National Bank Financial Weighs in on TMX Group Limited’s Q2 2024 Earnings (TSE:X)

TMX Group Limited (TSE:X) – Equities research analysts at National Bank Financial reduced their Q2 2024 earnings per share estimates for TMX Group in a report issued on Sunday, May 5th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings per share of $0.42 for the quarter, down from their previous estimate of $0.44. The consensus estimate for TMX Group’s current full-year earnings is $1.62 per share. National Bank Financial also issued estimates for TMX Group’s FY2024 earnings at $1.61 EPS and FY2025 earnings at $1.81 EPS.

TMX Group (TSE:X) last issued its earnings results on Thursday, May 2nd. The company reported C$0.38 earnings per share for the quarter, topping the consensus estimate of C$0.37 by C$0.01. The business had revenue of C$345.90 million during the quarter, compared to analysts’ expectations of C$338.61 million. TMX Group had a return on equity of 9.10% and a net margin of 12.28%.

A number of other brokerages have also recently weighed in on X. Scotiabank upped their price objective on TMX Group from C$38.00 to C$39.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 30th. National Bankshares increased their price target on shares of TMX Group from C$37.00 to C$40.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 30th. Canaccord Genuity Group set a C$44.00 price objective on shares of TMX Group and gave the stock a “buy” rating in a research report on Friday, April 26th. CIBC increased their target price on shares of TMX Group from C$38.00 to C$40.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Finally, Barclays lifted their price target on shares of TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$39.88.

TMX Group Stock Down 0.8 %

Shares of TMX Group stock opened at C$36.56 on Wednesday. The company has a debt-to-equity ratio of 26.67, a current ratio of 1.00 and a quick ratio of 0.01. The stock has a market cap of C$10.11 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 12.65 and a beta of 0.39. The firm’s 50-day moving average is C$35.66 and its two-hundred day moving average is C$32.91. TMX Group has a 1 year low of C$28.24 and a 1 year high of C$37.59.

TMX Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.08%. This is a boost from TMX Group’s previous quarterly dividend of $0.18. TMX Group’s dividend payout ratio (DPR) is currently 55.47%.

Insider Transactions at TMX Group

In other news, Senior Officer Luc Fortin sold 15,140 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$35.32, for a total value of C$534,744.80. In related news, Senior Officer Luc Fortin sold 15,140 shares of TMX Group stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$35.32, for a total value of C$534,744.80. Also, Director Peter Alexander Conroy sold 13,965 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$36.19, for a total transaction of C$505,347.27. Insiders own 5.57% of the company’s stock.

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.