Equities Analysts Issue Forecasts for TMX Group Limited’s Q1 2024 Earnings (TSE:X)

TMX Group Limited (TSE:X) – Stock analysts at National Bank Financial issued their Q1 2024 EPS estimates for TMX Group in a research note issued to investors on Monday, April 29th. National Bank Financial analyst J. Gloyn anticipates that the company will post earnings of $0.38 per share for the quarter. 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 Q2 2024 earnings at $0.44 EPS, Q3 2024 earnings at $0.39 EPS, Q4 2024 earnings at $0.42 EPS and FY2024 earnings at $1.64 EPS.

TMX Group (TSE:X) last announced its quarterly earnings results on Monday, February 5th. The company reported C$0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.37. The firm had revenue of C$301.50 million for the quarter, compared to analyst estimates of C$300.05 million. TMX Group had a net margin of 12.28% and a return on equity of 9.10%.

Other equities research analysts also recently issued research reports about the stock. National Bankshares boosted their target price on shares of TMX Group from C$37.00 to C$40.00 and gave the company a “sector perform” rating in a research note on Tuesday. 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. TD Securities boosted their target price on shares of TMX Group from C$34.00 to C$35.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. Barclays boosted their target price on shares of TMX Group from C$35.00 to C$38.00 in a research note on Monday, April 8th. Finally, BMO Capital Markets upgraded shares of TMX Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from C$36.00 to C$41.00 in a research report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, TMX Group has a consensus rating of “Hold” and a consensus price target of C$39.13.

TMX Group Trading Down 1.3 %

Shares of TMX Group stock opened at C$35.98 on Wednesday. The firm has a market capitalization of C$9.95 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. The company has a debt-to-equity ratio of 26.67, a current ratio of 1.00 and a quick ratio of 0.01. The company’s fifty day moving average price is C$35.38 and its two-hundred day moving average price is C$32.64. TMX Group has a 52-week low of C$27.57 and a 52-week high of C$37.01.

TMX Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, March 8th were paid a $0.18 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.00%. TMX Group’s dividend payout ratio (DPR) is presently 55.47%.

Insider Activity

In other news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the company’s stock in a transaction dated 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. In related news, Senior Officer Luc Fortin sold 15,140 shares of the 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 transaction of C$534,744.80. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the stock in a transaction that occurred 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 currently owned by company insiders.

TMX Group Company Profile

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.