Thomson Reuters (TSE:TRI) Releases Earnings Results

Thomson Reuters (TSE:TRI) (NYSE:TRI) posted its quarterly earnings results on Thursday. The company reported C$1.47 EPS for the quarter, FiscalAI reports. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%.The business had revenue of C$2.76 billion during the quarter.

Thomson Reuters Price Performance

Thomson Reuters stock opened at C$120.95 on Friday. The stock has a 50-day moving average price of C$173.36 and a two-hundred day moving average price of C$209.53. Thomson Reuters has a 12 month low of C$116.50 and a 12 month high of C$299.24. The company has a market capitalization of C$53.80 billion, a PE ratio of 31.09, a P/E/G ratio of 3.64 and a beta of -0.02. The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28.

Analyst Upgrades and Downgrades

TRI has been the subject of several research analyst reports. Huber Research upgraded shares of Thomson Reuters to a “strong-buy” rating in a research report on Monday, October 20th. The Goldman Sachs Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Canaccord Genuity Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Finally, National Bankshares reduced their price objective on Thomson Reuters from C$300.00 to C$190.00 and set an “outperform” rating on the stock in a research note on Monday. Six equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and an average target price of C$243.80.

Thomson Reuters Company Profile

Thomson Reuters is the result of the $17.6 billion megamerger of Canada’s Thomson and the United Kingdom’s Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE. Since the divestiture, the company is more concentrated on selling its flagship legal data and software, WestLaw, and its tax accounting software, OneSource. In addition, the company does hold a significant investment in the publicly traded Tradeweb, which operates a fixed income exchange.