Brokers Set Expectations for TMX Group FY2024 Earnings

TMX Group Limited (TSE:X) – Investment analysts at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for TMX Group in a research report issued to clients and investors on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $1.65 for the year, up from their prior estimate 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.

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

TMX Group Stock Up 8.3 %

X stock opened at C$49.04 on Tuesday. The firm has a market cap of C$13.61 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 12.65 and a beta of 0.43. TMX Group has a 1-year low of C$33.33 and a 1-year high of C$49.56. The firm has a fifty day moving average price of C$44.53 and a two-hundred day moving average price of C$43.43. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were given a $0.19 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.55%. TMX Group’s dividend payout ratio is presently 50.34%.

TMX Group Company Profile

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.