Thomson Reuters (TSE:TRI) Reaches New 1-Year High Following Strong Earnings

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

The company reported C$1.01 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. During the same period last year, the company posted $0.98 EPS.

Thomson Reuters Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 0.95%. Thomson Reuters’s dividend payout ratio is presently 41.33%.

Analyst Ratings Changes

A number of brokerages recently weighed in on TRI. TD Securities raised their price objective on Thomson Reuters from C$235.00 to C$250.00 in a report on Wednesday, November 6th. Wells Fargo & Company raised shares of Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th. Finally, BMO Capital Markets upped their price objective on shares of Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Thomson Reuters presently has an average rating of “Moderate Buy” and a consensus target price of C$197.50.

Thomson Reuters Trading Up 6.0 %

The company has a debt-to-equity ratio of 29.05, a quick ratio of 0.52 and a current ratio of 0.88. The stock has a market capitalization of C$113.20 billion, a P/E ratio of 35.50, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The stock has a 50-day moving average price of C$234.26 and a two-hundred day moving average price of C$230.23.

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.