Thomson Reuters Corp (NASDAQ:TRI) Given Consensus Rating of "Strong Buy" by Analysts

Key Points

• Thomson Reuters Corp has received a consensus rating of "Strong Buy" from four different analysts, with three recommending a strong buy and one a buy.
• The company reported $0.87 EPS in its latest quarterly earnings, exceeding analysts' expectations of $0.83, alongside revenue of $1.79 billion.
• Recently, Thomson Reuters declared a quarterly dividend of $0.595 per share, representing an annualized dividend yield of 1.6%.

Shares of Thomson Reuters Corp (NASDAQ:TRI - Get Free Report) have earned a consensus recommendation of "Strong Buy" from the four ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a buy rating and three have assigned a strong buy rating to the company.

Several analysts recently issued reports on TRI shares. Scotiabank upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Cibc World Mkts upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. TD Securities raised Thomson Reuters from a "hold" rating to a "buy" rating in a research note on Thursday, August 28th. Wall Street Zen cut Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Finally, Wells Fargo & Company upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 9th.

Thomson Reuters Stock Performance

TRI traded up $1.46 during midday trading on Friday, reaching $152.98. 1,452,861 shares of the company were exchanged, compared to its average volume of 951,782. The firm has a market cap of $68.69 billion, a PE ratio of 42.26, a P/E/G ratio of 4.95 and a beta of 0.74. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.11. The company's 50-day simple moving average is $171.77. Thomson Reuters has a one year low of $149.88 and a one year high of $218.42.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. Thomson Reuters had a return on equity of 14.04% and a net margin of 22.34%.

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were paid a dividend of $0.595 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $2.38 annualized dividend and a yield of 1.6%. Thomson Reuters's payout ratio is 65.75%.

Thomson Reuters Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.