Thomson Reuters (TSE:TRI) Sets New 52-Week High on Earnings Beat

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

The company reported C$1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm earned $0.98 EPS.

Thomson Reuters Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 0.94%. Thomson Reuters’s dividend payout ratio (DPR) is currently 41.33%.

Analyst Upgrades and Downgrades

TRI has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on shares of Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday, November 6th. Wells Fargo & Company raised shares of Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. Finally, TD Securities increased their price target on shares of Thomson Reuters from C$235.00 to C$250.00 in a research report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Thomson Reuters has a consensus rating of “Moderate Buy” and an average price target of C$197.50.

Thomson Reuters Stock Up 6.6 %

The stock has a market capitalization of C$113.87 billion, a PE ratio of 35.71, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05. The company’s 50-day moving average is C$234.26 and its 200 day moving average is C$230.23.

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.