Thomson Reuters (NYSE:TRI) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Thomson Reuters (NYSE:TRI) (TSE:TRI) announced its quarterly earnings data on Tuesday. The business services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.04, Briefing.com reports. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Thomson Reuters’s revenue was up 3.4% compared to the same quarter last year. Thomson Reuters updated its FY 2025 guidance to EPS.

Thomson Reuters Stock Performance

TRI stock traded down $2.16 during midday trading on Wednesday, reaching $144.44. The stock had a trading volume of 910,451 shares, compared to its average volume of 978,974. The stock has a market cap of $64.52 billion, a PE ratio of 29.55, a P/E/G ratio of 5.67 and a beta of 0.74. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a fifty day simple moving average of $162.36 and a two-hundred day simple moving average of $181.65. Thomson Reuters has a 52-week low of $144.10 and a 52-week high of $218.42.

Thomson Reuters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th will be paid a $0.595 dividend. The ex-dividend date is Tuesday, November 18th. This represents a $2.38 dividend on an annualized basis and a yield of 1.6%. Thomson Reuters’s dividend payout ratio (DPR) is 65.75%.

Analyst Ratings Changes

Several research analysts recently issued reports on TRI shares. Royal Bank Of Canada dropped their price objective on Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. National Bankshares reaffirmed an “outperform” rating on shares of Thomson Reuters in a research report on Thursday, July 10th. TD Securities raised Thomson Reuters from a “hold” rating to a “buy” rating and increased their target price for the company from $275.00 to $285.00 in a research report on Thursday, August 28th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Thomson Reuters in a research report on Wednesday. Finally, Wells Fargo & Company raised Thomson Reuters from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $187.00 to $212.00 in a research report on Tuesday, September 9th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Thomson Reuters presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.91.

Hedge Funds Weigh In On Thomson Reuters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Seldon Capital LP purchased a new position in shares of Thomson Reuters during the 2nd quarter valued at about $200,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Thomson Reuters during the 1st quarter valued at about $205,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Thomson Reuters during the 2nd quarter valued at about $217,000. Prudential Financial Inc. purchased a new position in shares of Thomson Reuters during the 2nd quarter valued at about $234,000. Finally, Snowden Capital Advisors LLC purchased a new position in shares of Thomson Reuters during the 2nd quarter valued at about $309,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

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.