TMX Group FY2024 EPS Increased by National Bank Financial

TMX Group Limited (TSE:X) – Equities researchers at National Bank Financial raised their FY2024 EPS estimates for shares of TMX Group in a research report issued to clients and investors on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $1.65 per share for the year, up from their previous estimate of $1.63. The consensus estimate for TMX Group’s current full-year earnings is $1.77 per share. National Bank Financial also issued estimates for TMX Group’s Q4 2024 earnings at $0.43 EPS.

A number of other equities research analysts have also recently commented on the stock. Barclays increased their target price on shares of TMX Group from C$45.00 to C$47.00 in a research report on Monday, December 9th. CIBC raised their price objective on shares of TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st. National Bankshares raised their price objective on shares of TMX Group from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. TD Securities raised their price objective on shares of TMX Group from C$44.00 to C$45.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets raised their price objective on shares of TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$47.19.

TMX Group Stock Up 0.6 %

X stock opened at C$45.27 on Tuesday. The firm’s fifty day simple moving average is C$44.43 and its 200-day simple moving average is C$43.38. The company has a market capitalization of C$12.57 billion, a P/E ratio of 30.80, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 51.71, a current ratio of 1.00 and a quick ratio of 0.01. TMX Group has a 12 month low of C$33.33 and a 12 month high of C$46.31.

TMX Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Friday, November 15th. TMX Group’s payout ratio is 50.34%.

About TMX Group

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.