Caroline Rogge Sells 339 Shares of Thomson Reuters Co. (TSE:TRI) Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Caroline Rogge sold 339 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$235.35, for a total value of C$79,782.97.

Thomson Reuters Trading Down 0.4 %

Shares of TRI stock 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 company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05. The firm’s 50 day moving average is C$225.99 and its 200 day moving average is C$223.20. Thomson Reuters Co. has a 12-month low of C$163.01 and a 12-month high of C$242.92.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued 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 analyst estimates of C$2.38 billion. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. Research analysts expect that Thomson Reuters Co. will post 5.753 earnings per share for the current year.

Thomson Reuters Cuts Dividend

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. TD Securities upped their price target on shares of 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. Scotiabank upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 27th. National Bankshares increased their price target on shares of 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. Finally, National Bank Financial upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Sunday, September 8th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.