Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI released its earnings results on Thursday. The company reported C$1.01 EPS for the quarter, beating the consensus estimate 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 quarter last year, the company posted $0.98 EPS.
Thomson Reuters Stock Up 1.5 %
TRI stock traded up C$3.76 during midday trading on Monday, hitting C$256.07. The stock had a trading volume of 375,566 shares, compared to its average volume of 305,821. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. The firm has a market cap of C$115.16 billion, a price-to-earnings ratio of 36.12, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The business has a 50-day moving average of C$235.30 and a two-hundred day moving average of C$230.71. Thomson Reuters has a 52-week low of C$204.21 and a 52-week high of C$256.48.
Thomson Reuters Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 0.93%. Thomson Reuters's dividend payout ratio (DPR) is 41.33%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. National Bankshares boosted their target price on Thomson Reuters from C$260.00 to C$286.00 and gave the company an "outperform" rating in a research note on Friday. Wells Fargo & Company upgraded shares of Thomson Reuters to a "hold" rating in a research report on Tuesday, November 26th. TD Securities raised their target price on Thomson Reuters from C$250.00 to C$260.00 and gave the stock a "hold" rating in a research note on Friday. Finally, BMO Capital Markets increased their price objective on Thomson Reuters from C$260.00 to C$265.00 and gave the stock an "outperform" rating in a report on Friday. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$270.33.
Read Our Latest Analysis on Thomson Reuters
About Thomson Reuters
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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.
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