Thomson Reuters (NYSE:TRI) Posts Quarterly Earnings Results, Beats Estimates By $0.17 EPS

Thomson Reuters (NYSE:TRI) (TSE:TRI) posted its quarterly earnings data on Thursday. The business services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17, Briefing.com reports. Thomson Reuters had a return on equity of 15.43% and a net margin of 34.87%. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm earned $0.85 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis.

Thomson Reuters Price Performance

TRI stock opened at $164.74 on Friday. The stock has a market cap of $74.35 billion, a PE ratio of 31.38, a P/E/G ratio of 4.29 and a beta of 0.65. Thomson Reuters has a 12 month low of $117.46 and a 12 month high of $166.11. The company has a 50-day moving average price of $155.38 and a 200 day moving average price of $146.37. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26.

Thomson Reuters Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be given a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.16 dividend on an annualized basis and a yield of 1.31%. Thomson Reuters’s dividend payout ratio is presently 41.33%.

Analyst Ratings Changes

A number of equities analysts have weighed in on TRI shares. Scotiabank upped their price target on shares of Thomson Reuters from $159.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Friday. CIBC upped their target price on shares of Thomson Reuters from $152.00 to $156.00 and gave the stock a “neutral” rating in a report on Friday. TD Securities raised their price target on Thomson Reuters from $210.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, March 13th. Canaccord Genuity Group upped their price objective on Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Royal Bank of Canada lifted their target price on Thomson Reuters from $153.00 to $156.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 30th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Thomson Reuters has a consensus rating of “Hold” and a consensus price target of $164.31.

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.