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

Thomson Reuters (TSE:TRI) (NYSE:TRI) announced its earnings results on Thursday. The company reported C$1.01 EPS for the quarter, beating 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 prior year, the company posted $0.98 EPS.

Thomson Reuters Trading Up 6.4 %

Shares of TRI traded up C$15.23 on Thursday, reaching C$252.80. 429,486 shares of the company’s stock were exchanged, compared to its average volume of 289,044. 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 has a 12 month low of C$200.29 and a 12 month high of C$255.65. The business has a 50 day moving average price of C$234.26 and a two-hundred day moving average price of C$230.23. The stock has a market capitalization of C$113.69 billion, a P/E ratio of 35.66, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40.

Thomson Reuters Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be issued 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 41.33%.

Analysts Set New Price Targets

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