Thomson Reuters (NYSE:TRI) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Thomson Reuters (NYSE:TRI) (TSE:TRI) released its earnings results on Thursday. The business services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04, Zacks reports. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. Thomson Reuters updated its FY 2025 guidance to EPS.

Thomson Reuters Stock Up 4.3 %

TRI traded up $7.28 during trading on Thursday, reaching $176.51. The company had a trading volume of 481,522 shares, compared to its average volume of 338,151. The business’s fifty day moving average price is $163.68 and its 200 day moving average price is $165.33. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. Thomson Reuters has a 12 month low of $148.71 and a 12 month high of $178.35. The company has a market cap of $79.43 billion, a P/E ratio of 34.80, a PEG ratio of 5.31 and a beta of 0.73.

Analysts Set New Price Targets

A number of research firms have issued reports on TRI. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Scotiabank raised their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research note on Wednesday, November 6th. CIBC upped their target price on shares of Thomson Reuters from $164.00 to $165.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Royal Bank of Canada raised their price target on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company started coverage on Thomson Reuters in a report on Tuesday, November 26th. They issued an “equal weight” rating and a $165.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $176.10.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.