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

TMX Group Limited (TSE:X) – Research analysts at National Bank Financial decreased their Q2 2024 earnings per share (EPS) estimates for TMX Group in a research report issued on Sunday, May 5th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings per share of $0.42 for the quarter, down from their previous forecast 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 quarterly earnings data on Thursday, May 2nd. The company reported C$0.38 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.01. The firm had revenue of C$345.90 million for the quarter, compared to analyst estimates of C$338.61 million. TMX Group had a return on equity of 9.10% and a net margin of 12.28%.

X has been the topic of a number of other research reports. Canaccord Genuity Group set a C$44.00 target price on shares of TMX Group and gave the company a “buy” rating in a research note on Friday, April 26th. Scotiabank increased their target price on TMX Group from C$38.00 to C$39.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 30th. National Bankshares lifted their price target on 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. Royal Bank of Canada decreased their price objective on TMX Group from C$40.00 to C$39.00 and set a “sector perform” rating for the company in a report on Sunday. Finally, TD Securities upped their target price on shares of TMX Group from C$35.00 to C$37.00 and gave the stock a “hold” rating in a research report on Monday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$39.88.

TMX Group Stock Performance

TSE:X opened at C$36.86 on Wednesday. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 26.67. TMX Group has a twelve month low of C$28.23 and a twelve month high of C$37.59. The stock has a market cap of C$10.20 billion, a P/E ratio of 28.80, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. The firm’s fifty day simple moving average is C$35.62 and its 200 day simple moving average is C$32.88.

Insider Transactions at TMX Group

In related news, Senior Officer Luc Fortin sold 15,140 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$35.32, for a total transaction of C$534,744.80. In related news, Senior Officer Luc Fortin sold 15,140 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of C$35.32, for a total value of C$534,744.80. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of TMX Group stock in a transaction on Thursday, February 8th. The stock was sold at an average price of C$33.78, for a total value of C$3,234,636.08. 5.57% of the stock is owned by insiders.

TMX Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, May 16th. This is an increase from TMX Group’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 2.06%. TMX Group’s dividend payout ratio (DPR) is presently 55.47%.

About TMX Group

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.