Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) Director Linda Walker sold 9,690 shares of Thomson Reuters stock in a transaction dated Monday, March 19th. The shares were sold at an average price of C$38.98, for a total value of C$377,716.20.
Thomson Reuters Corp (TRI) traded up C$0.67 on Tuesday, reaching C$51.89. The company had a trading volume of 2,193,215 shares, compared to its average volume of 910,246. Thomson Reuters Corp has a 12-month low of C$49.26 and a 12-month high of C$62.83. The firm has a market cap of $36,690.00, a price-to-earnings ratio of 26.00 and a beta of 0.32.
Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Thursday, February 8th. The company reported C$0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.72 by C$0.05. Thomson Reuters had a return on equity of 8.57% and a net margin of 9.85%. The firm had revenue of C$3.74 billion during the quarter, compared to analyst estimates of C$3.71 billion.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, February 22nd were issued a $0.433 dividend. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.35. This represents a $1.73 annualized dividend and a yield of 3.34%. The ex-dividend date was Wednesday, February 21st. Thomson Reuters’s payout ratio is 70.05%.
Several equities research analysts have recently issued reports on TRI shares. National Bank Financial lowered Thomson Reuters from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$68.00 to C$60.00 in a report on Wednesday, January 31st. Scotiabank reduced their price target on Thomson Reuters to C$69.00 and set an “outperform” rating for the company in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Thomson Reuters currently has an average rating of “Hold” and a consensus price target of C$62.25.
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About Thomson Reuters
Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
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