TMX Group (TSE:X) Releases Earnings Results

TMX Group (TSE:X) announced its quarterly earnings data on Thursday. The company reported C$0.62 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$487.50 million for the quarter. TMX Group had a net margin of 16.47% and a return on equity of 3.40%.

TMX Group Stock Performance

Shares of TSE X opened at C$51.72 on Friday. The stock has a market capitalization of C$14.28 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 12.65 and a beta of -0.16. TMX Group has a 52 week low of C$44.10 and a 52 week high of C$57.98. The stock has a 50 day moving average price of C$49.50 and a 200 day moving average price of C$49.89. The company has a debt-to-equity ratio of 44.08, a quick ratio of 0.01 and a current ratio of 2.35.

TMX Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, June 5th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.96 annualized dividend and a yield of 1.9%. TMX Group’s dividend payout ratio is 46.07%.

Insider Activity at TMX Group

In other news, insider John Mckenzie purchased 35,860 shares of the business’s stock in a transaction on Friday, May 8th. The stock was purchased at an average price of C$55.84 per share, for a total transaction of C$2,002,422.40. Following the completion of the purchase, the insider directly owned 136,634 shares in the company, valued at C$7,629,642.56. The trade was a 35.58% increase in their position. Insiders own 1.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of TMX Group from C$62.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. National Bank Financial upgraded shares of TMX Group from a “hold” rating to an “outperform” rating and dropped their target price for the stock from C$65.00 to C$63.00 in a report on Monday. Scotia upped their price target on shares of TMX Group from C$70.00 to C$71.00 and gave the company a “sector outperform” rating in a report on Wednesday, May 6th. Barclays boosted their price objective on shares of TMX Group from C$58.00 to C$59.00 in a research report on Thursday, July 9th. Finally, Canaccord Genuity Group increased their target price on TMX Group from C$63.00 to C$64.00 and gave the stock a “buy” rating in a report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$65.36.

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.