Thomson Reuters (NASDAQ:TRI) Issues Earnings Results, Beats Expectations By $0.01 EPS

Thomson Reuters (NASDAQ:TRI) released its quarterly earnings results on Thursday. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01, Zacks reports. Thomson Reuters had a net margin of 23.82% and a return on equity of 14.27%.

Thomson Reuters Trading Down 3.7%

Thomson Reuters stock traded down $3.43 during mid-day trading on Thursday, hitting $90.13. The company’s stock had a trading volume of 3,027,513 shares, compared to its average volume of 1,702,502. The business has a fifty day moving average price of $126.69. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.11. The firm has a market cap of $40.10 billion, a price-to-earnings ratio of 23.17 and a beta of 0.79. Thomson Reuters has a 1 year low of $86.42 and a 1 year high of $218.42.

Wall Street Analysts Forecast Growth

TRI has been the subject of a number of recent analyst reports. The Goldman Sachs Group upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and set a $186.00 target price for the company in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Thomson Reuters in a report on Monday, December 29th. Canaccord Genuity Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Finally, Huber Research upgraded shares of Thomson Reuters to a “strong-buy” rating in a research report on Monday, October 20th. Five research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Strong Buy” and a consensus target price of $186.00.

About Thomson Reuters

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.