Equities Analysts Set Expectations for TMX Group Limited’s Q1 2022 Earnings (TSE:X)

TMX Group Limited (TSE:XGet Rating) – Stock analysts at National Bank Financial issued their Q1 2022 earnings per share estimates for shares of TMX Group in a research note issued to investors on Sunday, May 1st. National Bank Financial analyst J. Gloyn forecasts that the company will post earnings per share of $1.71 for the quarter. National Bank Financial has a “Sector Perform” rating and a $139.00 price objective on the stock. National Bank Financial also issued estimates for TMX Group’s FY2022 earnings at $6.81 EPS and FY2023 earnings at $7.40 EPS.

TMX Group (TSE:XGet Rating) last posted its quarterly earnings data on Monday, February 7th. The company reported C$1.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.70 by C$0.07. The company had revenue of C$252.40 million for the quarter, compared to analysts’ expectations of C$248.38 million.

Several other research firms have also recently issued reports on X. National Bankshares dropped their target price on TMX Group from C$147.00 to C$139.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 8th. Deutsche Bank Aktiengesellschaft upped their price target on TMX Group from C$145.00 to C$152.00 in a report on Thursday, April 7th. BMO Capital Markets lowered their price target on TMX Group from C$157.00 to C$150.00 in a report on Thursday, February 10th. Royal Bank of Canada upgraded TMX Group from a “sector perform” rating to a “buy” rating and upped their price target for the stock from C$151.00 to C$163.00 in a report on Monday, April 25th. Finally, TD Securities lowered their price target on TMX Group from C$160.00 to C$155.00 and set a “buy” rating on the stock in a report on Wednesday, February 2nd. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$148.25.

TSE X opened at C$130.35 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 29.59. The business’s 50 day moving average is C$130.43 and its two-hundred day moving average is C$129.38. TMX Group has a 12-month low of C$121.42 and a 12-month high of C$145.69. The stock has a market capitalization of C$7.29 billion and a price-to-earnings ratio of 21.76.

The business also recently announced a quarterly dividend, which was paid on Friday, March 11th. Shareholders of record on Friday, March 11th were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Thursday, February 24th. This is a boost from TMX Group’s previous quarterly dividend of $0.77. TMX Group’s dividend payout ratio is 50.25%.

TMX Group Company Profile (Get Rating)

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

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