TMX Group (X) Scheduled to Post Earnings on Wednesday

TMX Group (TSE:X) will be posting its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect TMX Group to post earnings of C$0.40 per share for the quarter.

TMX Group (TSE:X) last announced its earnings results on Wednesday, July 31st. The company reported C$0.43 earnings per share for the quarter, meeting the consensus estimate of C$0.43. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. The company had revenue of C$367.10 million for the quarter, compared to the consensus estimate of C$361.44 million.

TMX Group Stock Down 0.2 %

TMX Group stock opened at C$43.46 on Wednesday. The company has a debt-to-equity ratio of 51.71, a current ratio of 1.00 and a quick ratio of 0.01. TMX Group has a 1-year low of C$28.52 and a 1-year high of C$44.28. The company has a market cap of C$12.06 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The stock’s 50 day moving average price is C$42.84 and its 200 day moving average price is C$39.75.

TMX Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have commented on X. BMO Capital Markets upped their price target on TMX Group from C$44.00 to C$46.00 in a research note on Thursday, October 10th. TD Securities upped their price target on TMX Group from C$41.00 to C$42.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. CIBC upped their price target on TMX Group from C$40.00 to C$43.00 in a research note on Friday, July 19th. Scotiabank upped their target price on TMX Group from C$39.00 to C$43.50 in a research report on Wednesday, July 24th. Finally, Barclays upped their target price on TMX Group from C$40.00 to C$42.00 in a research report on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$43.69.

Insider Transactions at TMX Group

In other news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of TMX Group stock in a transaction on 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. In other 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 company’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. 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.