Piper Jaffray Companies Analysts Cut Earnings Estimates for Thomson Reuters Corp (TRI)

Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) – Analysts at Piper Jaffray Companies lowered their Q2 2018 earnings estimates for Thomson Reuters in a research report issued to clients and investors on Thursday, June 14th. Piper Jaffray Companies analyst P. Appert now expects that the company will earn $0.14 per share for the quarter, down from their previous forecast of $0.19. Piper Jaffray Companies also issued estimates for Thomson Reuters’ Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $0.86 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.38 EPS, Q3 2019 earnings at $0.40 EPS, Q4 2019 earnings at $0.48 EPS, FY2019 earnings at $1.70 EPS and FY2020 earnings at $2.60 EPS.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Friday, May 11th. The company reported C$0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.48 by C($0.13). The firm had revenue of C$1.74 billion for the quarter, compared to analyst estimates of C$1.70 billion. Thomson Reuters had a return on equity of 8.57% and a net margin of 9.85%.

Other analysts have also issued research reports about the stock. Berenberg Bank lowered their price target on shares of Thomson Reuters from C$45.00 to C$42.00 in a report on Tuesday, May 22nd. National Bank Financial lowered their price target on shares of Thomson Reuters from C$60.00 to C$54.00 and set an “outperform” rating for the company in a report on Monday, May 14th.

Thomson Reuters opened at C$53.44 on Monday, according to Marketbeat Ratings. Thomson Reuters has a 1-year low of C$46.69 and a 1-year high of C$62.12.

In related news, Director Deirdre Stanley sold 7,296 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of C$40.55, for a total value of C$295,852.80. Also, Director Marc E. Gold sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of C$40.65, for a total transaction of C$650,400.00. In the last three months, insiders sold 32,000 shares of company stock valued at $1,296,572.

The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Thursday, May 17th were issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Wednesday, May 16th.

About Thomson Reuters

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.

Earnings History and Estimates for Thomson Reuters (TSE:TRI)

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