FY2024 EPS Estimates for TMX Group Raised by Analyst

TMX Group Limited (TSE:X) – Research analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of TMX Group in a research note issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts that the company will earn $1.65 per share for the year, up from their prior forecast 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.

X has been the topic of a number of other reports. CIBC upped their price target on shares of TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. Barclays raised their price target on TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. TD Securities increased their price objective on TMX Group from C$44.00 to C$45.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. BMO Capital Markets lifted their target price on TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. Finally, National Bankshares increased their price target on shares of TMX Group from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$47.19.

TMX Group Trading Up 0.9 %

Shares of TMX Group stock opened at C$49.50 on Tuesday. The stock has a market capitalization of C$13.74 billion, a P/E ratio of 33.67, a P/E/G ratio of 12.65 and a beta of 0.43. TMX Group has a 52-week low of C$33.33 and a 52-week high of C$49.91. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00. The stock’s 50-day simple moving average is C$44.64 and its 200 day simple moving average is C$43.49.

TMX Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.54%. The ex-dividend date 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.