Thomson Reuters (TRI) Hits New 1-Year Low at $49.26

Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) reached a new 52-week low during trading on Wednesday . The stock traded as low as C$49.26 and last traded at C$49.28, with a volume of 606379 shares traded. The stock had previously closed at C$50.41.

Separately, National Bank Financial lowered Thomson Reuters from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$68.00 to C$60.00 in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Thomson Reuters presently has a consensus rating of “Hold” and a consensus target price of C$62.25.

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Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data on Thursday, February 8th. The company reported C$0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.72 by C$0.05. The firm had revenue of C$3.74 billion during the quarter, compared to the consensus estimate of C$3.71 billion. Thomson Reuters had a return on equity of 8.57% and a net margin of 9.85%.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, February 22nd were issued a dividend of $0.433 per share. This represents a $1.73 dividend on an annualized basis and a yield of 3.52%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.35. The ex-dividend date was Wednesday, February 21st.

In other news, Director Priscilla C. Hughes sold 7,873 shares of Thomson Reuters stock in a transaction dated Monday, March 12th. The stock was sold at an average price of C$40.48, for a total value of C$318,699.04. Also, 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.

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Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

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