Thomson Reuters (TSE:TRI) Posts Earnings Results

Thomson Reuters (TSE:TRI) (NYSE:TRI) issued its earnings results on Tuesday. The company reported C$1.15 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$2.61 billion for the quarter. Thomson Reuters had a return on equity of 14.27% and a net margin of 21.22%.

Thomson Reuters Stock Down 9.0%

Shares of TRI stock opened at C$155.07 on Wednesday. The stock’s 50 day simple moving average is C$147.60 and its 200 day simple moving average is C$134.19. The company has a debt-to-equity ratio of 28.56, a quick ratio of 0.52 and a current ratio of 0.51. Thomson Reuters has a twelve month low of C$107.91 and a twelve month high of C$221.87. The company has a market capitalization of C$67.18 billion, a price-to-earnings ratio of 41.28, a PEG ratio of 3.64 and a beta of 0.15.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TRI. TD set a C$200.00 price target on shares of Thomson Reuters and gave the stock a “buy” rating in a research note on Thursday, September 10th. Jefferies Financial Group raised shares of Thomson Reuters to a “strong-buy” rating in a research note on Tuesday, October 20th. Finally, National Bank Financial upped their price objective on shares of Thomson Reuters from C$171.00 to C$180.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$166.33.

Insider Buying and Selling

In other Thomson Reuters news, insider The Woodbridge Company Limited sold 65,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of C$145.38, for a total transaction of C$9,449,700.00. Following the transaction, the insider owned 306,093,126 shares in the company, valued at C$44,499,818,657.88. This trade represents a 0.02% decrease in their ownership of the stock. Also, insider David Franklin Wong sold 299 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of C$139.82, for a total transaction of C$41,806.18. Following the completion of the sale, the insider owned 21,848 shares of the company’s stock, valued at C$3,054,787.36. The trade was a 1.35% decrease in their ownership of the stock. In the last ninety days, insiders sold 269,950 shares of company stock worth $39,594,818. 69.76% of the stock is currently owned by insiders.

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.