Thomson Reuters (NYSE:TRI – Get Free Report) (TSE:TRI) released its quarterly earnings data on Thursday. The business services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.03, Briefing.com reports. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.75 billion. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.40%. Thomson Reuters’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 EPS. Thomson Reuters updated its FY 2024 guidance to EPS.
Thomson Reuters Trading Down 0.9 %
Shares of TRI traded down $1.44 during trading hours on Friday, hitting $157.43. 519,024 shares of the stock were exchanged, compared to its average volume of 606,982. Thomson Reuters has a fifty-two week low of $117.46 and a fifty-two week high of $176.03. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.97 and a quick ratio of 0.97. The business has a 50-day moving average of $166.92 and a 200-day moving average of $160.49. The firm has a market capitalization of $70.79 billion, a P/E ratio of 29.99, a price-to-earnings-growth ratio of 6.02 and a beta of 0.72.
Thomson Reuters Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a $0.146 dividend. This represents a $0.58 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Thursday, August 15th. Thomson Reuters’s dividend payout ratio (DPR) is currently 41.14%.
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About Thomson Reuters
Thomson Reuters Corporation engages in the provision of 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.
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