FY2025 EPS Estimates for Thomson Reuters Co. Increased by National Bank Financial (NYSE:TRI)

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) – Equities researchers at National Bank Financial raised their FY2025 earnings per share estimates for Thomson Reuters in a research note issued on Monday, April 22nd. National Bank Financial analyst A. Shine now forecasts that the business services provider will post earnings per share of $4.07 for the year, up from their previous estimate of $4.06. National Bank Financial currently has a “Sector Perform” rating on the stock. The consensus estimate for Thomson Reuters’ current full-year earnings is $3.58 per share.

Several other equities research analysts have also recently issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $153.00 target price on shares of Thomson Reuters in a research note on Wednesday, March 13th. Scotiabank lifted their price objective on Thomson Reuters from $142.00 to $159.00 and gave the company a “sector perform” rating in a research note on Friday, February 9th. TD Securities lifted their price objective on Thomson Reuters from $210.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, March 13th. Barclays upgraded Thomson Reuters from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $150.00 to $180.00 in a report on Thursday, March 14th. Finally, CIBC lifted their target price on Thomson Reuters from $146.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $157.42.

Thomson Reuters Price Performance

TRI stock opened at $154.44 on Thursday. The business has a fifty day moving average of $155.53 and a two-hundred day moving average of $145.34. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.26. The stock has a market cap of $69.72 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 3.97 and a beta of 0.65. Thomson Reuters has a 52-week low of $117.46 and a 52-week high of $161.57.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.92 by $0.06. Thomson Reuters had a return on equity of 14.01% and a net margin of 39.67%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the firm earned $0.76 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis.

Institutional Trading of Thomson Reuters

A number of institutional investors have recently bought and sold shares of TRI. Trust Co. of Vermont purchased a new stake in shares of Thomson Reuters in the 3rd quarter valued at about $27,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Thomson Reuters in the 3rd quarter valued at about $28,000. Pacifica Partners Inc. lifted its holdings in shares of Thomson Reuters by 162.0% in the 4th quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 149 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Thomson Reuters in the 4th quarter valued at about $37,000. Finally, GPS Wealth Strategies Group LLC purchased a new stake in shares of Thomson Reuters in the 4th quarter valued at about $38,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Wednesday, February 21st were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.40%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Tuesday, February 20th. Thomson Reuters’s payout ratio is 36.99%.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.