Linda Walker Sells 4,750 Shares of Thomson Reuters Co. (TSE:TRI) Stock

Thomson Reuters Co. (TSE:TRIGet Free Report) (NYSE:TRI) Director Linda Walker sold 4,750 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of C$156.75, for a total transaction of C$744,562.50.

Thomson Reuters Stock Up 0.5 %

TRI opened at C$212.65 on Friday. Thomson Reuters Co. has a fifty-two week low of C$159.25 and a fifty-two week high of C$217.83. The company’s 50-day moving average is C$208.64 and its 200 day moving average is C$190.47. The company has a debt-to-equity ratio of 32.01, a current ratio of 0.90 and a quick ratio of 0.52. The firm has a market capitalization of C$95.98 billion, a P/E ratio of 27.72, a PEG ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRIGet Free Report) (NYSE:TRI) last posted its quarterly earnings data on Thursday, February 8th. The company reported C$1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.25 by C$0.09. Thomson Reuters had a net margin of 39.67% and a return on equity of 23.06%. The business had revenue of C$2.47 billion during the quarter, compared to the consensus estimate of C$2.52 billion. Research analysts expect that Thomson Reuters Co. will post 4.9801077 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were issued a dividend of $0.54 per share. The ex-dividend date was Tuesday, February 20th. This represents a $2.16 dividend on an annualized basis and a yield of 1.02%. Thomson Reuters’s dividend payout ratio (DPR) is presently 37.94%.

Analyst Ratings Changes

TRI has been the topic of a number of recent research reports. Royal Bank of Canada raised their price objective on shares of Thomson Reuters from C$149.00 to C$153.00 and gave the company a “sector perform” rating in a research note on Friday, February 9th. BMO Capital Markets raised their price objective on shares of Thomson Reuters from C$211.00 to C$222.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. CIBC raised their price target on shares of Thomson Reuters from C$138.00 to C$146.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Canaccord Genuity Group raised their price target on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, National Bank Financial lowered shares of Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$181.78.

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About Thomson Reuters

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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.

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