Thomson Reuters (TSE:TRI) Issues Earnings Results

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

Thomson Reuters Trading Up 3.1%

Shares of TRI stock opened at C$170.41 on Tuesday. The company has a debt-to-equity ratio of 28.56, a quick ratio of 0.52 and a current ratio of 0.51. The stock has a market capitalization of C$73.83 billion, a P/E ratio of 45.37, a price-to-earnings-growth ratio of 3.64 and a beta of 0.06. The company has a 50 day moving average price of C$147.50 and a 200 day moving average price of C$134.30. Thomson Reuters has a fifty-two week low of C$107.91 and a fifty-two week high of C$221.87.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Thomson Reuters news, insider The Woodbridge Company Limited sold 65,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of C$145.38, for a total value of C$9,449,700.00. Following the completion of the transaction, the insider owned 306,093,126 shares of the company’s stock, valued at C$44,499,818,657.88. This trade represents a 0.02% decrease in their position. Also, insider Elizabeth Florence Zimick sold 1,950 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$149.61, for a total transaction of C$291,739.50. Following the completion of the transaction, the insider owned 2,210 shares of the company’s stock, valued at approximately C$330,638.10. This trade represents a 46.88% decrease in their position. Insiders have sold a total of 269,950 shares of company stock worth $39,594,818 in the last ninety days. 69.76% of the stock is owned by corporate 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.