TMX Group Limited Expected to Post FY2024 Earnings of $1.65 Per Share (TSE:X)

TMX Group Limited (TSE:XFree Report) – Investment analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for TMX Group in a note issued to investors on Tuesday, February 6th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings of $1.65 per share for the year, down from their previous estimate of $1.70. The consensus estimate for TMX Group’s current full-year earnings is $1.64 per share. National Bank Financial also issued estimates for TMX Group’s FY2025 earnings at $1.83 EPS.

Several other analysts have also recently issued reports on the company. National Bankshares increased their target price on TMX Group to C$37.00 and gave the stock a “sector perform” rating in a research report on Monday. TD Securities raised their price objective on TMX Group from C$34.00 to C$35.00 and gave the stock a “hold” rating in a report on Wednesday. Royal Bank of Canada raised their price objective on TMX Group from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a report on Tuesday. BMO Capital Markets lifted their price target on TMX Group from C$35.00 to C$36.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, CIBC lifted their price target on TMX Group from C$34.00 to C$35.00 and gave the company a “neutral” rating in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, TMX Group currently has an average rating of “Hold” and a consensus price target of C$35.86.

Check Out Our Latest Report on X

TMX Group Stock Performance

Shares of X opened at C$34.00 on Friday. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 32.21. The business has a 50-day simple moving average of C$31.94 and a two-hundred day simple moving average of C$30.33. The stock has a market cap of C$9.44 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 12.65 and a beta of 0.44. TMX Group has a 52 week low of C$26.09 and a 52 week high of C$34.32.

TMX Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Friday, March 8th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.72 annualized dividend and a dividend yield of 2.12%. TMX Group’s dividend payout ratio (DPR) is presently 53.73%.

About TMX Group

(Get Free Report)

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

Featured Stories

Receive News & Ratings for TMX Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TMX Group and related companies with MarketBeat.com's FREE daily email newsletter.