Thomson Reuters (TSE:TRI – Get Free Report) (NYSE:TRI) announced its quarterly earnings results on Tuesday. The company reported C$1.15 earnings per share (EPS) 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 13.75% and a net margin of 20.01%.
Thomson Reuters Stock Up 5.5%
Shares of Thomson Reuters stock opened at C$163.55 on Thursday. Thomson Reuters has a 1 year low of C$107.91 and a 1 year high of C$211.53. The company has a 50-day moving average of C$147.99 and a 200 day moving average of C$134.14. The firm has a market cap of C$70.86 billion, a price-to-earnings ratio of 43.54, a PEG ratio of 3.64 and a beta of 0.15. The company has a debt-to-equity ratio of 33.96, a current ratio of 1.08 and a quick ratio of 0.52.
Insider Activity
In related news, insider Elizabeth Florence Zimick sold 1,950 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of C$149.61, for a total value of C$291,739.50. Following the transaction, the insider owned 2,210 shares in the company, valued at C$330,638.10. The trade was a 46.88% decrease in their position. Also, insider The Woodbridge Company Limited sold 120,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of C$148.19, for a total transaction of C$17,782,800.00. Following the completion of the transaction, the insider owned 306,223,126 shares in the company, valued at approximately C$45,379,205,041.94. This represents a 0.04% decrease in their position. In the last ninety days, insiders sold 266,950 shares of company stock valued at $39,175,440. 69.76% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on TRI shares. Jefferies Financial Group upgraded Thomson Reuters to a “strong-buy” rating in a report on Tuesday, October 20th. TD set a C$200.00 target price on Thomson Reuters and gave the company a “buy” rating in a research note on Thursday, September 10th. Finally, National Bank Financial boosted their target price on Thomson Reuters from C$180.00 to C$190.00 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$168.00.
Read Our Latest Research Report on TRI
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.
See Also
- Five stocks we like better than Thomson Reuters
- 3 AI Infrastructure Plays Beyond Chipmakers
- Keurig Dr Pepper’s Beverage Growth Raises a Tough Question About Its Coffee Split
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
Receive News & Ratings for Thomson Reuters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters and related companies with MarketBeat.com's FREE daily email newsletter.
