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

Thomson Reuters (NYSE:TRI) (TSE:TRI) announced its earnings results on Thursday. The business services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17, Briefing.com reports. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. Thomson Reuters had a return on equity of 14.01% and a net margin of 39.67%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS.

Thomson Reuters Stock Up 1.1 %

NYSE:TRI traded up $1.78 during trading hours on Friday, reaching $164.74. 615,548 shares of the company traded hands, compared to its average volume of 325,121. Thomson Reuters has a 1 year low of $117.46 and a 1 year high of $166.11. The business’s 50-day moving average price is $155.25 and its two-hundred day moving average price is $146.11. The stock has a market capitalization of $74.34 billion, a P/E ratio of 28.21, a P/E/G ratio of 3.94 and a beta of 0.65. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.31%. The ex-dividend date is Wednesday, May 15th. Thomson Reuters’s payout ratio is currently 36.99%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TRI. UBS Group upped their price objective on shares of Thomson Reuters from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price target on Thomson Reuters from $152.00 to $163.00 and gave the stock a “neutral” rating in a research note on Friday. National Bank Financial upgraded shares of Thomson Reuters from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 23rd. Barclays upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $150.00 to $180.00 in a report on Thursday, March 14th. Finally, TD Securities boosted their target price on Thomson Reuters from $210.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, March 13th. 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, Thomson Reuters currently has a consensus rating of “Hold” and an average price target of $164.31.

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.