Analysts Set Expectations for TMX Group Q4 Earnings

TMX Group Limited (TSE:X) – Equities research analysts at Raymond James Financial reduced their Q4 2025 earnings per share (EPS) estimates for TMX Group in a research note issued to investors on Monday, October 27th. Raymond James Financial analyst S. Boland now anticipates that the company will earn $0.48 per share for the quarter, down from their previous forecast of $0.49. Raymond James Financial currently has a “Outperform” rating and a $59.00 target price on the stock. The consensus estimate for TMX Group’s current full-year earnings is $1.77 per share. Raymond James Financial also issued estimates for TMX Group’s Q2 2026 earnings at $0.53 EPS, Q3 2026 earnings at $0.54 EPS, Q4 2026 earnings at $0.54 EPS and FY2026 earnings at $2.13 EPS.

A number of other analysts also recently weighed in on X. Barclays decreased their target price on shares of TMX Group from C$60.00 to C$58.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 8th. TD Securities raised shares of TMX Group from a “hold” rating to a “buy” rating and increased their target price for the company from C$58.00 to C$60.00 in a research report on Wednesday. BMO Capital Markets increased their price target on TMX Group from C$57.00 to C$61.00 and gave the stock an “outperform” rating in a report on Wednesday, July 16th. National Bankshares increased their price target on TMX Group from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a report on Tuesday. Finally, Royal Bank Of Canada increased their price target on TMX Group from C$66.00 to C$67.00 in a report on Wednesday. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$61.11.

TMX Group Stock Performance

TSE:X opened at C$49.92 on Thursday. The company has a market capitalization of C$13.88 billion, a PE ratio of 30.25, a P/E/G ratio of 12.65 and a beta of -0.02. The company has a 50 day simple moving average of C$52.64 and a two-hundred day simple moving average of C$54.54. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01. TMX Group has a fifty-two week low of C$42.47 and a fifty-two week high of C$57.98.

TMX Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 29th were issued a $0.22 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from TMX Group’s previous quarterly dividend of $0.20. TMX Group’s dividend payout ratio (DPR) is 49.09%.

TMX Group Company Profile

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.