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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Thomson Reuters Corporation    TRI   CA8849037095

THOMSON REUTERS CORPORATION

(TRI)
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Delayed Quote. Delayed Toronto Stock Exchange - 03/05 04:35:58 pm
109.32 CAD   +0.11%
03/04THOMSON REUTERS CORPORATION : Ex-dividend day for
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03/01THOMSON REUTERS  : Credit Suisse on Thomson Reuters
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02/25THOMSON REUTERS  : to Host Investor Day 2021
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Thomson Reuters : to Transition From Content Provider to Content-Driven Technology Company

02/23/2021 | 07:17am EST

By Dave Sebastian

Thomson Reuters Corp. said it plans to transition into an operating company from a holding entity and to enhance its technology focus, as part of a two-year roadmap to streamline the company.

The program, expected to run from 2021 to 2022, could require an investment of $500 million to $600 million, the Toronto-based news and information company said Tuesday. The company said it expects the program to grow organic revenue by 5% to 6% in 2023, including additional annual revenues of $100 million.

Thomson Reuters said it sees operating-expense savings of $600 million, a third of which it expects to reinvest in growth initiatives, in 2023. It said it is targeting to reduce capital expenditures as a percentage of revenue to between 6% and 6.5%. The company expects to achieve an adjusted earnings before interest, taxes, depreciation and amortization margin of 38% to 40% and free cash flow of $1.8 billion to $2 billion.

The transition would take the company from a content provider to a content-driven technology company, Thomson Reuters said.

President and Chief Executive Steve Hasker said the company is starting the program with strength in its legal, tax and accounting and government businesses.

"Prevailing tailwinds are favorable and play to our strengths," Mr. Hasker said. "Covid-19 has changed how, when and where professionals work."

For the first quarter of 2021, the company said it expects revenue to rise 1.5%, or 2.5% on an organic basis. It expects to take a hit from the 13% to 15% decline in global print revenue. It sees first-quarter revenue growth of 4%, or 5% on an organic basis, in its three largest segments combined: legal professionals, corporates and tax and accounting professionals.

The company expects global print revenue to fall 4% to 7% for the full year.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

02-23-21 0717ET

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Financials (USD)
Sales 2020 5 980 M - -
Net income 2020 556 M - -
Net Debt 2020 2 583 M - -
P/E ratio 2020 75,2x
Yield 2020 1,75%
Capitalization 42 745 M 42 661 M -
EV / Sales 2020 7,58x
EV / Sales 2021 7,30x
Nbr of Employees 24 400
Free-Float 33,6%
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Technical analysis trends THOMSON REUTERS CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 95,59 $
Last Close Price 86,31 $
Spread / Highest target 27,0%
Spread / Average Target 10,8%
Spread / Lowest Target -12,7%
EPS Revisions
Managers and Directors
NameTitle
Stephen John Hasker President, Chief Executive Officer & Director
Michael Eastwood Chief Financial Officer
David K. R. Thomson Non-Independent Chairman
Kirsty Roth Chief Operations & Technology Officer
Shawn Malhotra Head-Engineering
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