Thomson Reuters Co. (TSE:TRI) Director Kerry Hendrikx Sells 1,500 Shares

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Kerry Hendrikx sold 1,500 shares of the firm’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of C$247.06, for a total value of C$370,591.65.

Thomson Reuters Stock Down 1.0 %

Shares of Thomson Reuters stock opened at C$244.70 on Monday. The stock’s 50-day moving average is C$246.94 and its 200 day moving average is C$236.91. Thomson Reuters Co. has a one year low of C$204.57 and a one year high of C$260.45. The firm has a market cap of C$77.30 billion, a price-to-earnings ratio of 36.85, a PEG ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Thursday, February 6th. The company reported C$1.01 EPS for the quarter, topping the consensus estimate of C$0.97 by C$0.04. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. During the same quarter in the prior year, the business posted $0.98 earnings per share. Equities research analysts anticipate that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Thomson Reuters Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 0.97%. Thomson Reuters’s dividend payout ratio is currently 44.12%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TRI shares. BMO Capital Markets increased their price target on Thomson Reuters from C$260.00 to C$265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. TD Securities increased their target price on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Finally, National Bankshares boosted their price target on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Thomson Reuters currently has an average rating of “Buy” and a consensus price target of C$270.33.

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.