Thomson Reuters (TRI) to Release Earnings on Thursday

Thomson Reuters (NYSE:TRI) (TSE:TRI) is expected to be announcing its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.97 per share and revenue of $1.91 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the firm posted $0.82 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. On average, analysts expect Thomson Reuters to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $169.20 on Tuesday. The stock has a market capitalization of $76.14 billion, a price-to-earnings ratio of 33.31, a PEG ratio of 5.31 and a beta of 0.73. Thomson Reuters has a 52-week low of $148.28 and a 52-week high of $176.03. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s 50 day moving average price is $163.23 and its two-hundred day moving average price is $165.22.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TRI shares. CIBC raised their price target on shares of Thomson Reuters from $164.00 to $165.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Scotiabank raised their target price on Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research note on Wednesday, November 6th. Wells Fargo & Company assumed coverage on Thomson Reuters in a research note on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 price target on the stock. StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada upped their target price on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Thomson Reuters presently has an average rating of “Hold” and a consensus target price of $176.10.

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.