Quite a few research equities have predicted that the stocks of TRI would be reporting a sales sum of $1.49 billion for the quarter. According to a report, two of the analysts have also provided estimates into the earnings of the company. The sales reported by the company the previous year were $1.41 billion, which indicates an annual growth rate of about 5.7%. The company will be posting its next quarterly report on the 4th of August.
The Quarterly reports Of TRI
TRI previously posted their quarterly report on the 4th of May. The provider of business services had reported an EPS of $0.58 for the quarter, which was more than the consensus estimate of $0.42. The revenue generated by the company during this period was $1.58 billion, which was more than the consensus estimate of $1.56 billion. The return on equity for the company is 8.89%, with a net margin set at 98.69%.
There have been quite a few research equities that have commented on the stocks of TRI. The Royal Bank of Canada has already increased the price target of the company from $98 to $100 with a rating of outperform in a 3rd May research report. Canaccord Genuity has also increased the price target of the company from $95 to $102 with a rating of buy in a 5th May research report.
The Goldman Sachs Group has also put forward a rating of neutral with a price target of $88 in a 17th February research report. Morgan Stanley has also increased the price target of the company from $92 to $96 with a rating of equal weight in a 5th May research report.
Four of the research analysts have provided the company with a rating of hold, while six others have issued a rating of buy. Currently, TRI has a buy rating with a $109.90 price target.
