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

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

Thomson Reuters Trading Up 6.4 %

Shares of TSE:TRI traded up C$15.23 during trading on Thursday, reaching C$252.80. The stock had a trading volume of 429,486 shares, compared to its average volume of 289,044. Thomson Reuters has a fifty-two week low of C$200.29 and a fifty-two week high of C$255.65. The business has a fifty day moving average price of C$234.26 and a 200-day moving average price of C$230.23. The stock has a market cap of C$113.69 billion, a P/E ratio of 35.66, a PEG ratio of 3.64 and a beta of 0.40. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05.

Thomson Reuters Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders 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 dividend yield of 0.94%. Thomson Reuters’s dividend payout ratio is currently 41.33%.

Wall Street Analyst Weigh In

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

Thomson Reuters Company Profile

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.