Thomson Reuters (TSE:TRI) Hits New 12-Month High After Strong Earnings

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI's share price hit a new 52-week high during trading on Thursday following a better than expected earnings announcement. The company traded as high as C$255.65 and last traded at C$252.53, with a volume of 408507 shares changing hands. The stock had previously closed at C$237.57.

The company reported C$1.01 EPS for the quarter, beating the consensus estimate of C$0.97 by C$0.04. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. During the same period in the prior year, the firm posted $0.98 earnings per share.

Thomson Reuters Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders 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 is 41.33%.

Analyst Ratings Changes

A number of equities research analysts have commented on TRI shares. TD Securities raised their price objective on Thomson Reuters from C$250.00 to C$260.00 and gave the stock a "hold" rating in a research report on Friday. BMO Capital Markets upped their target price on Thomson Reuters from C$260.00 to C$265.00 and gave the stock an "outperform" rating in a research report on Friday. National Bankshares boosted their price objective on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Wells Fargo & Company upgraded shares of Thomson Reuters to a "hold" rating in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$270.33.

Thomson Reuters Stock Up 1.5 %

The company has a market capitalization of C$115.16 billion, a P/E ratio of 36.12, a P/E/G ratio of 3.64 and a beta of 0.40. The business's fifty day moving average price is C$235.30 and its 200 day moving average price is C$230.71. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05.

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.