Thomson Reuters (NASDAQ:TRI) Issues Quarterly Earnings Results

Thomson Reuters (NASDAQ:TRI) posted its earnings results on Tuesday. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01), Zacks reports. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%. During the same period in the prior year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis.

Thomson Reuters Price Performance

NASDAQ TRI opened at $122.24 on Tuesday. The business’s fifty day moving average is $105.15 and its 200 day moving average is $97.33. Thomson Reuters has a fifty-two week low of $76.28 and a fifty-two week high of $157.63. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market capitalization of $52.97 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 2.23 and a beta of 0.75.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TRI. Morgan Stanley set a $110.00 price target on Thomson Reuters and gave the company an “equal weight” rating in a report on Tuesday, October 13th. Canaccord Genuity Group decreased their target price on Thomson Reuters from $132.50 to $129.50 and set a “buy” rating for the company in a research report on Thursday, October 22nd. TD Securities restated a “buy” rating on shares of Thomson Reuters in a research note on Thursday, August 6th. Jefferies Financial Group initiated coverage on shares of Thomson Reuters in a report on Tuesday, October 20th. They set a “buy” rating and a $130.00 price target on the stock. Finally, Scotia reduced their price target on shares of Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.99.

Thomson Reuters Company Profile

Thomson Reuters is a global provider of information, software and technology solutions for professionals and institutions. The company serves customers in the legal, tax, accounting, audit, corporate, government, risk and compliance sectors, as well as the media industry. Its offerings combine authoritative content with workflow tools, data analytics and artificial intelligence.

Key products and services include Westlaw and Practical Law for legal research and practice management; Checkpoint and ONESOURCE for tax and accounting professionals; Confirmation for audit-related workflows; and CoCounsel, an AI-assisted legal technology platform.