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

Thomson Reuters (TSE:TRI) (NYSE:TRI) posted its quarterly earnings results on Thursday. The company reported C$1.01 earnings per share 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 period last year, the company earned $0.98 earnings per share.

Thomson Reuters Trading Up 6.6 %

Thomson Reuters stock opened at C$253.21 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05. The firm has a market cap of C$113.87 billion, a PE ratio of 35.71, a P/E/G ratio of 3.64 and a beta of 0.40. The stock’s 50 day simple moving average is C$234.26 and its two-hundred day simple moving average is C$230.23. Thomson Reuters has a 12 month low of C$200.29 and a 12 month high of C$255.65.

Thomson Reuters Cuts Dividend

The firm also recently disclosed 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 yield of 0.94%. Thomson Reuters’s payout ratio is 41.33%.

Wall Street Analysts Forecast Growth

TRI has been the subject of several recent analyst reports. TD Securities upped their price target on Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. BMO Capital Markets boosted their price objective on 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 research report on Tuesday, November 26th. Six 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 company. According to data from MarketBeat.com, Thomson Reuters has an average rating of “Moderate Buy” and a consensus target price 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.