Thomson Reuters (NYSE:TRI) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Thomson Reuters (NYSE:TRI) (TSE:TRI) announced its quarterly earnings results on Tuesday. The business services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04, Briefing.com reports. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.78 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.Thomson Reuters’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share. Thomson Reuters updated its FY 2025 guidance to EPS.

Thomson Reuters Trading Down 1.7%

TRI stock traded down $2.44 during trading on Wednesday, reaching $144.16. 834,028 shares of the stock traded hands, compared to its average volume of 978,600. The business’s 50 day moving average price is $162.36 and its 200-day moving average price is $181.65. Thomson Reuters has a 52-week low of $144.40 and a 52-week high of $218.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market capitalization of $64.39 billion, a PE ratio of 29.54, a P/E/G ratio of 5.67 and a beta of 0.74.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th will be given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, November 18th. Thomson Reuters’s payout ratio is 65.75%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. National Bankshares restated an “outperform” rating on shares of Thomson Reuters in a report on Thursday, July 10th. Huber Research raised Thomson Reuters to an “overweight” rating in a research note on Monday, October 20th. Royal Bank Of Canada cut their price target on shares of Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. Scotiabank reiterated an “outperform” rating and set a $189.00 price target on shares of Thomson Reuters in a research note on Wednesday. Finally, Canaccord Genuity Group set a $174.00 price target on Thomson Reuters and gave the company a “buy” rating in a research report on Tuesday. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Thomson Reuters currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.91.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. TLT Family Holdco ULC acquired a new position in shares of Thomson Reuters during the second quarter worth about $865,442,000. SEG Family Corp. acquired a new position in shares of Thomson Reuters during the second quarter worth about $659,930,000. Bank of America Corp DE lifted its stake in shares of Thomson Reuters by 7.5% during the second quarter. Bank of America Corp DE now owns 743,352 shares of the business services provider’s stock worth $149,510,000 after purchasing an additional 51,797 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of Thomson Reuters by 444.7% during the second quarter. Raymond James Financial Inc. now owns 314,059 shares of the business services provider’s stock worth $63,167,000 after purchasing an additional 256,406 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Thomson Reuters by 6.7% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 193,142 shares of the business services provider’s stock worth $38,829,000 after purchasing an additional 12,146 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of 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.