Thomson Reuters (NASDAQ:TRI) Shares Down 4.7% - Should You Sell?

Key Points

• Thomson Reuters shares fell 4.7% on Thursday, closing at $161.34, with trading volume increasing by 105% compared to the average session.
• Several research firms upgraded their ratings for Thomson Reuters from "hold" to "strong-buy," contributing to an average rating of "Strong Buy" from analysts.
• The company recently announced a quarterly dividend of $0.595 per share, translating to an annualized yield of 1.5% and a payout ratio of 65.75%.

Thomson Reuters Corp (NASDAQ:TRI - Get Free Report) shares fell 4.7% on Thursday . The stock traded as low as $160.95 and last traded at $161.34. 1,855,746 shares traded hands during trading, an increase of 105% from the average session volume of 904,674 shares. The stock had previously closed at $169.21.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TRI. Scotiabank raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Cibc World Mkts raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Wells Fargo & Company raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 9th. Wall Street Zen cut shares of Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Finally, TD Securities raised shares of Thomson Reuters from a "hold" rating to a "buy" rating in a report on Thursday, August 28th. Three analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Strong Buy".

Thomson Reuters Stock Performance

The company has a market cap of $72.38 billion, a price-to-earnings ratio of 44.37, a price-to-earnings-growth ratio of 5.51 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.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. Thomson Reuters had a net margin of 22.34% and a return on equity of 14.04%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.79 billion.

Thomson Reuters Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th were issued a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, August 19th. Thomson Reuters's dividend payout ratio (DPR) is 65.75%.

Thomson Reuters Company Profile

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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