Positive Media Coverage Somewhat Unlikely to Impact Thomson Reuters (TRI) Stock Price
Media coverage about Thomson Reuters (NYSE:TRI) (TSE:TRI) has been trending positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Thomson Reuters earned a coverage optimism score of 0.25 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 46.6998674785966 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Thomson Reuters (TRI) traded up $0.26 during mid-day trading on Friday, hitting $44.26. The stock had a trading volume of 597,400 shares, compared to its average volume of 1,126,425. The stock has a market capitalization of $31,329.97, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 2.15 and a beta of 0.71. Thomson Reuters has a 1-year low of $42.22 and a 1-year high of $48.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.63 and a quick ratio of 0.63.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Wednesday, November 1st. The business services provider reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.10. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Thomson Reuters had a return on equity of 10.43% and a net margin of 12.43%. Thomson Reuters’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. equities analysts expect that Thomson Reuters will post 2.46 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 16th will be given a $0.345 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.38 dividend on an annualized basis and a yield of 3.12%. Thomson Reuters’s dividend payout ratio is currently 33.09%.
TRI has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Thomson Reuters from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. TD Securities upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Piper Jaffray Companies reiterated a “hold” rating and issued a $50.00 target price on shares of Thomson Reuters in a report on Tuesday, September 19th. Macquarie upgraded Thomson Reuters to a “buy” rating and boosted their price target for the stock from $51.00 to $58.00 in a research note on Tuesday, October 3rd. Finally, Berenberg Bank set a $37.00 price target on Thomson Reuters and gave the stock a “sell” rating in a research note on Thursday, October 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $51.23.
About Thomson Reuters
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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