Thomson Reuters Co. (TSE:TRI) Senior Officer Sells C$1,247,459.18 in Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Senior Officer Kirsty Roth sold 5,310 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$234.93, for a total transaction of C$1,247,459.18.

Thomson Reuters Trading Down 0.4 %

TSE TRI opened at C$230.12 on Friday. The stock has a market capitalization of C$103.49 billion, a P/E ratio of 32.87, a P/E/G ratio of 3.64 and a beta of 0.40. The business has a 50 day simple moving average of C$225.99 and a 200 day simple moving average of C$223.25. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. Thomson Reuters Co. has a one year low of C$163.01 and a one year high of C$242.92.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$1.16 EPS for the quarter, topping the consensus estimate of C$1.10 by C$0.06. The company had revenue of C$2.38 billion during the quarter, compared to the consensus estimate of C$2.38 billion. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. Research analysts expect that Thomson Reuters Co. will post 5.753 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of 0.35%. Thomson Reuters’s dividend payout ratio is currently 41.86%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. National Bankshares increased their price objective on Thomson Reuters from C$219.00 to C$231.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Scotiabank raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 27th. TD Securities lifted their price objective on Thomson Reuters from C$230.00 to C$235.00 and gave the stock a “hold” rating in a research note on Thursday, June 20th. Finally, National Bank Financial raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$190.14.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of 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. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.