Thomson Reuters Corp (NYSE: TRI) has reported E.P.S. of $1.87 for its second fiscal quarter (ending June 30) versus $1.89 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $5.14 versus $4.39 for the same period a year ago.
Recent Price Action
Thomson Reuters Corp (NYSE: TRI) stock declined modestly by -1.9% on 8/1/24. The stock closed at $158.87. Moreover, trading volume in this decline was exceptionally high at 222% of normal. The stock has been strong relative to the market over the last nine months but has declined -2.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TRI is expected to continue to be a major Value Builder.
Thomson Reuters has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Thomson Reuters has a very low Appreciation Score of 9 but a good Power Rating of 73, producing the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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