Thomson Reuters (TSE:TRI) Hits New 1-Year High After Better-Than-Expected Earnings

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) shares hit a new 52-week high during mid-day trading 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. The stock had previously closed at C$237.57.

The company reported C$1.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the firm posted $0.98 earnings per share.

Thomson Reuters Cuts Dividend

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

Analysts Set New Price Targets

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

Thomson Reuters Trading Up 6.6 %

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

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.