TMX Group Limited to Post Q2 2024 Earnings of $0.42 Per Share, National Bank Financial Forecasts (TSE:X)

TMX Group Limited (TSE:X) – National Bank Financial dropped their Q2 2024 earnings per share estimates for shares of TMX Group in a research report issued to clients and investors 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 estimate 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 posted its earnings results on Thursday, May 2nd. The company reported C$0.38 earnings per share for the quarter, beating the consensus estimate of C$0.37 by C$0.01. The business had revenue of C$345.90 million during the quarter, compared to the consensus estimate of C$338.61 million. TMX Group had a return on equity of 9.10% and a net margin of 12.28%.

A number of other equities analysts have also recently commented on X. National Bankshares lifted 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 report on Tuesday, April 30th. Scotiabank upped their target price on shares of TMX Group from C$38.00 to C$39.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th. TD Securities raised their price target on TMX Group from C$35.00 to C$37.00 and gave the stock a “hold” rating in a report on Monday. Canaccord Genuity Group set a C$44.00 price objective on TMX Group and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada dropped their price target on shares of TMX Group from C$40.00 to C$39.00 and set a “sector perform” rating on the stock in a research note on Sunday, May 5th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$39.88.

TMX Group Trading Down 0.8 %

X opened at C$36.25 on Wednesday. The firm has a market cap of C$10.03 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. TMX Group has a 52 week low of C$28.32 and a 52 week high of C$37.59. The business’s 50 day moving average is C$35.67 and its two-hundred day moving average is C$32.93. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 26.67.

Insider Buying and Selling at TMX Group

In other news, Director Peter Alexander Conroy sold 13,965 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$36.19, for a total transaction of C$505,347.27. In other news, Director Peter Alexander Conroy sold 13,965 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of C$36.19, for a total transaction of C$505,347.27. Also, Senior Officer Luc Fortin sold 15,140 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$35.32, for a total transaction of C$534,744.80. 5.57% of the stock is owned by insiders.

TMX Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 31st will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Thursday, May 16th. This is a boost from TMX Group’s previous quarterly dividend of $0.18. TMX Group’s dividend payout ratio (DPR) is currently 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.