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

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

Thomson Reuters Price Performance

Shares of TRI traded up $1.78 on Friday, hitting $164.74. The company’s stock had a trading volume of 615,548 shares, compared to its average volume of 325,121. The company has a market capitalization of $74.34 billion, a PE ratio of 28.21, a PEG ratio of 3.94 and a beta of 0.65. Thomson Reuters has a fifty-two week low of $117.46 and a fifty-two week high of $166.11. The company has a 50 day moving average price of $155.25 and a 200 day moving average price of $146.11. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.90.

Thomson Reuters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Wednesday, May 15th. Thomson Reuters’s dividend payout ratio (DPR) is currently 36.99%.

Wall Street Analyst Weigh In

TRI has been the topic of several research reports. TD Securities boosted their price objective on shares of Thomson Reuters from $210.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, March 13th. UBS Group upped their price target on Thomson Reuters from $177.00 to $190.00 and gave the company a “buy” rating in a report on Friday. National Bank Financial raised Thomson Reuters from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 23rd. Royal Bank of Canada upped 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. Finally, Barclays raised shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $150.00 to $180.00 in a report on Thursday, March 14th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average 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.