Thomson Reuters Corp.
Toronto symbol TRI, divides its operations into two divisions: Markets, which provides financial information products to banks and other financial institutions; and Professional, which sells specialized information to professionals in the legal, accounting, scientific and healthcare fields.
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THOMSON REUTERS CORP. (Toronto symbol TRI; www.thomsonreuters.com) is seeing higher demand for its financial information products for the first time since the 2008 economic crisis. Sales at its legal and tax and accounting businesses are also improving.
In the three months ended September 30, 2014, Thomson’s overall revenue rose 1.1%, to $3.11 billion from $3.07 billion a year earlier (all amounts except share price and market cap in U.S. dollars).
The financial division’s revenue (54% of the total) fell 0.7%. But banks and other clients are buying more products than they’re cancelling, which should raise this division’s future revenue.
Revenue rose 1.3% at the legal-products division (28%), 11.5% at tax and accounting (10%) and 3.3% at intellectual property and science (8%).
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THOMSON REUTERS CORP. (Toronto symbol TRI; www.thomsonreuters.com) is seeing higher demand for its financial information products for the first time since the 2008 economic crisis. Sales at its legal and tax and accounting businesses are also improving.
In the three months ended September 30, 2014, Thomson’s overall revenue rose 1.1%, to $3.11 billion from $3.07 billion a year earlier (all amounts except share price and market cap in U.S. dollars).
The financial division’s revenue (54% of the total) fell 0.7%. But banks and other clients are buying more products than they’re cancelling, which should raise this division’s future revenue.
Revenue rose 1.3% at the legal-products division (28%), 11.5% at tax and accounting (10%) and 3.3% at intellectual property and science (8%).
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THOMSON REUTERS CORP. $45 (Toronto symbol TRI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 799.7 million; Market cap: $36.0 billion; Price-to-sales ratio: 2.8; Dividend yield: 3.4%; TSINetwork Rating: Above Average; www.thomsonreuters.com) is seeing higher demand for its financial information products for the first time since the 2008 economic crisis. Sales at its legal and tax and accounting businesses are also improving.
In the three months ended September 30, 2014, Thomson’s overall revenue rose 1.1%, to $3.11 billion from $3.07 billion a year earlier (all amounts except share price and market cap in U.S. dollars).
The financial division’s revenue (54% of the total) fell 0.7%. But banks and other clients are buying more products than they’re cancelling, which should raise this division’s future revenue.
...
In the three months ended September 30, 2014, Thomson’s overall revenue rose 1.1%, to $3.11 billion from $3.07 billion a year earlier (all amounts except share price and market cap in U.S. dollars).
The financial division’s revenue (54% of the total) fell 0.7%. But banks and other clients are buying more products than they’re cancelling, which should raise this division’s future revenue.
...
THOMSON REUTERS CORP. $45 (Toronto symbol TRI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 799.7 million; Market cap: $36.0 billion; Price-to-sales ratio: 2.8; Dividend yield: 3.4%; TSINetwork Rating: Above Average; www.thomsonreuters.com) is seeing higher demand for its financial information products for the first time since the 2008 economic crisis. Sales at its legal and tax and accounting businesses are also improving. In the three months ended September 30, 2014, Thomson’s overall revenue rose 1.1%, to $3.11 billion from $3.07 billion a year earlier (all amounts except share price and market cap in U.S. dollars). The financial division’s revenue (54% of the total) fell 0.7%. But banks and other clients are buying more products than they’re cancelling, which should raise this division’s future revenue....
Every Tuesday we bring you “Best Canadian Stocks.” You get our specific recommendation on the stocks we profile, with a full explanation of how we arrived at our opinion. You’ll read about stocks making moves you should know about, from coverage in one of our three newsletters featuring Canadian stocks—The Successful Investor, Stock Pickers Digest and Canadian Wealth Advisor. THOMSON REUTERS CORP. (Toronto symbol TRI; www.thomsonreuters.com) sells information products in four areas: financial (55% of revenue, 37% of earnings); legal (27%, 41%); tax (10%, 12%); and intellectual property and science (8%, 10%). The Americas supply 60% of its revenue, followed by Europe (29%) and Asia (11%)....
THOMSON REUTERS CORP. $42 (Toronto symbol TRI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 803.7 million; Market cap: $33.8 billion; Price-to-sales ratio: 2.6; Dividend yield: 3.4%; TSINetwork Rating: Above Average; www.thomsonreuters.com) sells information products in four areas: financial (55% of revenue, 37% of earnings); legal (27%, 41%); tax (10%, 12%); and intellectual property and science (8%, 10%). The Americas supply 60% of its revenue, followed by Europe (29%) and Asia (11%).
