Thomson Reuters Corporation provides 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.
infoThomson Reuters is a large cap stock with a total market cap of 58.09B.
infoThey trade on the NYSE and had their IPO 21 years and 2 months ago.
infoThomson Reuters currently employs 25200 people.
infoAs of Wednesday, Aug 23 2023, Thomson Reuters’s share price is $127.59.
News Relating to Thomson Reuters
Market Watch
White House pledges to crack down on ‘abusive’ data-harvesting companies
Tuesday Aug 15 2023 at 05:00
The Biden administration is highlighting its efforts to combat abuses in the consumer-data industry, with regulators such as the Consumer Financial Protection Bureau planning on issuing new rules and pledging aggressive oversight of so-called data brokers that compile and sell data on millions of Americans.
Forbes
Ex-Dividend Reminder: Oshkosh, Thomson Reuters And Marriott International
Monday Aug 14 2023 at 11:10
On 8/16/23, Oshkosh, Thomson Reuters, and Marriott International, will all trade ex-dividend for their respective upcoming dividends.
InvestorPlace
3 Growth Stocks You’ll Regret Not Buying Soon
Thursday Aug 10 2023 at 14:41
Some clear winners have emerged from the latest earnings season. While a lot of companies struck out with their second-quarter financial results, others hit home runs, and their stocks are now sitting at or near 52-week highs.
Zacks Investment Research
Compared to Estimates, Thomson Reuters (TRI) Q2 Earnings: A Look at Key Metrics
Wednesday Aug 02 2023 at 11:13
The headline numbers for Thomson Reuters (TRI) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Zacks Investment Research
Thomson Reuters (TRI) Tops Q2 Earnings Estimates
Wednesday Aug 02 2023 at 08:57
Thomson Reuters (TRI) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.62 per share a year ago.
Seeking Alpha
Thomson Reuters: Financial Powerhouse
Tuesday Jul 25 2023 at 03:24
Thomson Reuters Corporation provides business information services worldwide. TRI’s business model is highly attractive, with recurring revenue and strong fundamental demand for data services. We believe there are steady industry tailwinds, as the demand for its services increases in line with technological development.
24/7 Wall Street
The Thomson Family Got Wealthier in the First Half of 2023. Does That Make Thomson Reuters a ‘Buy’?
Thursday Jul 06 2023 at 22:35
According to the
InvestorPlace
The 3 Best Media Stocks to Buy for July 2023
Monday Jul 03 2023 at 15:25
The media business is in a tough spot. The continued migration of news and information online has challenged traditional news outlets ranging from newspapers and magazines to television and radio.
PRNewsWire
Thomson Reuters Second-Quarter 2023 Earnings Announcement and Webcast Scheduled for August 2, 2023
Thursday Jun 29 2023 at 11:00
Conference call and webcast scheduled for 8:30 a.m. EDT TORONTO , June 29, 2023 /PRNewswire/ — Thomson Reuters (NYSE, TSX: TRI) announced today its second-quarter 2023 earnings will be issued via news release on Wednesday, August 2, 2023.
Reuters
Thomson Reuters to buy digital content management company Imagen
Wednesday Jun 28 2023 at 08:48
Thomson Reuters will buy Imagen, a digital content asset management company, for an undisclosed price, to expand its agency business to new customers, the news and information company said on Wednesday.
PYMNTS
Thomson Reuters Adds to AI Stable With $650M Casetext Deal
Tuesday Jun 27 2023 at 06:47
Thomson Reuters has acquired artificial intelligence (AI)-powered legal startup Casetext for $650 million. The Canadian multinational — whose businesses include news organization Reuters and legal research platform Westlaw — announced the deal late Monday (June 26), saying it would add to its existing AI initiatives.
TechCrunch
Thomson Reuters buys Casetext, an AI legal tech startup, for $650M in cash
Monday Jun 26 2023 at 23:09
Thomson Reuters has entered into a definitive agreement to acquire Casetext, a Y Combinator-backed legal tech startup. The deal, valued at $650 million in cash, is expected to close in the second half of 2023, subject to regulatory approvals and customary closing conditions.
Reuters
Thomson Reuters to acquire legal tech provider Casetext for $650 mln
Monday Jun 26 2023 at 22:04
Thomson Reuters Corporation said on Monday it had agreed to acquire Casetext, a California-based company that provides technology solutions for legal professionals, in a $650 million all-cash deal.
Yahoo Finance
AI and the legal profession: Thomson Reuters partners with Microsoft 365 to work with attorneys
Sunday Jun 04 2023 at 12:45
Thomson Reuters CEO and President Steve Hasker joins Yahoo Finance Live anchors Diane King Hall and Brad Smith to discuss his company’s latest offering to help the legal field.
