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

Thomson Reuters (TSE:TRI) (NYSE:TRI) posted its earnings results on Thursday. The company reported C$1.01 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company earned $0.98 EPS.

Thomson Reuters Stock Up 6.6 %

TRI stock opened at C$253.21 on Friday. Thomson Reuters has a one year low of C$200.29 and a one year high of C$255.65. The company has a debt-to-equity ratio of 29.05, a quick ratio of 0.52 and a current ratio of 0.88. The company has a fifty day moving average of C$234.26 and a 200-day moving average of C$230.23. The stock has a market capitalization of C$113.87 billion, a PE ratio of 35.71, 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 paid a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 0.94%. Thomson Reuters’s dividend payout ratio is currently 41.33%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company upgraded Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. BMO Capital Markets increased their price objective on Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. Finally, TD Securities upped their price target on Thomson Reuters from C$235.00 to C$250.00 in a report on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters currently 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.