Economy

Thomson Reuters Corp (TRI) Issues Earnings Results, Beats Expectations By $0.10 EPS

Thomson Reuters Corp (TRI) Issues Earnings Results, Beats Expectations By $0.10 EPS”

Investment analysts at National Bank Financial raised their Q4 2017 earnings per share (EPS) estimates for shares of Thomson Reuters Corp in a research report issued to clients and investors on Sunday. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. The stock presently has an average rating of "Hold" and a consensus price target of $51.92.

Additionally, here are a few investment firms who have increased or decreased their stake in (TRI).

Thomson Reuters Corporation (TRI) closed its day with loss -0.38% and ended at the price of $46.84.

Let's take a look at how the stock has been performing recently.

Thomson Reuters Corp Ordinary S recently declared a dividend that was paid on Fri Sep 15, 2017. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. On average, equities research analysts predict that Thomson Reuters Corp will post $2.45 earnings per share for the current fiscal year. Thomson Reuters Corp updated its FY17 guidance to $2.40-2.45 EPS. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and worldwide trademark & copyright laws.

Andra Ap-fonden cut its ownership by shedding 4,438 shares a decrease of 1.7% as of 09/30/2017.

It is trading at $44.32 a tad below the 50 day moving average of $46.40 and just a bit lower than the 200 day moving average of $45.50. The firm has a market capitalization of $33.48 billion, a P/E ratio of 11.50 and a beta of 0.75. The 50 day moving average was down $-2.08 or -4.49% whereas the 200 day moving average was down $-1.18 or -2.59%. The ex-dividend date was Tuesday the 15th of August 2017. Shareholders of record on Thursday, November 16th will be given a $0.345 dividend.

In terms of Thomson Reuters' operating income for Q3 2017, the figure has yielded a profit of $467 million - this represents a jump of 21 percent year-over-year from $385 million in Q3 2016. Scotiabank upped their price target on shares of Thomson Reuters Corp from $45.00 to $47.00 and gave the company a "sector perform" rating in a report on Wednesday, August 2nd. Also, insider Stephane Bello sold 78,800 shares of the company's stock in a transaction on Thursday, August 3rd. Over the last week of the month, it was -1.37%, -1.43% over the last quarter, and 5.73% for the past six months.

Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets.

Revenues by segment: Financial & Risk, $1.54B (up 2%); Legal, $843M (up 1%); Tax & Accounting, $341M (up 6%); Corporate and other, including News, $73M (flat).



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