Thomson Reuters (TSE:TRI) Insider Elizabeth Florence Zimick Sells 1,950 Shares of Stock

Key Points

• Insider sale: Elizabeth Florence Zimick sold 1,950 Thomson Reuters shares at an average price of C$149.61, generating approximately C$291,740. She retained 2,210 shares, reducing her ownership by 46.88%.
• Stock performance and earnings: Thomson Reuters shares recently rose 3.1% to C$141.73, while the company reported quarterly earnings of C$1.41 per share and revenue of C$2.78 billion.
• Analyst outlook: Analysts maintain a consensus “Buy” rating, with an average price target of C$166.33; recent target prices range from C$138 to C$200.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI 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 transaction, the insider directly owned 2,210 shares in the company, valued at approximately C$330,638.10. The trade was a 46.88% decrease in their ownership of the stock.

Thomson Reuters Stock Up 3.1%

Shares of TRI stock traded up C$4.32 on Tuesday, hitting C$141.73. The stock had a trading volume of 460,496 shares, compared to its average volume of 813,467. The firm has a market capitalization of C$61.40 billion, a price-to-earnings ratio of 37.73, a P/E/G ratio of 3.64 and a beta of 0.08. The stock's 50 day moving average is C$128.17 and its 200-day moving average is C$126.67. The company has a debt-to-equity ratio of 26.44, a quick ratio of 0.52 and a current ratio of 0.51. Thomson Reuters Co. has a 52-week low of C$107.91 and a 52-week high of C$248.50.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last released its quarterly earnings results on Wednesday, August 5th. The company reported C$1.41 earnings per share for the quarter. Thomson Reuters had a net margin of 21.22% and a return on equity of 14.27%. The business had revenue of C$2.78 billion during the quarter. As a group, research analysts expect that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TRI has been the topic of a number of analyst reports. National Bank Financial lifted their target price on Thomson Reuters from C$171.00 to C$180.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Argus upgraded Thomson Reuters to a "hold" rating in a research note on Wednesday, April 22nd. TD increased their target price on Thomson Reuters from C$185.00 to C$200.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Scotia decreased their price target on shares of Thomson Reuters from C$156.00 to C$138.00 and set a "sector outperform" rating for the company in a research report on Wednesday, May 6th. Three equities 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 stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of C$166.33.

Thomson Reuters Company Profile

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.

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