Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) Director Priscilla C. Hughes sold 7,873 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of C$40.48, for a total transaction of C$318,699.04.
Shares of Thomson Reuters Corp (TSE:TRI) opened at C$51.22 on Tuesday. Thomson Reuters Corp has a one year low of C$49.26 and a one year high of C$62.83. The firm has a market cap of $36,690.00, a PE ratio of 26.00 and a beta of 0.32.
Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings data on Thursday, February 8th. The company reported C$0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.72 by C$0.05. The company had revenue of C$3.74 billion during the quarter, compared to analyst estimates of C$3.71 billion. Thomson Reuters had a net margin of 9.85% and a return on equity of 8.57%.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, February 22nd were given 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 dividend yield of 3.38%. The ex-dividend date was Wednesday, February 21st. Thomson Reuters’s dividend payout ratio (DPR) is presently 70.05%.
A number of research analysts have recently commented on the stock. National Bank Financial cut shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$68.00 to C$60.00 in a report on Wednesday, January 31st. Scotiabank cut their price target on shares of Thomson Reuters to C$69.00 and set an “outperform” rating on the stock in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price 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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