Thomson Reuters (NYSE:TRI) (TSE:TRI) posted its earnings results on Tuesday. The business services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.08, MarketWatch Earnings reports. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. Thomson Reuters had a return on equity of 8.89% and a net margin of 31.66%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 earnings per share. Thomson Reuters updated its Q1 2021
Pre-Market guidance to EPS.
Thomson Reuters stock traded up $7.89 during mid-day trading on Tuesday, hitting $88.25. The company’s stock had a trading volume of 116,389 shares, compared to its average volume of 444,349. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.51 and a current ratio of 1.51. The company has a 50 day moving average of $81.82 and a 200-day moving average of $80.22. Thomson Reuters has a one year low of $52.23 and a one year high of $89.55. The stock has a market cap of $43.87 billion, a PE ratio of 21.37, a P/E/G ratio of 3.15 and a beta of 0.47.
Several analysts have recently issued reports on TRI shares. TD Securities upped their price objective on Thomson Reuters from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. Scotiabank upped their price target on shares of Thomson Reuters from $75.00 to $84.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 4th. Morgan Stanley initiated coverage on shares of Thomson Reuters in a research note on Tuesday, February 2nd. They issued an “equal weight” rating and a $90.00 price objective for the company. Zacks Investment Research cut shares of Thomson Reuters from a “buy” rating to a “hold” rating in a research report on Saturday, January 16th. Finally, BMO Capital Markets lifted their price target on Thomson Reuters from $106.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 4th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $90.46.
Thomson Reuters Corporation provides news and business information services to professionals in the United States, Other Americas, Europe, the Middle East, Africa, and the Asia- Pacific. It operates through five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print.
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