Thomson Reuters (TRI) Issues Quarterly Earnings Results

Thomson Reuters (NYSE:TRI) (TSE:TRI) posted its earnings results on Thursday, February 8th. The business services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02, Briefing.com reports. The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.95 billion. Thomson Reuters had a return on equity of 13.61% and a net margin of 12.31%. Thomson Reuters’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share.

Shares of Thomson Reuters (NYSE TRI) traded down $0.06 on Thursday, hitting $40.12. The stock had a trading volume of 367,292 shares, compared to its average volume of 1,352,010. Thomson Reuters has a 12-month low of $39.01 and a 12-month high of $48.61. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.63 and a current ratio of 0.62. The stock has a market cap of $28,460.00, a price-to-earnings ratio of 26.38, a PEG ratio of 2.71 and a beta of 0.65.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 22nd will be issued a dividend of $0.345 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.38 annualized dividend and a dividend yield of 3.44%. Thomson Reuters’s dividend payout ratio is presently 90.79%.

Several institutional investors and hedge funds have recently modified their holdings of TRI. Mackenzie Financial Corp increased its position in shares of Thomson Reuters by 1,010.4% in the 4th quarter. Mackenzie Financial Corp now owns 12,479,906 shares of the business services provider’s stock valued at $543,999,000 after acquiring an additional 11,356,000 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Thomson Reuters by 2.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,060,000 shares of the business services provider’s stock valued at $186,633,000 after acquiring an additional 113,500 shares during the period. Mawer Investment Management Ltd. increased its position in shares of Thomson Reuters by 2.0% in the 4th quarter. Mawer Investment Management Ltd. now owns 2,723,758 shares of the business services provider’s stock valued at $118,840,000 after acquiring an additional 54,529 shares during the period. CIBC Asset Management Inc increased its position in shares of Thomson Reuters by 85.1% in the 4th quarter. CIBC Asset Management Inc now owns 1,978,530 shares of the business services provider’s stock valued at $86,592,000 after acquiring an additional 909,851 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in shares of Thomson Reuters by 11.4% in the 3rd quarter. Great West Life Assurance Co. Can now owns 1,888,932 shares of the business services provider’s stock valued at $86,427,000 after acquiring an additional 193,342 shares during the period. Hedge funds and other institutional investors own 24.40% of the company’s stock.

A number of analysts have weighed in on the company. Scotiabank restated a “buy” rating and set a $52.00 target price (down previously from $54.00) on shares of Thomson Reuters in a report on Wednesday, January 31st. Canaccord Genuity restated a “hold” rating and set a $46.00 target price on shares of Thomson Reuters in a report on Wednesday, November 1st. Royal Bank of Canada lowered their target price on Thomson Reuters from $48.00 to $47.00 and set a “sector perform” rating for the company in a report on Thursday, November 2nd. Morgan Stanley upped their target price on Thomson Reuters from $51.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Finally, National Bank Financial lowered Thomson Reuters from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $50.23.

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Thomson Reuters Company Profile

Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.

Earnings History for Thomson Reuters (NYSE:TRI)

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