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

Thomson Reuters (TSE:TRI) (NYSE:TRI) released its earnings results on Thursday. The company reported C$1.01 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 EPS.

Thomson Reuters Stock Performance

TSE TRI opened at C$252.31 on Friday. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. Thomson Reuters has a 1-year low of C$200.50 and a 1-year high of C$255.65. The business has a 50 day simple moving average of C$234.79 and a two-hundred day simple moving average of C$230.43. The stock has a market capitalization of C$113.47 billion, a PE ratio of 35.59, a P/E/G ratio of 3.64 and a beta of 0.40.

Thomson Reuters Cuts Dividend

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

Analysts Set New Price Targets

Several brokerages have recently commented on TRI. National Bankshares raised their price objective on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the company an “outperform” rating in a research report on Friday. BMO Capital Markets raised their price target on Thomson Reuters from C$260.00 to C$265.00 and gave the company an “outperform” rating in a report on Friday. TD Securities upped their price objective on Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Wells Fargo & Company raised Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters currently has a consensus rating of “Moderate Buy” and an average target price of C$209.83.

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.