TMX Group (TSE:X) Sets New 1-Year High Following Earnings Beat

TMX Group Limited (TSE:X - Get Free Report)'s share price reached a new 52-week high during trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as C$45.92 and last traded at C$44.60, with a volume of 2000 shares. The stock had previously closed at C$43.90.

The company reported C$0.41 earnings per share for the quarter, topping analysts' consensus estimates of C$0.40 by C$0.01. The company had revenue of C$353.80 million during the quarter, compared to analysts' expectations of C$356.24 million. TMX Group had a return on equity of 10.08% and a net margin of 13.39%.

TMX Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were issued a $0.19 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.76 dividend on an annualized basis and a yield of 1.75%. TMX Group's dividend payout ratio (DPR) is 50.34%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on X. CIBC boosted their target price on shares of TMX Group from C$43.00 to C$46.00 in a research report on Thursday. Barclays increased their price target on TMX Group from C$40.00 to C$42.00 in a report on Friday, August 2nd. Royal Bank of Canada lifted their target price on TMX Group from C$44.00 to C$46.00 and gave the stock an "outperform" rating in a research report on Thursday, August 1st. Scotiabank increased their price target on TMX Group from C$39.00 to C$43.50 in a research report on Wednesday, July 24th. Finally, National Bankshares boosted their price target on TMX Group from C$43.00 to C$44.00 and gave the stock a "sector perform" rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of C$44.31.

Insider Transactions at TMX Group

In other news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the company's stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. In other news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of TMX Group stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. Also, 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 value of C$886,125.00. Corporate insiders own 1.15% of the company's stock.

TMX Group Price Performance

The company has a 50 day moving average of C$43.01 and a 200 day moving average of C$40.00. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71. The firm has a market cap of C$12.07 billion, a price-to-earnings ratio of 29.52, a P/E/G ratio of 12.65 and a beta of 0.43.

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.