Brokers Offer Predictions for TMX Group FY2024 Earnings

TMX Group Limited (TSE:X - Free Report) - Equities researchers at National Bank Financial boosted their FY2024 earnings estimates for TMX Group in a report released on Thursday, October 31st. National Bank Financial analyst J. Gloyn now expects that the company will earn $1.63 per share for the year, up from their prior forecast 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.

TMX Group (TSE:X - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share for the quarter, topping the consensus estimate of C$0.40 by C$0.01. The company had revenue of C$353.80 million during the quarter, compared to analyst estimates of C$356.24 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%.

Other equities research analysts also recently issued research reports about the company. Barclays upped 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 boosted their target price on shares of TMX Group from C$44.00 to C$46.00 and gave the stock an "outperform" rating in a research note on Thursday, August 1st. BMO Capital Markets lifted their price target on TMX Group from C$46.00 to C$50.00 in a report on Friday. CIBC upped their price target on shares of TMX Group from C$43.00 to C$46.00 in a research report on Thursday. Finally, Scotiabank increased their price target on TMX Group from C$39.00 to C$43.50 in a report on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of C$44.81.

TMX Group Trading Up 0.5 %

X traded up C$0.22 during mid-day trading on Monday, hitting C$43.74. 431,170 shares of the stock were exchanged, compared to its average volume of 355,729. The firm's fifty day moving average is C$43.06 and its two-hundred day moving average is C$40.10. TMX Group has a 1-year low of C$28.52 and a 1-year high of C$45.92. The company has a market cap of C$12.14 billion, a PE ratio of 29.64, a PEG ratio of 12.65 and a beta of 0.43. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71.

Insiders Place Their Bets

In other TMX Group news, Director Elias Anastasopoulos sold 20,850 shares of the firm's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total value of C$886,125.00. In other news, Director Elias Anastasopoulos sold 20,850 shares of the business's stock in a transaction on Thursday, August 29th. The shares were 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 the stock in a transaction on Thursday, August 8th. The stock was 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 owned by corporate insiders.

TMX Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 29th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.74%. TMX Group's dividend payout ratio (DPR) 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.