuters Corp Company Profile
Thomson Reuters Corporation (Thomson Reuters) is a Canada-based 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 unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
Receive News & Ratings for Thomson Reuters Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters Corp and related companies with MarketBeat.com's FREE daily email newsletter.