Thomson Reuters (TSE:TRI) Issues Quarterly Earnings Results

Thomson Reuters (TSE:TRI) (NYSE:TRI) posted 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 firm had revenue of C$2.78 billion during the quarter.

Thomson Reuters Stock Down 10.2%

TSE TRI opened at C$137.49 on Thursday. The company has a current ratio of 0.60, a quick ratio of 0.52 and a debt-to-equity ratio of 22.71. The stock’s 50 day moving average is C$124.41 and its two-hundred day moving average is C$128.07. The company has a market capitalization of C$60.02 billion, a price-to-earnings ratio of 39.81, a PEG ratio of 3.64 and a beta of 0.08. Thomson Reuters has a 1-year low of C$107.91 and a 1-year high of C$279.00.

Insider Buying and Selling at Thomson Reuters

In other news, Director Jason Williams sold 2,864 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$122.18, for a total value of C$349,923.52. Corporate insiders own 69.76% of the company’s stock.

Analysts Set New Price Targets

TRI has been the topic of several recent research reports. Scotia decreased their price objective on Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a report on Wednesday, May 6th. Argus raised Thomson Reuters to a “hold” rating in a research report on Wednesday, April 22nd. TD lifted their price target on shares of Thomson Reuters from C$175.00 to C$185.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, National Bank Financial lowered their price target on shares of Thomson Reuters from C$175.00 to C$171.00 and set an “outperform” rating on the stock in a report on Wednesday, July 15th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Thomson Reuters currently 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.