Thomson Reuters (NASDAQ:TRI) Issues Earnings Results, Misses Expectations By $0.01 EPS

Key Points

• Thomson Reuters reported quarterly EPS of $0.81, missing the $0.82 consensus estimate by $0.01 and declining from $0.85 a year earlier. Revenue increased 2.9% year over year.
• The stock opened at $122.24, with a $52.97 billion market capitalization and a price-to-earnings ratio of 27.84. Shares remain below the one-year high of $157.63 but above the one-year low of $76.28.
• Analysts maintain a generally positive outlook, with 12 Buy ratings and six Holds, producing a consensus “Moderate Buy” rating and an average price target of $127.99.

Thomson Reuters (NASDAQ:TRI - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01), Zacks reports. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The firm's revenue was up 2.9% compared to the same quarter last year.

Thomson Reuters Price Performance

Shares of NASDAQ:TRI opened at $122.24 on Tuesday. The business has a fifty day moving average price of $105.15 and a 200-day moving average price of $97.33. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $52.97 billion, a PE ratio of 27.84, a PEG ratio of 2.23 and a beta of 0.75. Thomson Reuters has a 1-year low of $76.28 and a 1-year high of $157.63.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Scotiabank reaffirmed a "sector outperform" rating and set a $135.00 target price on shares of Thomson Reuters in a research note on Thursday, August 6th. Canaccord Genuity Group lowered their price objective on shares of Thomson Reuters from $132.50 to $129.50 and set a "buy" rating for the company in a report on Thursday, October 22nd. Barclays cut their price objective on Thomson Reuters from $140.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 8th. Scotia decreased their target price on Thomson Reuters from $138.00 to $135.00 and set a "sector outperform" rating for the company in a research report on Thursday, August 6th. Finally, TD Securities restated a "buy" rating on shares of Thomson Reuters in a research note on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $127.99.

About Thomson Reuters

Thomson Reuters is a global provider of information, software and technology solutions for professionals and institutions. The company serves customers in the legal, tax, accounting, audit, corporate, government, risk and compliance sectors, as well as the media industry. Its offerings combine authoritative content with workflow tools, data analytics and artificial intelligence.

Key products and services include Westlaw and Practical Law for legal research and practice management; Checkpoint and ONESOURCE for tax and accounting professionals; Confirmation for audit-related workflows; and CoCounsel, an AI-assisted legal technology platform.

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