The Investment Reporter, in its April 10, 2015, issue, refreshes its buy of Thomson Reuters Corp., recently $50.31. The Reporter said buy 21 times from March 12, 1996, to Nov. 14, 2014, at prices ranging from $17.75 to $49.20. A $1,000 investment for each of the 21 buys would now be worth $30,085. The news and information company earned an adjusted $1.49-billion or $1.85 a share in 2014 (all currency in U.S. dollars). This was up from adjusted earnings of $1.28-billion or $1.54 a share in 2013. Thomson Reuters earned higher operating profit in all four its segments. Its revenue, on the other hand, slipped by 0.7 per cent to $12.6-billion because of the higher U.S. dollar, which reduced the value of sales outside the U.S. Confirming the higher earnings, cash flow climbed by 10 per cent to $2.79-billion and exceeded the company's needs. Thomson Reuters will likely earn $2.59 (Canadian) a share in 2015 and $2.93 (Canadian) a share in 2016. With earnings expected to climb this year and next, the company has raised its dividend for the 22nd year in a row. It now pays out $1.34 a share, which works out to an attractive yield of 3.3 per cent. The stock remains a buy for gains and rising dividends.
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