Thomson Reuters Co. (TRI) to Distribute Quarterly Dividend of $0.60 on March 10th

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders 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 annualized dividend and a yield of 0.94%.

Thomson Reuters Price Performance

Shares of TRI opened at C$252.31 on Friday. Thomson Reuters has a 52-week low of C$200.50 and a 52-week high of C$255.65. The company has a debt-to-equity ratio of 29.05, a quick ratio of 0.52 and a current ratio of 0.88. The firm has a market cap of C$113.47 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The business’s 50 day moving average price is C$234.79 and its two-hundred day moving average price is C$230.43.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TRI shares. Wells Fargo & Company raised shares of Thomson Reuters to a “hold” rating in a report on Tuesday, November 26th. TD Securities raised their price target on Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a research report on Friday. BMO Capital Markets lifted their price target on shares of Thomson Reuters from C$260.00 to C$265.00 and gave the company an “outperform” rating in a report on Friday. Finally, National Bankshares upped their target price on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the stock an “outperform” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.