Thomson Reuters (TRI) Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Thomson Reuters in the last twelve months. There are currently 1 sell rating, 11 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TRI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRI, but not buy additional shares or sell existing shares.
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14 analysts have issued 12 month price targets for Thomson Reuters' stock. Their TRI share price forecasts range from $115.00 to $192.00. On average, they anticipate the company's share price to reach $148.62 in the next year. This suggests a possible upside of 12.5% from the stock's current price.
View analysts price targets for TRI or view top-rated stocks among Wall Street analysts.

Thomson Reuters' stock was trading at $114.07 on January 1st, 2023. Since then, TRI stock has increased by 15.8% and is now trading at $132.12.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our TRI earnings forecast.

Thomson Reuters Co. (NYSE:TRI) issued its quarterly earnings results on Wednesday, August, 2nd. The business services provider reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.07. The business services provider earned $1.65 billion during the quarter, compared to analysts' expectations of $1.66 billion. Thomson Reuters had a net margin of 32.12% and a trailing twelve-month return on equity of 11.91%.

Thomson Reuters announced a quarterly dividend on Wednesday, August 2nd. Stockholders of record on Thursday, August 17th will be paid a dividend of $0.49 per share on Friday, September 15th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, August 16th. This is a boost from the stock's previous quarterly dividend of $0.36.
Read our dividend analysis for TRI.

Thomson Reuters (NYSE:TRI) pays an annual dividend of $2.03 per share and currently has a dividend yield of 1.54%. The dividend payout ratio is 43.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRI will have a dividend payout ratio of 55.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TRI.

Thomson Reuters updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $6.83 billion-$6.86 billion, compared to the consensus revenue estimate of $6.84 billion.

113 employees have rated Thomson Reuters Chief Executive Officer Steve Hasker on Glassdoor.com. Steve Hasker has an approval rating of 95% among the company's employees. This puts Steve Hasker in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Thomson Reuters investors own include Johnson & Johnson (JNJ), Verizon Communications (VZ), Bank of America (BAC), Intel (INTC), Walmart (WMT), Cisco Systems (CSCO), AT&T (T), Target (TGT), AbbVie (ABBV) and Broadcom (AVGO).

Thomson Reuters trades on the New York Stock Exchange (NYSE) under the ticker symbol "TRI."

Thomson Reuters' stock is owned by a number of retail and institutional investors. Top institutional investors include Mackenzie Financial Corp (1.17%), Jarislowsky Fraser Ltd (1.09%), The Manufacturers Life Insurance Company (0.85%), Fiera Capital Corp (0.64%), TD Asset Management Inc (0.63%) and Clearbridge Investments LLC (0.24%).

Shares of TRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TRI stock can currently be purchased for approximately $132.12.

Thomson Reuters (NYSE:TRI) has a market capitalization of $59.99 billion and generates $6.63 billion in revenue each year. The business services provider earns $1.34 billion in net income (profit) each year or $4.6490 on an earnings per share basis.

The company employs 25,200 workers across the globe.

Thomson Reuters' mailing address is 333 BAY STREET SUITE 400, TORONTO A6, M5H 2R2. The official website for the company is www.thomsonreuters.com. The business services provider can be reached via phone at (647) 480-7000, via email at investor.relations@thomsonreuters.com, or via fax at 416-360-8812.