Thomson Reuters Co. (TSE:TRI) Announces $0.60 Quarterly Dividend

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Thursday, February 20th will be paid a dividend of 0.595 per share on Monday, March 10th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 0.94%.

Thomson Reuters Trading Down 0.4 %

Shares of TSE TRI opened at C$252.31 on Friday. The stock has a market capitalization of C$113.47 billion, a PE ratio of 35.59, a PEG ratio of 3.64 and a beta of 0.40. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05. Thomson Reuters has a twelve month low of C$200.50 and a twelve month high of C$255.65. The stock has a fifty day simple moving average of C$234.79 and a 200-day simple moving average of C$230.43.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Thursday, February 6th. The company reported C$1.01 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. During the same quarter last year, the firm earned $0.98 EPS. On average, equities analysts forecast that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on TRI shares. BMO Capital Markets upped their price objective on Thomson Reuters from C$260.00 to C$265.00 and gave the company an “outperform” rating in a research note on Friday. Wells Fargo & Company upgraded Thomson Reuters to a “hold” rating in a report on Tuesday, November 26th. National Bankshares increased their price objective on Thomson Reuters from C$260.00 to C$286.00 and gave the company an “outperform” rating in a research report on Friday. Finally, TD Securities upped their price target on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Thomson Reuters has a consensus rating of “Moderate Buy” and a consensus target price of C$209.83.

Thomson Reuters Company Profile

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.