Thomson Reuters (NASDAQ:TRI) Issues Quarterly Earnings Results

Key Points

• Thomson Reuters reported earnings of $0.87 per share, exceeding analyst expectations of $0.83, and generated revenues of $1.79 billion for the quarter.
• The company announced a quarterly dividend of $0.595 per share, with a dividend yield of 1.3% and a payout ratio of 49.69%.
• Following the earnings report, Wall Street analyst ratings were adjusted, with Wall Street Zen lowering the company from a "hold" to a "sell" rating.

Thomson Reuters (NASDAQ:TRI - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04, Zacks reports. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. Thomson Reuters had a net margin of 22.34% and a return on equity of 14.21%.

Thomson Reuters Stock Up 0.9%

Shares of TRI stock opened at $181.56 on Friday. The firm has a market capitalization of $81.82 billion, a P/E ratio of 50.15, a price-to-earnings-growth ratio of 5.76 and a beta of 0.77. Thomson Reuters has a 52 week low of $151.60 and a 52 week high of $218.42. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.15.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.595 per share. The ex-dividend date is Tuesday, August 19th. This represents a $2.38 annualized dividend and a dividend yield of 1.3%. Thomson Reuters's dividend payout ratio is 49.69%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Thomson Reuters from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd.

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.