Thomson Reuters Co. (NYSE:TRI) Plans Quarterly Dividend of $0.15

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.146 per share by the business services provider on Tuesday, September 10th. This represents a $0.58 annualized dividend and a yield of 0.37%. The ex-dividend date is Thursday, August 15th.

Thomson Reuters Price Performance

Shares of Thomson Reuters stock traded down $2.06 during trading on Friday, reaching $156.81. 58,171 shares of the company’s stock were exchanged, compared to its average volume of 382,589. The firm’s 50-day moving average price is $167.29 and its 200 day moving average price is $160.31. The company has a market cap of $70.51 billion, a P/E ratio of 30.26, a PEG ratio of 6.18 and a beta of 0.72. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 0.97. Thomson Reuters has a 1-year low of $117.46 and a 1-year high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.05. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 15.47%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 earnings per share. As a group, research analysts anticipate that Thomson Reuters will post 3.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Canaccord Genuity Group increased their price objective on Thomson Reuters from $149.00 to $156.00 and gave the company a “hold” rating in a report on Friday, May 3rd. CIBC raised their price objective on Thomson Reuters from $152.00 to $156.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. National Bank Financial upgraded Thomson Reuters from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 23rd. Royal Bank of Canada raised their price target on shares of Thomson Reuters from $153.00 to $156.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 30th. Finally, Scotiabank upped their price objective on shares of Thomson Reuters from $159.00 to $164.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $170.64.

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.