Thomson Reuters (TSE:TRI) Share Price Crosses Above Two Hundred Day Moving Average of $212.19

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$212.19 and traded as high as C$234.15. Thomson Reuters shares last traded at C$233.48, with a volume of 399,422 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TRI shares. National Bankshares increased their price target on Thomson Reuters from C$217.00 to C$219.00 in a research report on Friday, May 3rd. TD Securities increased their price target on Thomson Reuters from C$230.00 to C$235.00 and gave the company a “hold” rating in a research report on Thursday, June 20th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$183.89.

Thomson Reuters Stock Performance

The company has a debt-to-equity ratio of 37.11, a quick ratio of 0.52 and a current ratio of 0.97. The company has a market capitalization of C$105.19 billion, a P/E ratio of 33.31, a price-to-earnings-growth ratio of 3.64 and a beta of 0.38. The business has a 50 day moving average of C$226.98 and a 200-day moving average of C$212.19.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings data on Thursday, May 2nd. The company reported C$1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.27 by C$0.23. Thomson Reuters had a return on equity of 20.18% and a net margin of 34.87%. The company had revenue of C$2.54 billion for the quarter, compared to analyst estimates of C$2.50 billion. On average, sell-side analysts predict that Thomson Reuters Co. will post 5.0831533 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Thursday, May 16th were paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.25%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date was Wednesday, May 15th. Thomson Reuters’s payout ratio is presently 41.94%.

Insiders Place Their Bets

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 600 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of C$163.82, for a total value of C$98,292.00. In other Thomson Reuters news, Director Ryan Kessler sold 372 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of C$171.46, for a total value of C$63,783.12. Following the transaction, the director now directly owns 196 shares in the company, valued at approximately C$33,606.16. Also, Senior Officer David Franklin Wong sold 600 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of C$163.82, for a total value of C$98,292.00. Insiders have sold 1,117 shares of company stock worth $186,397 in the last ninety days. 69.64% of the stock is currently owned by insiders.

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.