Analysts Set Expectations for TMX Group FY2025 Earnings

Key Points

• Analysts at National Bank Financial have raised their FY2025 earnings estimate for TMX Group from $1.99 to $2.01 per share, while the consensus estimate is $1.77 per share.
• Several research firms have increased their price targets for TMX Group, with BMO Capital raising theirs from C$57.00 to C$61.00 and Raymond James from C$59.00 to C$62.50.
• TMX Group recently announced a quarterly dividend of $0.20 per share, reflecting an annualized yield of 1.4%.

TMX Group Limited (TSE:X - Free Report) - Stock analysts at National Bank Financial raised their FY2025 earnings estimates for shares of TMX Group in a research report issued to clients and investors on Thursday, July 31st. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $2.01 per share for the year, up from their prior estimate of $1.99. 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 2025 earnings at $0.53 EPS and FY2026 earnings at $2.21 EPS.

Several other brokerages also recently weighed in on X. National Bankshares upped their target price on shares of TMX Group from C$58.00 to C$59.00 and gave the stock a "sector perform" rating in a research note on Monday. BMO Capital Markets lifted their price target on shares of TMX Group from C$57.00 to C$61.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. TD Securities lifted their price objective on shares of TMX Group from C$57.00 to C$58.00 and gave the company a "hold" rating in a research note on Tuesday. Barclays boosted their target price on shares of TMX Group from C$56.00 to C$58.00 in a research note on Thursday, July 10th. Finally, Canaccord Genuity Group boosted their price target on shares of TMX Group from C$52.00 to C$58.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of C$59.81.

TMX Group Stock Up 2.3%

TSE:X traded up C$1.30 during midday trading on Monday, reaching C$57.62. 128,781 shares of the stock traded hands, compared to its average volume of 486,831. TMX Group has a 12-month low of C$40.48 and a 12-month high of C$57.98. The business has a 50-day moving average of C$56.15 and a two-hundred day moving average of C$52.94. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01. The stock has a market capitalization of C$16.02 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43.

TMX Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 29th will be given a $0.22 dividend. The ex-dividend date is Friday, August 15th. This is an increase from TMX Group's previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 1.5%. TMX Group's payout ratio is 42.72%.

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.