Thomson Reuters (NYSE:TRI) (TSE:TRI) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share guidance of – for the period. The company issued revenue guidance of $6.19 billion-$6.22 billion.
TRI stock traded up $3.22 during mid-day trading on Tuesday, reaching $96.72. The company had a trading volume of 1,650,706 shares, compared to its average volume of 491,254. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a 50 day simple moving average of $90.33 and a two-hundred day simple moving average of $84.28. The company has a market capitalization of $47.86 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 3.15 and a beta of 0.47. Thomson Reuters has a 52 week low of $64.47 and a 52 week high of $99.14.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Tuesday, May 4th. The business services provider reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.16. Thomson Reuters had a return on equity of 8.89% and a net margin of 31.66%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the company earned $0.48 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. On average, equities analysts predict that Thomson Reuters will post 1.78 EPS for the current year.
TRI has been the subject of several research analyst reports. Zacks Investment Research downgraded Thomson Reuters from a hold rating to a sell rating in a research note on Wednesday, March 17th. Canaccord Genuity upgraded Thomson Reuters from a hold rating to a buy rating in a research note on Wednesday, February 24th. BMO Capital Markets lifted their target price on Thomson Reuters from $116.00 to $127.00 and gave the stock an outperform rating in a research note on Wednesday, February 24th. TD Securities lifted their price target on Thomson Reuters from $120.00 to $125.00 and gave the stock a buy rating in a report on Wednesday, February 24th. Finally, CIBC cut Thomson Reuters from an outperform rating to a neutral rating in a report on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $96.18.
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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