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

Thomson Reuters (NASDAQ:TRI) posted its quarterly earnings results on Tuesday. The company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01), Zacks reports. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share.

Thomson Reuters Stock Down 7.4%

TRI stock opened at $113.22 on Tuesday. The firm has a market cap of $49.06 billion, a PE ratio of 30.16, 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. The company has a fifty day simple moving average of $105.15 and a 200 day simple moving average of $97.33. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TRI shares. Royal Bank Of Canada increased their target price on shares of Thomson Reuters from $124.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 28th. Scotia dropped their price target on shares of Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating on the stock in a research note on Thursday, August 6th. Morgan Stanley set a $110.00 price objective on Thomson Reuters and gave the stock an “equal weight” rating in a report on Tuesday, October 13th. Scotiabank reiterated a “sector outperform” rating and set a $135.00 price objective on shares of Thomson Reuters in a report on Thursday, August 6th. Finally, TD Securities reissued a “buy” rating on shares of Thomson Reuters in a research report on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.99.

Thomson Reuters Company Profile

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.