Wall Street analysts forecast that Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) will announce sales of $2.82 billion for the current quarter, Zacks reports. Three analysts have issued estimates for Thomson Reuters Corp’s earnings, with the highest sales estimate coming in at $2.84 billion and the lowest estimate coming in at $2.79 billion. Thomson Reuters Corp reported sales of $2.74 billion in the same quarter last year, which indicates a positive year over year growth rate of 2.9%. The company is expected to issue its next earnings results before the market opens on Wednesday, November 1st.

On average, analysts expect that Thomson Reuters Corp will report full-year sales of $2.82 billion for the current fiscal year, with estimates ranging from $11.31 billion to $11.46 billion. For the next fiscal year, analysts anticipate that the business will post sales of $11.75 billion per share, with estimates ranging from $11.58 billion to $11.95 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Thomson Reuters Corp.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.60 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 business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same period in the previous year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis.

TRI has been the subject of a number of recent research reports. Zacks Investment Research lowered Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. Macquarie upgraded Thomson Reuters Corp to a “buy” rating and increased their target price for the company from $51.00 to $58.00 in a research note on Tuesday, October 3rd. Morgan Stanley reiterated an “equal weight” rating and issued a $49.00 target price (up previously from $48.00) on shares of Thomson Reuters Corp in a research note on Tuesday, July 18th. Scotiabank increased their target price on Thomson Reuters Corp from $45.00 to $47.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 2nd. Finally, TD Securities upgraded Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Thomson Reuters Corp currently has an average rating of “Hold” and a consensus price target of $51.92.

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Thomson Reuters Corp (NYSE TRI) opened at 47.36 on Friday. The firm has a market capitalization of $33.85 billion, a P/E ratio of 11.63 and a beta of 0.75. Thomson Reuters Corp has a 12 month low of $39.39 and a 12 month high of $48.61. The stock’s 50 day moving average price is $46.24 and its 200-day moving average price is $45.38.

Several hedge funds and other institutional investors have recently made changes to their positions in TRI. Ameriprise Financial Inc. lifted its holdings in shares of Thomson Reuters Corp by 7.0% in the 1st quarter. Ameriprise Financial Inc. now owns 35,514 shares of the business services provider’s stock worth $1,535,000 after purchasing an additional 2,312 shares during the last quarter. FMR LLC lifted its holdings in shares of Thomson Reuters Corp by 14.8% in the 1st quarter. FMR LLC now owns 1,910,742 shares of the business services provider’s stock worth $82,631,000 after purchasing an additional 246,007 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Thomson Reuters Corp by 10.7% in the 1st quarter. Teachers Advisors LLC now owns 356,056 shares of the business services provider’s stock worth $15,392,000 after purchasing an additional 34,508 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Thomson Reuters Corp by 9.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,392 shares of the business services provider’s stock worth $492,000 after purchasing an additional 985 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Thomson Reuters Corp by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 7,317,244 shares of the business services provider’s stock worth $316,324,000 after purchasing an additional 193,354 shares during the last quarter. 26.08% of the stock is currently owned by institutional investors and hedge funds.

About Thomson Reuters Corp

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.

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Earnings History and Estimates for Thomson Reuters Corp (NYSE:TRI)

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