Thomson Reuters Corp (TRI) Receives Daily Coverage Optimism Rating of 0.16
Press coverage about Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Thomson Reuters Corp earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 46.4619661536553 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of brokerages have weighed in on TRI. Zacks Investment Research lowered shares of Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. Macquarie raised shares of Thomson Reuters Corp to a “buy” rating and lifted their price target for the company from $51.00 to $58.00 in a research note on Tuesday, October 3rd. Morgan Stanley cut their price target on shares of Thomson Reuters Corp from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 2nd. Credit Suisse Group began coverage on shares of Thomson Reuters Corp in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $52.00 price target on the stock. Finally, Scotiabank lifted their price target on shares of Thomson Reuters Corp from $45.00 to $47.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $51.31.
Shares of Thomson Reuters Corp (TRI) opened at $44.05 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.41. Thomson Reuters Corp has a fifty-two week low of $41.54 and a fifty-two week high of $48.61. The stock has a market cap of $31,280.16, a P/E ratio of 17.51, a PEG ratio of 2.15 and a beta of 0.74.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.10. Thomson Reuters Corp had a net margin of 27.20% and a return on equity of 13.91%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period last year, the company earned $0.54 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. sell-side analysts predict that Thomson Reuters Corp will post 2.46 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 16th will be issued a $0.345 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.13%. Thomson Reuters Corp’s dividend payout ratio (DPR) is presently 33.09%.
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Thomson Reuters Corp Company Profile
Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
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