FY2025 EPS Estimate for TMX Group Increased by Analyst

TMX Group Limited (TSE:X) – Research analysts at National Bank Financial upped their FY2025 earnings estimates for shares of TMX Group in a research report issued on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $1.83 per share for the year, up from their prior estimate of $1.82. The consensus estimate for TMX Group’s current full-year earnings is $1.77 per share.

Several other research firms also recently issued reports on X. TD Securities lifted their price target on shares of TMX Group from C$42.00 to C$43.00 and gave the company a “hold” rating in a research report on Monday. Barclays lifted their price objective on shares of TMX Group from C$40.00 to C$42.00 in a report on Friday, August 2nd. CIBC upped their target price on shares of TMX Group from C$40.00 to C$43.00 in a report on Friday, July 19th. BMO Capital Markets lifted their price target on TMX Group from C$44.00 to C$46.00 in a research note on Thursday, October 10th. Finally, National Bankshares boosted their price objective on TMX Group from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$43.94.

TMX Group Price Performance

Shares of TSE X opened at C$43.90 on Thursday. The firm has a market capitalization of C$12.19 billion, a P/E ratio of 29.86, a P/E/G ratio of 12.65 and a beta of 0.43. The firm’s 50-day moving average price is C$43.01 and its 200-day moving average price is C$40.00. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71. TMX Group has a 1-year low of C$28.52 and a 1-year high of C$44.28.

TMX Group (TSE:X) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.01. The firm had revenue of C$353.80 million for the quarter, compared to analysts’ expectations of C$356.24 million. TMX Group had a return on equity of 10.08% and a net margin of 13.39%.

Insider Activity

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. In other news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total value of C$1,579,766.56. Also, Director Elias Anastasopoulos sold 20,850 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total transaction of C$886,125.00. Insiders own 1.15% of the company’s stock.

TMX Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were given a dividend of $0.19 per share. The ex-dividend date was Friday, August 16th. This represents a $0.76 dividend on an annualized basis and a yield of 1.73%. TMX Group’s dividend payout ratio is presently 50.34%.

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.