National Bank Financial Estimates TMX Group FY2024 Earnings

TMX Group Limited (TSE:X) – Analysts at National Bank Financial boosted their FY2024 EPS estimates for shares of TMX Group in a research report issued on Thursday, October 31st. National Bank Financial analyst J. Gloyn now forecasts that the company will earn $1.63 per share for the year, up from their prior estimate of $1.60. The consensus estimate for TMX Group’s current full-year earnings is $1.77 per share. National Bank Financial also issued estimates for TMX Group’s FY2025 earnings at $1.87 EPS and FY2026 earnings at $2.09 EPS.

X has been the subject of a number of other reports. TD Securities boosted their target price on shares of TMX Group from C$42.00 to C$43.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Scotiabank boosted their target price on shares of TMX Group from C$39.00 to C$43.50 in a report on Wednesday, July 24th. Royal Bank of Canada upped their price objective on shares of TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. BMO Capital Markets upped their target price on TMX Group from C$46.00 to C$50.00 in a research report on Friday, November 1st. Finally, CIBC upped their price objective on TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, TMX Group has an average rating of “Hold” and a consensus price target of C$44.81.

TMX Group Trading Up 1.5 %

TMX Group stock opened at C$44.40 on Monday. The firm’s 50 day moving average price is C$43.09 and its 200-day moving average price is C$40.15. TMX Group has a 1 year low of C$28.52 and a 1 year high of C$45.92. The company has a debt-to-equity ratio of 51.71, a current ratio of 1.00 and a quick ratio of 0.01. The stock has a market cap of C$12.32 billion, a P/E ratio of 29.76, a PEG ratio of 12.65 and a beta of 0.43.

TMX Group (TSE:X) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.01. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. The company had revenue of C$353.80 million for the quarter, compared to the consensus estimate of C$356.24 million.

Insider Buying and Selling

In other TMX Group news, Director Elias Anastasopoulos sold 20,850 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total transaction of C$886,125.00. In other news, Director Elias Anastasopoulos sold 20,850 shares of TMX Group stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total transaction of C$886,125.00. Also, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of TMX Group stock in a transaction on Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total value of C$1,579,766.56. 1.15% of the stock is currently owned by company insiders.

TMX Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.71%. TMX Group’s dividend payout ratio is currently 50.34%.

TMX Group Company Profile

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.