Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 3,460,000 shares, an increase of 6.1% from the August 30th total of 3,260,000 shares. Currently, 2.0% of the shares of the company are short sold. Based on an average trading volume of 500,200 shares, the short-interest ratio is presently 6.9 days.
A number of equities research analysts have commented on TRI shares. Canaccord Genuity cut shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. National Bank Financial cut shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating in a research report on Monday, July 29th. ValuEngine cut shares of Thomson Reuters from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research cut shares of Thomson Reuters from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. Finally, TD Securities cut shares of Thomson Reuters from a “buy” rating to a “hold” rating and lifted their price objective for the company from $92.00 to $94.00 in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. Thomson Reuters presently has a consensus rating of “Hold” and a consensus target price of $70.59.
Shares of Thomson Reuters stock traded down $0.17 on Wednesday, hitting $66.14. 20,848 shares of the company traded hands, compared to its average volume of 362,743. The stock has a market capitalization of $33.00 billion, a P/E ratio of 88.34, a price-to-earnings-growth ratio of 3.05 and a beta of 0.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.93 and a current ratio of 1.93. Thomson Reuters has a 52 week low of $46.45 and a 52 week high of $71.28. The business has a 50-day simple moving average of $67.51 and a 200 day simple moving average of $65.19.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.08. Thomson Reuters had a net margin of 69.36% and a return on equity of 5.16%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. Research analysts expect that Thomson Reuters will post 1.2 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 22nd were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Wednesday, August 21st. Thomson Reuters’s dividend payout ratio (DPR) is presently 192.00%.
Hedge funds have recently bought and sold shares of the stock. Advisors Preferred LLC purchased a new position in shares of Thomson Reuters in the second quarter valued at $37,000. Zions Bancorporation N.A. purchased a new position in shares of Thomson Reuters in the second quarter valued at $52,000. Meadow Creek Investment Management LLC grew its holdings in shares of Thomson Reuters by 17.5% in the second quarter. Meadow Creek Investment Management LLC now owns 1,504 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 224 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Thomson Reuters by 29.1% in the third quarter. Signaturefd LLC now owns 1,597 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 360 shares in the last quarter. Finally, Neuburgh Advisers LLC grew its holdings in shares of Thomson Reuters by 17.5% in the second quarter. Neuburgh Advisers LLC now owns 2,068 shares of the business services provider’s stock valued at $128,000 after purchasing an additional 308 shares in the last quarter. 19.26% of the stock is owned by hedge funds and other institutional investors.
About Thomson Reuters
Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.
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