Analysts forecast that Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) will announce $2.94 billion in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Thomson Reuters’ earnings, with the lowest sales estimate coming in at $2.92 billion and the highest estimate coming in at $2.97 billion. Thomson Reuters reported sales of $2.86 billion during the same quarter last year, which indicates a positive year over year growth rate of 2.8%. The firm is expected to report its next earnings results on Thursday, February 8th.

On average, analysts expect that Thomson Reuters will report full-year sales of $2.94 billion for the current financial year, with estimates ranging from $11.30 billion to $11.35 billion. For the next financial year, analysts forecast that the business will report sales of $11.60 billion per share, with estimates ranging from $11.42 billion to $11.77 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Thomson Reuters.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Wednesday, November 1st. The business services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.10. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Thomson Reuters had a return on equity of 13.91% and a net margin of 27.20%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Thomson Reuters from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Piper Jaffray Companies restated a “hold” rating and issued a $50.00 target price on shares of Thomson Reuters in a research note on Tuesday, September 19th. Berenberg Bank set a $37.00 target price on Thomson Reuters and gave the stock a “sell” rating in a research note on Thursday, October 5th. Scotiabank upgraded Thomson Reuters 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 report on Tuesday, October 17th. Finally, Morgan Stanley reduced their price objective on Thomson Reuters from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $51.23.

Thomson Reuters (NYSE:TRI) opened at $44.28 on Tuesday. The firm has a market capitalization of $31,692.87, a PE ratio of 17.75, a price-to-earnings-growth ratio of 2.18 and a beta of 0.71. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.41. Thomson Reuters has a one year low of $42.22 and a one year high of $48.61.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.345 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.38 annualized dividend and a dividend yield of 3.12%. Thomson Reuters’s dividend payout ratio (DPR) is presently 33.09%.

Several institutional investors have recently made changes to their positions in TRI. CIBC World Markets Inc. boosted its holdings in Thomson Reuters by 112.8% during the 2nd quarter. CIBC World Markets Inc. now owns 4,066,504 shares of the business services provider’s stock valued at $188,238,000 after acquiring an additional 2,155,229 shares during the period. FMR LLC boosted its holdings in Thomson Reuters by 73.8% during the 2nd quarter. FMR LLC now owns 3,320,519 shares of the business services provider’s stock valued at $153,736,000 after acquiring an additional 1,409,777 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Thomson Reuters by 70.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,827,001 shares of the business services provider’s stock valued at $130,862,000 after acquiring an additional 1,164,780 shares during the period. Point72 Asset Management L.P. purchased a new stake in Thomson Reuters during the 3rd quarter valued at about $41,447,000. Finally, Mackenzie Financial Corp boosted its holdings in Thomson Reuters by 223.5% during the 3rd quarter. Mackenzie Financial Corp now owns 1,123,906 shares of the business services provider’s stock valued at $51,565,000 after acquiring an additional 776,445 shares during the period. Hedge funds and other institutional investors own 24.56% of the company’s stock.

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Thomson Reuters Company Profile

Thomson Reuters Corp (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 (NYSE:TRI)

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