Thomson Reuters (NYSE:TRI) (TSE:TRI) posted its quarterly earnings results on Tuesday. The business services provider reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.16, MarketWatch Earnings reports. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.56 billion. Thomson Reuters had a net margin of 31.66% and a return on equity of 8.89%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 EPS. Thomson Reuters updated its FY 2021 guidance to – EPS.
Shares of TRI stock traded up $2.47 during trading hours on Tuesday, hitting $95.97. The company’s stock had a trading volume of 160,565 shares, compared to its average volume of 477,280. The company has a 50 day moving average of $90.21 and a 200 day moving average of $84.23. The stock has a market cap of $47.49 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 3.15 and a beta of 0.47. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.39. Thomson Reuters has a 12-month low of $64.47 and a 12-month high of $94.17.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 17th. Stockholders of record on Friday, March 5th were issued a $0.405 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.38. This represents a $1.62 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Thursday, March 4th. Thomson Reuters’s dividend payout ratio is 88.37%.
About Thomson Reuters
Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.
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