Thomson Reuters Co. (TSE:TRI) Director Sells C$370,591.65 in Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Kerry Hendrikx sold 1,500 shares of Thomson Reuters stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of C$247.06, for a total transaction of C$370,591.65.

Thomson Reuters Trading Up 0.4 %

TRI stock opened at C$249.20 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 24.28. Thomson Reuters Co. has a twelve month low of C$204.57 and a twelve month high of C$260.45. The company has a market cap of C$78.73 billion, a P/E ratio of 37.52, a PEG ratio of 3.64 and a beta of 0.40. The business has a fifty day moving average of C$247.61 and a 200-day moving average of C$237.15.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Thursday, February 6th. The company reported C$1.01 earnings per share for the quarter, topping the consensus estimate of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%. During the same quarter in the previous year, the company posted $0.98 earnings per share. As a group, equities research analysts expect that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Thomson Reuters Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 0.96%. Thomson Reuters’s payout ratio is presently 44.12%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TRI shares. BMO Capital Markets raised their price target on Thomson Reuters from C$260.00 to C$265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. National Bankshares lifted their price target on Thomson Reuters from C$260.00 to C$286.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, TD Securities increased their price objective on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Thomson Reuters presently has an average rating of “Buy” and an average price target of C$270.33.

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.