Thomson Reuters (TSE:TRI) Issues Earnings Results, Beats Estimates By $0.04 EPS

Thomson Reuters (TSE:TRI) (NYSE:TRI) released its quarterly earnings data on Thursday. The company reported C$1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.04, RTT News reports. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. During the same quarter in the previous year, the business posted $0.98 earnings per share.

Thomson Reuters Stock Up 6.3 %

TSE TRI traded up C$14.96 on Thursday, hitting C$252.53. 408,507 shares of the company were exchanged, compared to its average volume of 288,361. The company has a market cap of C$113.57 billion, a PE ratio of 35.62, a PEG ratio of 3.64 and a beta of 0.40. Thomson Reuters has a 12 month low of C$200.29 and a 12 month high of C$255.65. The stock has a fifty day moving average of C$234.26 and a 200-day moving average of C$230.23. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05.

Thomson Reuters Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be paid a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 0.94%. Thomson Reuters’s dividend payout ratio is presently 41.33%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. BMO Capital Markets upped their price target on shares of Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday, November 6th. Finally, TD Securities upped their price objective on shares of Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$197.50.

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.