National Bank Financial Comments on TMX Group Limited's Q1 2024 Earnings (TSE:X)

TMX Group Limited (TSE:X - Free Report) - Analysts at National Bank Financial issued their Q1 2024 EPS estimates for shares of TMX Group in a research report issued on Monday, April 29th. National Bank Financial analyst J. Gloyn forecasts that the company will earn $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.

Other analysts also recently issued research reports about the stock. TD Securities raised their price target on shares of TMX Group from C$34.00 to C$35.00 and gave the company a "hold" rating in a report on Wednesday, February 7th. Scotiabank raised their price target 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. National Bankshares raised their price target 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. BMO Capital Markets raised shares of TMX Group from a "market perform" rating to an "outperform" rating and raised their price target for the company from C$36.00 to C$41.00 in a report on Monday, March 25th. Finally, Barclays raised their price objective on shares of TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of C$39.13.

TMX Group Stock Down 1.3 %

X stock traded down C$0.47 during trading on Wednesday, hitting C$35.98. 181,786 shares of the stock traded hands, compared to its average volume of 351,597. TMX Group has a 1 year low of C$27.57 and a 1 year high of C$37.01. The firm's 50 day moving average is C$35.38 and its two-hundred day moving average is C$32.64. The stock has a market cap of C$9.95 billion, a price-to-earnings 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.

TMX Group (TSE:X - Get Free Report) last issued its quarterly earnings data on Monday, February 5th. The company reported C$0.37 EPS for the quarter, hitting the consensus estimate of C$0.37. The business had revenue of C$301.50 million during 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%.

Insider Activity

In other news, Senior Officer Luc Fortin sold 15,140 shares of TMX Group stock in a transaction that occurred 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. In related news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total value of C$3,234,636.08. Also, Senior Officer Luc Fortin sold 15,140 shares of TMX Group stock in a transaction 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. Insiders own 5.57% of the company's stock.

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 dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Thursday, February 22nd. TMX Group's dividend payout ratio is presently 55.47%.

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.