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

Thomson Reuters (NYSE:TRI) (TSE:TRI) posted its earnings results on Thursday. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17, Briefing.com reports. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Thomson Reuters had a return on equity of 15.43% and a net margin of 34.87%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share.

Thomson Reuters Stock Up 1.1 %

Shares of NYSE TRI opened at $164.74 on Friday. The company’s 50 day moving average price is $155.38 and its 200-day moving average price is $146.37. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.90 and a current ratio of 0.90. Thomson Reuters has a 52-week low of $117.46 and a 52-week high of $166.11. The company has a market capitalization of $74.35 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 4.29 and a beta of 0.65.

Thomson Reuters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Wednesday, May 15th. Thomson Reuters’s dividend payout ratio is presently 41.33%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TRI shares. Scotiabank increased their price objective on shares of Thomson Reuters from $159.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Friday. JPMorgan Chase & Co. increased their price target on shares of Thomson Reuters from $152.00 to $163.00 and gave the stock a “neutral” rating in a research report on Friday. CIBC boosted their price objective on shares of Thomson Reuters from $152.00 to $156.00 and gave the company a “neutral” rating in a research 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. Finally, Canaccord Genuity Group boosted their price target on Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a report on Friday. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.