Thomson’s revenue rose 6.2%, from $13.0 billion in 2009 to $13.8 billion in 2011 (all amounts except share price and market cap in U.S. dollars). That’s partly due to acquisitions, particularly in developing markets like Brazil. These new businesses helped offset lower sales at its main financial division as banks and brokers cut their spending after the 2008/2009 financial crisis.
Asset sales hurt revenue growth
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Thomson’s revenue rose 6.2%, from $13.0 billion in 2009 to $13.8 billion in 2011 (all amounts except share price and market cap in U.S. dollars). That’s partly due to acquisitions, particularly in developing markets like Brazil. These new businesses helped offset lower sales at its main financial division as banks and brokers cut their spending after the 2008/2009 financial crisis.
Asset sales hurt revenue growth
...
THOMSON REUTERS CORP. $42 (Toronto symbol TRI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 803.7 million; Market cap: $33.8 billion; Price-to-sales ratio: 2.6; Dividend yield: 3.4%; TSINetwork Rating: Above Average; www.thomsonreuters.com) sells information products in four areas: financial (55% of revenue, 37% of earnings); legal (27%, 41%); tax (10%, 12%); and intellectual property and science (8%, 10%). The Americas supply 60% of its revenue, followed by Europe (29%) and Asia (11%). Thomson’s revenue rose 6.2%, from $13.0 billion in 2009 to $13.8 billion in 2011 (all amounts except share price and market cap in U.S. dollars). That’s partly due to acquisitions, particularly in developing markets like Brazil. These new businesses helped offset lower sales at its main financial division as banks and brokers cut their spending after the 2008/2009 financial crisis. Asset sales hurt revenue growth...
THOMSON REUTERS CORP. $39 (Toronto symbol TRI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 811.1 million; Market cap: $31.6 billion; Price-to-sales ratio: 2.4; Dividend yield: 3.7%; TSINetwork Rating: Above Average; www.thomsonreuters.com) earned $374 million in the first quarter of 2014, up 19.5% from $313 million a year earlier (all amounts except share price and market cap in U.S. dollars). Due to fewer shares outstanding, per-share earnings rose 21.1%, to $0.46 from $0.38. Revenue rose 1.0%, to $3.13 billion from $3.10 billion.
The higher earnings are mainly due to savings from a recent restructuring plan, including job cuts and eliminating less-profitable products. These savings will help Thomson offset weaker demand for its information products from financial institutions, particularly in Europe, as they continue to cut costs in the wake of the 2008 credit crisis. Meanwhile, demand for Thomson’s other data products (legal, tax and accounting, and intellectual property/science) remains strong.
Thomson Reuters is a buy.
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The higher earnings are mainly due to savings from a recent restructuring plan, including job cuts and eliminating less-profitable products. These savings will help Thomson offset weaker demand for its information products from financial institutions, particularly in Europe, as they continue to cut costs in the wake of the 2008 credit crisis. Meanwhile, demand for Thomson’s other data products (legal, tax and accounting, and intellectual property/science) remains strong.
Thomson Reuters is a buy.
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THOMSON REUTERS CORP. $39 (Toronto symbol TRI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 811.1 million; Market cap: $31.6 billion; Price-to-sales ratio: 2.4; Dividend yield: 3.7%; TSINetwork Rating: Above Average; www.thomsonreuters.com) earned $374 million in the first quarter of 2014, up 19.5% from $313 million a year earlier (all amounts except share price and market cap in U.S....
THOMSON REUTERS CORP. (Toronto symbol TRI; www.thomsonreuters.com) gets 55% of its revenue by selling news and information to professionals in the banking industry. The remaining 45% comes from providing specialized information products to clients in the legal, accounting and scientific research fields. Thomson earned $137 million, or $0.16 a share, in 2013 (all amounts except share price and market cap in U.S. dollars). That’s down sharply from $2.0 billion, or $2.39 a share, in 2012....
THOMSON REUTERS CORP. $38 (Toronto symbol TRI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 815.8 million; Market cap: $31.0 billion; Price-to-sales ratio: 2.4; Dividend yield: 3.8%; TSINetwork Rating: Above Average; www.thomsonreuters.com) gets 55% of its revenue by selling news and information to professionals in the banking industry. The remaining 45% comes from providing specialized information products to clients in the legal, accounting and scientific research fields.
Thomson earned $137 million, or $0.16 a share, in 2013 (all amounts except share price and market cap in U.S. dollars). That’s down sharply from $2.0 billion, or $2.39 a share, in 2012.
Financial institutions continue to cut their spending on information products in the wake of the 2008 credit crisis. In response, Thomson is cutting jobs and eliminating less-profitable products.
...
Thomson earned $137 million, or $0.16 a share, in 2013 (all amounts except share price and market cap in U.S. dollars). That’s down sharply from $2.0 billion, or $2.39 a share, in 2012.
Financial institutions continue to cut their spending on information products in the wake of the 2008 credit crisis. In response, Thomson is cutting jobs and eliminating less-profitable products.
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