GuruFocus
Thomson Reuters: A Fantastic but Overvalued Business
Friday May 19 2023 at 12:22
No media company should be priced north of 10 times sales and 33 times earnings with artificial intelligence about to make it cheaper than ever to compete. However, Thomson Reuters Corp. ( TRI , Financial) is more than just a media company, and its transition into more of a software as a service provider is nearly complete.
PRNewsWire
Thomson Reuters to Present at CIBC Technology & Innovation Conference
Thursday May 18 2023 at 11:00
TORONTO , May 18, 2023 /PRNewswire/ — Dave Hindt, Head of Finance, and Gary Bisbee, Head of Investor Relations of Thomson Reuters (TSX/NYSE: TRI), will present at the CIBC Technology & Innovation Conference on Wednesday, May 24, 2023 at 10:30 a.m. EDT. The presentation may include forward-looking information.
PRNewsWire
Thomson Reuters to Present at Barclays Americas Select Franchise Conference
Thursday May 04 2023 at 11:00
TORONTO , May 4, 2023 /PRNewswire/ — Steve Hasker, president and chief executive officer, and Matthew Keen, head of international of Thomson Reuters (TSX/NYSE: TRI) will present at the Barclays Americas Select Franchise Conference on Tuesday, May 9, 2023 at 9:00 a.m. BST. The presentation may include forward-looking information.
Proactive Investors
Thomson Reuters shares downgraded by analysts despite positive 1Q results
Wednesday May 03 2023 at 12:21
Thomson Reuters (NYSE:TRI) may have reported higher sales and operating profit over the first quarter of 2023, but the positives were already priced in its share price, according to Canaccord. As a result, analysts at the brokerage have downgraded its rating on the media company’s stock from Buy to Hold.
Zacks Investment Research
Thomson Reuters (TRI) Q1 Earnings Beat Estimates
Tuesday May 02 2023 at 09:08
Thomson Reuters (TRI) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.66 per share a year ago.
Proactive Investors
Thomson Reuters says it will return US$2.2B to shareholders after selling LSEG shares
Tuesday Apr 04 2023 at 09:11
Thomson Reuters (NYSE:TRI) has announced it will return approximately US$2.2 billion from gross proceeds of about US$2.3 billion to shareholders after it sold some of its shares in the London Stock Exchange Group (LSEG). The parent company of Reuters News said the money will be returned to shareholders through a cash distribution of US$4.67 per common share and a share consolidation, or reverse stock split, which will reduce the number of outstanding common shares on a basis that is proportional to the cash distribution.
Market Watch
Thomson Reuters to ask shareholders to vote on cash distribution and reverse stock split at June meeting
Tuesday Apr 04 2023 at 06:49
Thomson Reuters Corp. TRI, +0.69% TRI, -0.02% said Tuesday it’s planning to return $2.2 billion to shareholders in the form of a cash distribution of $4.67 a share and a reverse stock split that will reduce the number of shares outstanding. The company said it will ask shareholders to approve the plan at its annual and special meeting planned for June 14.
PRNewsWire
Thomson Reuters to Present at Bank of America Securities 2023 Information Services Conference
Thursday Mar 09 2023 at 11:00
TORONTO , March 9, 2023 /PRNewswire/ — Steve Hasker, president and chief executive officer of Thomson Reuters (TSX/NYSE: TRI), will present at the Bank of America Securities 2023 Information Services Conference on Thursday, March 16, 2023 at 10:30am EDT. The presentation may include forward-looking information.
PRNewsWire
Thomson Reuters to Present at Scotiabank TMT Conference
Wednesday Mar 01 2023 at 11:00
TORONTO , March 1, 2023 /PRNewswire/ — Steve Hasker, president and chief executive officer, and Mike Eastwood, chief financial officer of Thomson Reuters (TSX/NYSE: TRI), will present at the Scotiabank TMT Conference on Wednesday, March 8, 2023 at 11:40 am EST. The presentation may include forward-looking information.
Seeking Alpha
Thomson Reuters: Positive On Earnings Beat And Capital Return Guidance
Monday Feb 13 2023 at 05:37
Thomson Reuters delivered a strong +11% EPS beat in the recent quarter as a result of better than expected profitability. TRI has guided for a substantial increase in the company’s shareholder capital return for 2023.
