Thomson Reuters Co. (TRI) To Go Ex-Dividend on November 21st

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.54 per share by the business services provider on Tuesday, December 10th. This represents a $2.16 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15.

Thomson Reuters Stock Down 2.8 %

NYSE TRI opened at $166.29 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.16. Thomson Reuters has a fifty-two week low of $127.68 and a fifty-two week high of $176.03. The business has a 50 day moving average price of $168.71 and a two-hundred day moving average price of $166.61. The stock has a market cap of $74.81 billion, a PE ratio of 31.92, a P/E/G ratio of 5.55 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the business earned $0.82 EPS. The business’s revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts predict that Thomson Reuters will post 3.71 EPS for the current fiscal year.

Analyst Ratings Changes

TRI has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price target on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Scotiabank lifted their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research note on Wednesday. Finally, StockNews.com downgraded shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $176.33.

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.