TMX Group Limited to Post Q3 2022 Earnings of $1.71 Per Share, National Bank Financial Forecasts (TSE:X)

TMX Group Limited (TSE:X – Get Rating) – Investment analysts at National Bank Financial lifted their Q3 2022 EPS estimates for TMX Group in a research note issued to investors on Thursday, July 28th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings of $1.71 per share for the quarter, up from their previous estimate of $1.67. The consensus estimate for TMX Group’s current full-year earnings is $7.61 per share. National Bank Financial also issued estimates for TMX Group’s Q4 2022 earnings at $1.86 EPS and FY2022 earnings at $7.27 EPS.

TMX Group (TSE:X – Get Rating) last announced its quarterly earnings results on Monday, May 2nd. The company reported C$1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.75 by C$0.07. The firm had revenue of C$287.10 million for the quarter, compared to analyst estimates of C$258.77 million.

X has been the subject of several other research reports. Haywood Securities reduced their price target on shares of TMX Group to C$138.00 and set a “sector perform” rating for the company in a report on Friday, July 22nd. TD Securities upped their price objective on shares of TMX Group from C$155.00 to C$160.00 and gave the stock a “buy” rating in a report on Wednesday, May 4th. Scotiabank upped their price objective on shares of TMX Group from C$148.00 to C$152.00 in a report on Wednesday, May 4th. Royal Bank of Canada upped their price objective on shares of TMX Group from C$159.00 to C$160.00 and gave the stock an “outperform” rating in a report on Friday. Finally, National Bankshares upped their price objective on shares of TMX Group from C$138.00 to C$143.00 and gave the stock a “sector perform” rating in a report on Friday. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$147.44.

TMX Group Stock Performance

Shares of X opened at C$131.39 on Monday. TMX Group has a 1 year low of C$121.42 and a 1 year high of C$145.69. The company has a market cap of C$7.34 billion and a price-to-earnings ratio of 14.53. The company has a debt-to-equity ratio of 27.59, a quick ratio of 0.01 and a current ratio of 1.01. The firm has a fifty day moving average of C$132.21 and a 200-day moving average of C$130.75.

TMX Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 26th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Thursday, August 11th. TMX Group’s dividend payout ratio (DPR) is presently 34.73%.

Insiders Place Their Bets

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 21,118 shares of the business’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of C$132.82, for a total transaction of C$2,804,825.18.

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.