Thomson Reuters (NASDAQ:TRI) Releases 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01, Zacks reports. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. Thomson Reuters had a net margin of 23.82% and a return on equity of 14.27%.

Thomson Reuters Price Performance

NASDAQ:TRI opened at $90.28 on Friday. 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 one year low of $85.02 and a one year high of $218.42. The firm’s fifty day moving average is $125.78. The firm has a market cap of $40.17 billion, a PE ratio of 23.21 and a beta of 0.79.

Analysts Set New Price Targets

A number of brokerages have weighed in on TRI. Huber Research raised Thomson Reuters to a “strong-buy” rating in a research report on Monday, October 20th. Canaccord Genuity Group raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Thomson Reuters in a report on Monday, December 29th. Finally, The Goldman Sachs Group upgraded 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. Five investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Strong Buy” and an average 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.