TMX Group (TSE:X) Posts Quarterly Earnings Results

TMX Group (TSE:X) posted its earnings results on Thursday. The company reported C$0.42 EPS for the quarter, FiscalAI reports. TMX Group had a net margin of 25.80% and a return on equity of 3.37%. The company had revenue of C$457.80 million during the quarter.

TMX Group Stock Performance

Shares of TSE X traded down C$0.86 during mid-day trading on Thursday, reaching C$46.15. 1,049,732 shares of the company were exchanged, compared to its average volume of 604,486. The stock has a market capitalization of C$12.84 billion, a P/E ratio of 27.97, a P/E/G ratio of 12.65 and a beta of -0.20. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49. The company’s 50-day simple moving average is C$51.18 and its 200-day simple moving average is C$52.64. TMX Group has a twelve month low of C$45.54 and a twelve month high of C$57.98.

TMX Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 28th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.88 annualized dividend and a dividend yield of 1.9%. TMX Group’s dividend payout ratio is presently 49.09%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. National Bankshares upped their price target on TMX Group from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 28th. Barclays decreased their target price on TMX Group from C$60.00 to C$58.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 8th. Royal Bank Of Canada lifted their price target on shares of TMX Group from C$66.00 to C$67.00 in a research report on Wednesday, October 29th. Raymond James Financial reduced their price objective on shares of TMX Group from C$62.50 to C$59.00 and set an “outperform” rating for the company in a research note on Tuesday, October 28th. Finally, TD Securities upgraded shares of TMX Group from a “hold” rating to a “buy” rating and raised their target price for the company from C$58.00 to C$60.00 in a research note on Wednesday, October 29th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, TMX Group currently has an average rating of “Moderate Buy” and an average price target of C$61.11.

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.