Thomson Reuters (TSX: TRI): Should You Invest In This Media Stock?

2 min read | February 23, 2021 11:09 AM EST | By Anuj

Thomson Reuters (TSX: TRI): Should You Invest In This Media Stock?

Thomson Reuters Corporation (TSX: TRI)

The business service provider’ global print revenues fell 10 per cent to US$ 177 million, due to COVID-19 led lockdowns. Diluted earnings per share slumped by 53 per cent YoY to US$ 1.13 in Q4 2020.

Reuters raised its annualized dividend by US$0.10 per share and is distributing quarterly dividend of US$ 0.38 per piece. The stock holds a dividend yield of 1.985 per cent.

Image Source: Kalkine Group @2021

It has a current price of C$ 101.26, down from its 52-week high of C$ 115.66.

The return on equity is 17.46 per cent with a current market cap is C$ 50.34 billion.

The stock is down by approximately 3 per cent year-to-date (YTD).

Outlook 2021-2023

The company has projected an organic revenue growth between 5 per cent to 6 per cent in 2023. It expects to generate free cash flow in the range of US$ 1.8 billion to US$ 2.0 billion in 2023.

Thomson Reuters aims to investment between US$ 500 million and US$ 600 million for 2021 and 2022, respectively.

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