Thomson Reuters (TSE:TRI) Announces Earnings Results

Thomson Reuters (TSE:TRI) (NYSE:TRI) announced its quarterly earnings results on Wednesday. The company reported C$1.41 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$2.78 billion for the quarter. Thomson Reuters had a return on equity of 12.70% and a net margin of 19.93%.

Thomson Reuters Trading Up 1.9%

TRI stock opened at C$140.13 on Friday. Thomson Reuters has a 52 week low of C$107.91 and a 52 week high of C$251.55. The company has a market capitalization of C$61.17 billion, a PE ratio of 40.58, a price-to-earnings-growth ratio of 3.64 and a beta of 0.08. The company’s 50-day simple moving average is C$124.88 and its 200 day simple moving average is C$127.84. The company has a debt-to-equity ratio of 22.71, a quick ratio of 0.52 and a current ratio of 0.60.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TRI shares. Argus raised Thomson Reuters to a “hold” rating in a report on Wednesday, April 22nd. TD increased their price objective on shares of Thomson Reuters from C$185.00 to C$200.00 and gave the company a “buy” rating in a research report on Thursday. National Bank Financial raised their target price on shares of Thomson Reuters from C$171.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Scotia decreased their price target on shares of Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Thomson Reuters presently has an average rating of “Buy” and an average target price of C$166.33.

Insider Transactions at Thomson Reuters

In other Thomson Reuters news, Director Jason Williams sold 2,864 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$122.18, for a total value of C$349,923.52. 69.76% of the stock is owned by corporate insiders.

Thomson Reuters Company Profile

Thomson Reuters (TSX/Nasdaq: TRI) powers business-critical professions with trusted AI technology built for high-stakes work. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media with products that combine highly specialized software, authoritative content, and deep domain expertise. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.