Thomson Reuters Co. (TSE:TRI - Get Free Report) (NYSE:TRI) Director Ryan Kessler sold 372 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of C$171.46, for a total transaction of C$63,783.12. Following the transaction, the director now directly owns 196 shares of the company's stock, valued at approximately C$33,606.16.
Thomson Reuters Stock Down 0.1 %
Shares of TSE:TRI opened at C$229.50 on Tuesday. The firm's 50 day moving average price is C$224.49 and its 200 day moving average price is C$210.55. The stock has a market cap of C$103.40 billion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 3.64 and a beta of 0.38. Thomson Reuters Co. has a fifty-two week low of C$163.01 and a fifty-two week high of C$242.92. The company has a quick ratio of 0.52, a current ratio of 0.97 and a debt-to-equity ratio of 37.11.
Thomson Reuters (TSE:TRI - Get Free Report) (NYSE:TRI) last issued its earnings results on Thursday, May 2nd. The company reported C$1.50 earnings per share for the quarter, beating the consensus estimate of C$1.27 by C$0.23. The firm had revenue of C$2.54 billion for the quarter, compared to analysts' expectations of C$2.50 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 20.18%. As a group, equities research analysts predict that Thomson Reuters Co. will post 5.0831533 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Thursday, May 16th were issued a $0.73 dividend. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date was Wednesday, May 15th. This represents a $2.92 annualized dividend and a yield of 1.27%. Thomson Reuters's dividend payout ratio (DPR) is 41.94%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on TRI. National Bank Financial lowered shares of Thomson Reuters from a "sector perform under weight" rating to an "underperform underweight" rating in a research note on Tuesday, February 20th. National Bankshares increased their target price on shares of Thomson Reuters from C$217.00 to C$219.00 in a research note on Friday, May 3rd. Finally, TD Securities increased their price target on shares of Thomson Reuters from C$225.00 to C$230.00 and gave the stock a "hold" rating in a research report on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Thomson Reuters has a consensus rating of "Hold" and a consensus price target of C$183.33.
Read Our Latest Stock Analysis on Thomson Reuters
About Thomson Reuters
(
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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.
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