Thomson Reuters (TSE:TRI) Issues Quarterly Earnings Results

Thomson Reuters (TSE:TRI) (NYSE:TRI) released its quarterly earnings results on Wednesday. The company reported C$1.41 EPS for the quarter, FiscalAI reports. Thomson Reuters had a return on equity of 12.70% and a net margin of 19.93%.The company had revenue of C$2.78 billion during the quarter.

Thomson Reuters Trading Down 8.9%

TRI traded down C$13.58 during trading hours on Wednesday, reaching C$139.54. 611,899 shares of the company’s stock traded hands, compared to its average volume of 819,307. The firm has a 50-day moving average price of C$123.93 and a 200 day moving average price of C$128.32. The firm has a market capitalization of C$60.91 billion, a PE ratio of 40.41, a PEG ratio of 3.64 and a beta of 0.08. The company has a quick ratio of 0.52, a current ratio of 0.60 and a debt-to-equity ratio of 22.71. Thomson Reuters has a 52-week low of C$107.91 and a 52-week high of C$279.00.

Insider Buying and Selling at Thomson Reuters

In related news, Director Sean Cannizzaro sold 320 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of C$130.70, for a total value of C$41,824.00. Following the transaction, the director owned 1,075 shares of the company’s stock, valued at C$140,502.50. This trade represents a 22.94% decrease in their position. Also, Director Jason Williams sold 2,864 shares of Thomson Reuters stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$122.18, for a total transaction of C$349,923.52. Over the last quarter, insiders have sold 3,497 shares of company stock valued at $432,829. Corporate insiders own 69.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TRI shares. Scotia dropped their target price on Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating for the company in a report on Wednesday, May 6th. TD increased their price target on Thomson Reuters from C$175.00 to C$185.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Argus upgraded Thomson Reuters to a “hold” rating in a research report on Wednesday, April 22nd. Finally, National Bank Financial dropped their price objective on shares of Thomson Reuters from C$175.00 to C$171.00 and set an “outperform” rating for the company in a research note on Wednesday, July 15th. Four equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$162.33.

About Thomson Reuters

Thomson Reuters (TSX/Nasdaq: TRI) powers business-critical professions with trusted AI technology built for high-stakes work. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media with products that combine highly specialized software, authoritative content, and deep domain expertise. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.