Thomson Reuters (NASDAQ:TRI) Hits New 52-Week Low - Here's What Happened

Key Points

• Thomson Reuters Corp shares hit a new 52-week low of $149.76, closing at $150.19 with a trading volume of 156,020 shares.
• Despite the recent price drop, analysts have mixed ratings on the stock, with three giving it a Strong Buy, one a Buy, and one a Hold.
• The company reported earnings per share of $0.87 for the last quarter, exceeding analysts' expectations, and also announced a quarterly dividend of $0.595 per share.

Shares of Thomson Reuters Corp (NASDAQ:TRI - Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as $149.76 and last traded at $150.19, with a volume of 156020 shares traded. The stock had previously closed at $151.70.

Wall Street Analysts Forecast Growth

TRI has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Thomson Reuters in a research note on Wednesday. Wall Street Zen downgraded shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Scotiabank raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. TD Securities raised shares of Thomson Reuters from a "hold" rating to a "buy" rating in a research report on Thursday, August 28th. Finally, Wells Fargo & Company raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 9th. Three investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy".

Thomson Reuters Stock Down 1.1%

The firm has a market capitalization of $67.39 billion, a price-to-earnings ratio of 41.46, a price-to-earnings-growth ratio of 4.93 and a beta of 0.74. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $169.72.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The business had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.79 billion. Thomson Reuters had a net margin of 22.34% and a return on equity of 14.04%.

Thomson Reuters Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, August 19th. Thomson Reuters's dividend payout ratio is presently 65.75%.

About Thomson Reuters

Thomson Reuters Corporation provides 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.

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