Thomson Reuters Co. (TSE:TRI) Director Peter J. Thomson Purchases 81 Shares

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI Director Peter J. Thomson acquired 81 shares of Thomson Reuters stock in a transaction that occurred on Monday, June 17th. The stock was bought at an average price of C$166.98 per share, with a total value of C$13,525.38.

Thomson Reuters Stock Performance

TRI stock traded down C$1.01 during trading on Tuesday, hitting C$228.49. 676,799 shares of the company's stock traded hands, compared to its average volume of 275,966. The company has a quick ratio of 0.52, a current ratio of 0.97 and a debt-to-equity ratio of 37.11. Thomson Reuters Co. has a 52 week low of C$163.01 and a 52 week high of C$242.92. The stock has a fifty day moving average price of C$224.86 and a two-hundred day moving average price of C$210.82. The stock has a market capitalization of C$102.94 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 3.64 and a beta of 0.38.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last released its quarterly earnings results on Thursday, May 2nd. The company reported C$1.50 EPS for the quarter, topping the consensus estimate of C$1.27 by C$0.23. The business had revenue of C$2.54 billion during the quarter, compared to analyst estimates of C$2.50 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 20.18%. As a group, equities analysts anticipate that Thomson Reuters Co. will post 5.0831533 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, May 16th were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.28%. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Wednesday, May 15th. Thomson Reuters's payout ratio is 41.94%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TRI. National Bankshares lifted their target price on shares of Thomson Reuters from C$217.00 to C$219.00 in a research report on Friday, May 3rd. TD Securities lifted their price target on shares of Thomson Reuters from C$225.00 to C$230.00 and gave the stock a "hold" rating in a report on Friday, May 3rd. Finally, National Bank Financial downgraded shares of Thomson Reuters from a "sector perform under weight" rating to an "underperform underweight" rating in a report on Tuesday, February 20th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of C$183.33.

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.