TMX Group (TSE:X) Issues Earnings Results

TMX Group (TSE:X) posted its quarterly earnings data on Monday. The company reported C$0.65 EPS for the quarter, FiscalAI reports. TMX Group had a net margin of 14.23% and a return on equity of 8.85%.

TMX Group Stock Performance

Shares of X traded up C$0.50 during trading hours on Monday, reaching C$55.98. 1,198,165 shares of the company traded hands, compared to its average volume of 851,104. The stock has a market capitalization of C$15.56 billion, a P/E ratio of 37.57, a P/E/G ratio of 12.65 and a beta of -0.35. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 45.58. TMX Group has a 12-month low of C$44.10 and a 12-month high of C$57.98. The business has a fifty day moving average price of C$49.87 and a 200-day moving average price of C$50.23.

TMX Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Friday, March 6th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, February 20th. This is an increase from TMX Group’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 1.7%. TMX Group’s payout ratio is presently 56.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. National Bank Financial upped their price target on TMX Group from C$60.00 to C$63.00 in a research report on Wednesday, April 29th. Barclays raised their price objective on TMX Group from C$52.00 to C$59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Royal Bank Of Canada boosted their target price on TMX Group from C$64.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Canaccord Genuity Group decreased their price target on TMX Group from C$64.00 to C$61.00 and set a “buy” rating for the company in a research note on Monday, February 9th. Finally, Raymond James Financial raised their price target on TMX Group from C$61.00 to C$61.50 and gave the stock a “strong-buy” rating in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$62.56.

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.