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

Thomson Reuters (NYSE:TRI) (TSE:TRI) issued its quarterly earnings data on Tuesday. The business services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.81 by $0.04, Briefing.com reports. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.78 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Thomson Reuters’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.80 earnings per share. Thomson Reuters updated its FY 2025 guidance to EPS.

Thomson Reuters Price Performance

NYSE:TRI traded down $2.26 on Wednesday, reaching $144.34. 949,124 shares of the company’s stock traded hands, compared to its average volume of 979,158. The stock has a 50-day simple moving average of $162.36 and a 200-day simple moving average of $181.65. Thomson Reuters has a 12 month low of $144.10 and a 12 month high of $218.42. The firm has a market cap of $64.47 billion, a PE ratio of 29.53, a P/E/G ratio of 5.67 and a beta of 0.74. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Thomson Reuters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th will be issued a dividend of $0.595 per share. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $2.38 dividend on an annualized basis and a yield of 1.6%. Thomson Reuters’s dividend payout ratio (DPR) is currently 65.75%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TLT Family Holdco ULC bought a new position in shares of Thomson Reuters during the second quarter worth $865,442,000. SEG Family Corp. purchased a new stake in Thomson Reuters in the 2nd quarter worth $659,930,000. Bank of America Corp DE boosted its holdings in shares of Thomson Reuters by 7.5% during the 2nd quarter. Bank of America Corp DE now owns 743,352 shares of the business services provider’s stock valued at $149,510,000 after purchasing an additional 51,797 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Thomson Reuters by 444.7% during the second quarter. Raymond James Financial Inc. now owns 314,059 shares of the business services provider’s stock valued at $63,167,000 after purchasing an additional 256,406 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Thomson Reuters by 6.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 193,142 shares of the business services provider’s stock valued at $38,829,000 after buying an additional 12,146 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TRI. Morgan Stanley set a $172.00 price target on Thomson Reuters in a research report on Tuesday. Canaccord Genuity Group set a $174.00 price objective on Thomson Reuters and gave the company a “buy” rating in a research report on Tuesday. TD Securities upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and upped their target price for the company from $275.00 to $285.00 in a research note on Thursday, August 28th. BMO Capital Markets restated an “outperform” rating on shares of Thomson Reuters in a research report on Wednesday. Finally, CIBC set a $198.00 target price on shares of Thomson Reuters and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Thomson Reuters has a consensus rating of “Moderate Buy” and a consensus price target of $196.91.

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.