Thomson Reuters (NASDAQ:TRI) Sees Large Volume Increase on Better-Than-Expected Earnings

Key Points

• Thomson Reuters reported earnings of $0.87 per share for the quarter, exceeding expectations by $0.04, while experiencing a significant 56% increase in trading volume.
• The company has a market capitalization of $83.67 billion, with a net margin of 29.74% and return on equity of 14.26%.
• Despite the strong earnings, Wall Street Zen downgraded Thomson Reuters' stock from a "hold" to a "sell" rating.

Thomson Reuters Corp (NASDAQ:TRI - Get Free Report) shares saw an uptick in trading volume on Wednesday following a stronger than expected earnings report. 1,291,879 shares changed hands during mid-day trading, an increase of 56% from the previous session's volume of 828,711 shares.The stock last traded at $184.31 and had previously closed at $199.82.

The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. Thomson Reuters had a net margin of 22.34% and a return on equity of 14.21%. The business had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.79 billion.

Thomson Reuters Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently issued reports on TRI shares. Wall Street Zen cut shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Scotiabank upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday.

Thomson Reuters Stock Up 0.4%

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $82.13 billion, a PE ratio of 50.35, a PEG ratio of 5.76 and a beta of 0.77.

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.