Thomson Reuters (NASDAQ:TRI) Trading 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%.

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

Analyst Ratings Changes

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

Thomson Reuters Trading Up 0.4%

The stock has a market capitalization of $73.23 billion, a PE ratio of 42.77, a price-to-earnings-growth ratio of 5.28 and a beta of 0.74. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.79 and a quick ratio of 0.79.

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

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were given a dividend of $0.595 per share. 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 is 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.