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

Thomson Reuters (NYSE:TRI) (TSE:TRI) posted its earnings results on Tuesday. The business services provider reported $0.85 earnings per share for the quarter, topping 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 analyst estimates of $1.78 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Thomson Reuters’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. Thomson Reuters updated its FY 2025 guidance to EPS.

Thomson Reuters Trading Down 1.9%

NYSE:TRI traded down $2.67 during mid-day trading on Thursday, hitting $141.58. 258,510 shares of the stock traded hands, compared to its average volume of 978,899. The stock has a market capitalization of $63.24 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 5.67 and a beta of 0.74. Thomson Reuters has a 52 week low of $140.13 and a 52 week high of $218.42. The firm’s 50 day moving average is $161.74 and its two-hundred day moving average is $181.39. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Thomson Reuters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th will be paid a dividend of $0.595 per share. The ex-dividend date is Tuesday, November 18th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.7%. Thomson Reuters’s payout ratio is 61.18%.

Hedge Funds Weigh In On Thomson Reuters

A number of hedge funds have recently added to or reduced their stakes in TRI. B. Riley Wealth Advisors Inc. purchased a new stake in Thomson Reuters during the second quarter valued at approximately $217,000. Public Sector Pension Investment Board lifted its position in Thomson Reuters by 0.8% during the second quarter. Public Sector Pension Investment Board now owns 13,098 shares of the business services provider’s stock valued at $2,629,000 after acquiring an additional 100 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Thomson Reuters by 10.2% during the second quarter. Tower Research Capital LLC TRC now owns 7,095 shares of the business services provider’s stock valued at $1,427,000 after acquiring an additional 654 shares during the last quarter. TLT Family Holdco ULC acquired a new position in Thomson Reuters during the 2nd quarter valued at approximately $865,442,000. Finally, Corient Private Wealth LLC increased its stake in Thomson Reuters by 17.0% during the 2nd quarter. Corient Private Wealth LLC now owns 25,713 shares of the business services provider’s stock valued at $5,171,000 after purchasing an additional 3,736 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TRI. Wells Fargo & Company upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $187.00 to $212.00 in a report on Tuesday, September 9th. BMO Capital Markets restated an “outperform” rating on shares of Thomson Reuters in a report on Wednesday. Canaccord Genuity Group set a $174.00 price objective on shares of Thomson Reuters and gave the stock a “buy” rating in a report on Tuesday. National Bankshares reaffirmed an “outperform” rating on shares of Thomson Reuters in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating for the company in a research note on Wednesday. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.27.

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.