Thomson Reuters (NASDAQ:TRI) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Thomson Reuters (NASDAQ:TRI) released its quarterly earnings results on Thursday. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01, Zacks reports. Thomson Reuters had a return on equity of 14.27% and a net margin of 23.82%.

Thomson Reuters Trading Down 3.7%

Shares of Thomson Reuters stock traded down $3.43 on Thursday, hitting $90.13. The stock had a trading volume of 3,027,513 shares, compared to its average volume of 1,702,502. The business has a 50 day moving average price of $126.69. The firm has a market cap of $40.10 billion, a PE ratio of 23.17 and a beta of 0.79. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.11. Thomson Reuters has a 52-week low of $86.42 and a 52-week high of $218.42.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Thomson Reuters in a report on Monday, December 29th. The Goldman Sachs Group raised shares of Thomson Reuters from a “hold” rating to a “buy” rating and set a $186.00 price objective for the company in a research note on Wednesday, October 15th. Huber Research raised shares of Thomson Reuters to a “strong-buy” rating in a research note on Monday, October 20th. Finally, Canaccord Genuity Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Five analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Thomson Reuters presently has an average rating of “Strong Buy” and a consensus target price of $186.00.

Thomson Reuters Company Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.