Seeking Alpha
Thomson Reuters Corp (TRI) Q4 2022 Earnings Call Transcript
Thursday Feb 09 2023 at 15:07
Thomson Reuters Corp (NYSE:TRI ) Q4 2022 Earnings Conference Call February 9, 2023 8:30 AM ET Company Participants Gary Bisbee – Head, IR Stephen Hasker – President, CEO & Director Michael Eastwood – CFO Conference Call Participants Aravinda Galappatthige – Canaccord Genuity George Tong – Goldman Sachs Group Heather Balsky – Bank of America Merrill Lynch Scott Fletcher – CIBC Stephanie Yee – JPMorgan Chase & Co. Vince Valentini – TD Securities John Kennedy – Barclays Bank Maher Yaghi – Scotiabank Drew McReynolds – RBC Capital Markets Operator Good day, everyone, and welcome to the fourth quarter and full year 2022 earnings call, hosted by Gary Bisbee, Head of Investor Relations. My name is Ben, and I am your event manager.
Zacks Investment Research
Thomson Reuters (TRI) Beats Q4 Earnings and Revenue Estimates
Thursday Feb 09 2023 at 09:02
Thomson Reuters (TRI) delivered earnings and revenue surprises of 14.06% and 1.03%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Reuters
Thomson Reuters reports higher fourth-quarter sales, profit
Thursday Feb 09 2023 at 06:39
Thomson Reuters Corp , on Thursday reported higher sales and operating profit in the fourth quarter, helped by cost cuts and divestitures.
Seeking Alpha
Thomson Reuters: Still See Long-Term Growth
Monday Nov 21 2022 at 12:40
Thomson Reuters Corporation has continued to see strong organic growth across its business segments. Additionally, the company’s long-term debt to total assets has been decreasing.
PRNewsWire
Thomson Reuters to Host Investor Webcast on Westlaw Precision
Monday Nov 21 2022 at 11:00
TORONTO , Nov. 21, 2022 /PRNewswire/ — Thomson Reuters (TSX/NYSE: TRI) announced today that it will host an investor webcast to discuss Westlaw Precision on Monday, November 28, 2022, at 2:00 pm EST. The webcast will feature presentations by Steve Hasker, president and chief executive officer, Mike Eastwood, chief financial officer, and senior leaders of the Thomson Reuters Legal Professionals business on the newest version of Westlaw that launched in September 2022.
TechCrunch
Thomson Reuters to acquire tax automation company SurePrep for $500M
Friday Nov 11 2022 at 09:40
Thomson Reuters has announced plans to acquire SurePrep, a tax automation software company based in Irvine, California. The transaction, which Thomson Reuters said it expects to close in Q1 2023, values SurePrep at $500 million, which will be paid entirely in cash.
Thomson Reuters Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Thomson Reuters’s Altman Z-score is 4.86 which is in the safe zone. This indicates the company is financially stable and less likely to experience financial distress or bankruptcy.
Derived from SEC.GOV filing dataopen_in_new
Thomson Reuters Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, there has been no insider trading in Thomson Reuters.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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Thomson Reuters’s Income Quality of 1.1 is in line with its Industry Group of 1.1
Thomson Reuters’s Income Quality of 1.1 is in line with its Major Industry Group of 1.15 (-4.3% lower)
Thomson Reuters’s Income Quality of 1.1 is greater than its Sector of 0.75 (46.7% greater)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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Thomson Reuters’s Current Ratio of 0.9 is in line with its Industry Group of 0.9
Thomson Reuters’s Current Ratio of 0.9 is in line with its Major Industry Group of 0.88 (2.3% greater)
Thomson Reuters’s Current Ratio of 0.9 is lower than its Sector of 2.6 (-65.4% lower)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Thomson Reuters’s PE Ratio of 29.43 is in line with its Industry Group of 29.43
Thomson Reuters’s PE Ratio of 29.43 is greater than its Major Industry Group of 15.89 (85.2% greater)
Cannot compare a negative PE Ratio (29.43 & -0.4)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Thomson Reuters’s PB Ratio of 5.19 is in line with its Industry Group of 5.19
Thomson Reuters’s PB Ratio of 5.19 is greater than its Major Industry Group of 1.88 (176.1% greater)
Thomson Reuters’s PB Ratio of 5.19 is greater than its Sector of 1.62 (220.4% greater)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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Thomson Reuters’s ROE of 0.18 is in line with its Industry Group of 0.18
Thomson Reuters’s ROE of 0.18 is greater than its Major Industry Group of 0.02 (800.0% greater)
Thomson Reuters’s ROE of 0.18 is greater than its Sector of -0.03 (700.0% greater)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
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Thomson Reuters’s ROCE of 0.15 is in line with its Industry Group of 0.15
Thomson Reuters’s ROCE of 0.15 is greater than its Major Industry Group of 0.08 (87.5% greater)
Thomson Reuters’s ROCE of 0.15 is greater than its Sector of -0.04 (475.0% greater)
Derived from SEC.GOV filing dataopen_in_new