Thomson Reuters (TRI) Earning Somewhat Positive News Coverage, Study Finds

Media coverage about Thomson Reuters (NYSE:TRI) (TSE:TRI) has been trending somewhat positive on Thursday, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by analyzing more than 6,000 blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Thomson Reuters earned a media sentiment score of 1.03 on their scale. InfoTrie also gave media headlines about the business services provider an news buzz score of 8 out of 10, indicating that recent press coverage is very likely to have an effect on the company’s share price in the next several days.

Here are some of the news headlines that may have effected Thomson Reuters’ score:

Several equities analysts have weighed in on the stock. Royal Bank of Canada restated a “buy” rating on shares of Thomson Reuters in a report on Thursday. National Bank Financial restated a “buy” rating on shares of Thomson Reuters in a report on Wednesday. Morgan Stanley set a $53.00 target price on shares of Thomson Reuters and gave the company a “buy” rating in a report on Wednesday. Piper Jaffray Companies restated a “hold” rating on shares of Thomson Reuters in a report on Wednesday. Finally, TD Securities restated a “buy” rating and set a $69.00 target price on shares of Thomson Reuters in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $49.09.

Shares of Thomson Reuters stock traded up $0.27 during mid-day trading on Thursday, hitting $48.03. 819,582 shares of the stock were exchanged, compared to its average volume of 1,594,814. Thomson Reuters has a twelve month low of $36.52 and a twelve month high of $48.14. The stock has a market capitalization of $27.06 billion, a P/E ratio of 19.14, a P/E/G ratio of 10.71 and a beta of 0.52. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.31 and a quick ratio of 2.31.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.07. Thomson Reuters had a net margin of 16.21% and a return on equity of 6.04%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the company earned $0.27 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, analysts forecast that Thomson Reuters will post 0.64 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.35 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.35. This represents a $1.40 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Wednesday, November 14th. Thomson Reuters’s dividend payout ratio (DPR) is currently 54.98%.

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About Thomson Reuters

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

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