Thomson Reuters Co. (TSE:TRI) Director Caroline Rogge Sells 339 Shares

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Caroline Rogge sold 339 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$235.35, for a total transaction of C$79,782.97.

Thomson Reuters Trading Up 0.8 %

Thomson Reuters stock opened at C$230.96 on Friday. The company has a debt-to-equity ratio of 29.05, a quick ratio of 0.52 and a current ratio of 0.88. The stock has a market cap of C$103.87 billion, a PE ratio of 33.14, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The stock has a 50-day moving average of C$225.89 and a two-hundred day moving average of C$223.15. Thomson Reuters Co. has a one year low of C$163.01 and a one year high of C$242.92.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its earnings results on Thursday, August 1st. The company reported C$1.16 EPS for the quarter, topping analysts’ consensus estimates of C$1.10 by C$0.06. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. The company had revenue of C$2.38 billion during the quarter, compared to analysts’ expectations of C$2.38 billion. On average, research analysts anticipate that Thomson Reuters Co. will post 5.8291688 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Thursday, August 15th. Thomson Reuters’s payout ratio is 42.61%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TRI. National Bankshares upped their target price on Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. TD Securities upped their price objective on Thomson Reuters from C$230.00 to C$235.00 and gave the stock a “hold” rating in a research note on Thursday, June 20th. National Bank Financial raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th. Finally, Scotiabank upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$190.14.

About Thomson Reuters

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.