FY2025 EPS Estimates for TMX Group Lifted by Analyst

TMX Group Limited (TSE:X) – Research analysts at National Bank Financial boosted their FY2025 earnings estimates for shares of TMX Group in a report released 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.

A number of other research firms have also recently commented on X. Scotiabank raised their target price on TMX Group from C$39.00 to C$43.50 in a research note on Wednesday, July 24th. Barclays boosted their target price on shares of TMX Group from C$40.00 to C$42.00 in a report on Friday, August 2nd. Royal Bank of Canada upped their target price on shares of TMX Group from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. CIBC lifted their price target on shares of TMX Group from C$43.00 to C$46.00 in a research report on Thursday. Finally, TD Securities upped their price objective on shares of TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a report on Monday. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$44.31.

TMX Group Stock Performance

TMX Group stock opened at C$43.49 on Thursday. TMX Group has a fifty-two week low of C$28.52 and a fifty-two week high of C$45.92. The stock’s 50 day simple moving average is C$43.01 and its two-hundred day simple moving average is C$40.00. 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 has a market cap of C$12.07 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 12.65 and a beta of 0.43.

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

TMX Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 30th were paid a $0.19 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.76 annualized dividend and a dividend yield of 1.75%. TMX Group’s dividend payout ratio is presently 50.34%.

Insider Activity

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

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.