TMX Group Limited Forecasted to Post Q2 2022 Earnings of $1.72 Per Share (TSE:X)

TMX Group Limited (TSE:XGet Rating) – Research analysts at National Bank Financial lifted their Q2 2022 EPS estimates for shares of TMX Group in a research note issued on Monday, May 2nd. National Bank Financial analyst J. Gloyn now expects that the company will post earnings of $1.72 per share for the quarter, up from their prior estimate of $1.71. National Bank Financial currently has a “Sector Perform” rating and a $139.00 price target on the stock. National Bank Financial also issued estimates for TMX Group’s Q3 2022 earnings at $1.66 EPS and Q4 2022 earnings at $1.76 EPS.

A number of other research analysts have also issued reports on X. TD Securities dropped their price objective on shares of TMX Group from C$160.00 to C$155.00 and set a “buy” rating for the company in a report on Wednesday, February 2nd. BMO Capital Markets lowered their price objective on TMX Group from C$157.00 to C$150.00 in a research note on Thursday, February 10th. CIBC reduced their target price on TMX Group from C$145.00 to C$140.00 in a report on Wednesday, January 26th. Royal Bank of Canada boosted their target price on TMX Group from C$163.00 to C$165.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Scotiabank lowered their price objective on TMX Group from C$150.00 to C$148.00 in a research report on Thursday, February 10th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$148.75.

X opened at C$132.27 on Wednesday. The company has a market capitalization of C$7.40 billion and a PE ratio of 22.08. The company has a debt-to-equity ratio of 29.59, a current ratio of 1.01 and a quick ratio of 0.01. The business has a fifty day simple moving average of C$130.59 and a 200 day simple moving average of C$129.38. TMX Group has a 1 year low of C$121.42 and a 1 year high of C$145.69.

TMX Group (TSE:XGet Rating) last issued its earnings results on Monday, February 7th. The company reported C$1.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.70 by C$0.07. The company had revenue of C$252.40 million for the quarter, compared to the consensus estimate of C$248.38 million.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 3rd. Stockholders of record on Friday, June 3rd will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Thursday, May 19th. TMX Group’s payout ratio is currently 50.25%.

About TMX Group (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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