Thomson Reuters Corp (TRI) Expected to Post Quarterly Sales of $1.52 Billion

Equities research analysts expect Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) to post $1.52 billion in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Thomson Reuters’ earnings, with the lowest sales estimate coming in at $1.51 billion and the highest estimate coming in at $1.54 billion. Thomson Reuters reported sales of $2.94 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 48.3%. The business is expected to announce its next earnings report on Thursday, February 14th.

On average, analysts expect that Thomson Reuters will report full-year sales of $5.51 billion for the current fiscal year, with estimates ranging from $5.49 billion to $5.52 billion. For the next year, analysts anticipate that the business will post sales of $5.92 billion, with estimates ranging from $5.89 billion to $5.95 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Thomson Reuters.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. Thomson Reuters had a net margin of 16.21% and a return on equity of 6.10%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 EPS.

TRI has been the subject of a number of recent analyst reports. Morgan Stanley set a $51.00 price target on shares of Thomson Reuters and gave the company a “buy” rating in a research report on Monday, October 15th. Goldman Sachs Group assumed coverage on shares of Thomson Reuters in a research report on Thursday, October 18th. They issued a “neutral” rating for the company. Canaccord Genuity lowered shares of Thomson Reuters from a “buy” rating to a “hold” rating and upped their target price for the stock from $50.00 to $52.00 in a research report on Wednesday, December 5th. TD Securities reiterated a “buy” rating and issued a $69.00 target price on shares of Thomson Reuters in a research report on Wednesday, November 7th. Finally, Barclays reiterated a “hold” rating and issued a $55.00 target price on shares of Thomson Reuters in a research report on Sunday, December 9th. One equities 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. The stock has an average rating of “Hold” and an average target price of $52.91.

TRI opened at $48.91 on Friday. The firm has a market cap of $24.04 billion, a PE ratio of 17.72, a PEG ratio of 4.19 and a beta of 0.54. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.39. Thomson Reuters has a one year low of $36.52 and a one year high of $51.74.

Large investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its stake in Thomson Reuters by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,803,317 shares of the business services provider’s stock worth $402,135,000 after purchasing an additional 60,838 shares during the last quarter. Vanguard Group Inc. lifted its stake in Thomson Reuters by 2.6% in the third quarter. Vanguard Group Inc. now owns 7,307,472 shares of the business services provider’s stock worth $333,806,000 after purchasing an additional 182,469 shares during the last quarter. Vanguard Group Inc lifted its stake in Thomson Reuters by 2.6% in the third quarter. Vanguard Group Inc now owns 7,307,472 shares of the business services provider’s stock worth $333,806,000 after purchasing an additional 182,469 shares during the last quarter. Morgan Stanley lifted its stake in Thomson Reuters by 562.2% in the third quarter. Morgan Stanley now owns 5,318,579 shares of the business services provider’s stock worth $242,953,000 after purchasing an additional 4,515,466 shares during the last quarter. Finally, FMR LLC lifted its stake in Thomson Reuters by 596.2% in the third quarter. FMR LLC now owns 1,958,650 shares of the business services provider’s stock worth $89,376,000 after purchasing an additional 1,677,302 shares during the last quarter. Institutional investors own 33.43% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers 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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