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Summary
- Today, March 4, happens to be World Book Day, an occasion publicized by the UNESCO to celebrate books and literature.
- Stocks of Canadian media conglomerate Thomson Reuters are currently ranked high among trending industrial stocks on the Toronto Stock Exchange (TSX).
- Canadian bookstore chain Indigo Books & Music saw its stocks balloon by about 30 per cent in past one year.
Today, March 4, happens to be World Book Day, an occasion publicized by the UNESCO to celebrate books and literature. Organized on the first Thursday of March, the annual event being held for the 24th year in 2021. Though primarily celebrated in the United Kingdom, the day is acknowledged in more than 100 countries around the world and is not to be confused with the World Book Day commemorated on William Shakespeare's birth anniversary on April 23.
So with books and literature on our minds, let’s read into the stock profiles of three TSX-listed publishing and printing companies – Indigo Books & Music Inc (TSX:IDG), Transcontinental Inc (TSX:TCL.A) and Thomson Reuters Corporation (TSX:TRI).
1. Thomson Reuters Corporation (TSX:TRI)
Stocks of Canadian media conglomerate Thomson Reuters are currently ranked high among trending industrial stocks on the Toronto Stock Exchange (TSX). In the past three years, the stock has expanded nearly 96 per cent.
The Toronto-based multinational company posts a market value* of over C$ 54 billion, an return on equity* (ROE) of 17.46 per cent and a return on assets* (ROA) of 9.63 per cent.
Thomson Reuters also pays a quarterly dividend of US$ 0.405, which will be payable of March 17. It currently has a dividend yield of 1.846 per cent.
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2. Indigo Books & Music Inc (TSX:IDG)
Canadian bookstore chain Indigo Books & Music is the biggest book, gift and specialty toy seller in the country, with about 89 super stores under its banner. Its stocks ballooned by about 30 per cent in past one year and by nearly 25 per cent year-to-date (YTD).
On Thursday morning, Indigo stocks were up by about two per cent to C$ 4.035 (10.40AM EST), recording a price-to-book* ratio of 1.809.
Indigo reported net earnings of over C$ 30.72 million and revenue of C$ 365 million in the third quarter ending 26 December 2020.
Source: Pixabay
3. Transcontinental Inc (TSX:TCL.A)
Transcontinental, a printing and specialty media company that operates as TC Transcontinental, saw its stocks soar by nearly 37 per cent in the last six months. in the last one year, the Montreal-based firm’s shares have expanded by almost 25 per cent.
With a market cap* of C$ 1.5 billion Transcontinental holds a price-to-book* ratio of 1.055, a return on equity* (ROE) of 8.71 per cent and a return on asset* (ROA) of four per cent.
Transcontinental released its first quarter fiscal 2021 results last month and it showed net earnings of about C$ 27.7 million. The company also generated revenues of C$ 622.7 million for the quarter ending 24 January 2021.
