Q3 2018 Earnings Estimate for TMX Group Ltd (X) Issued By National Bank Financial

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TMX Group Ltd (TSE:X) – Stock analysts at National Bank Financial lowered their Q3 2018 earnings per share (EPS) estimates for TMX Group in a report released on Monday, October 15th, Zacks Investment Research reports. National Bank Financial analyst J. Gloyn now expects that the company will earn $1.20 per share for the quarter, down from their previous estimate of $1.26. National Bank Financial also issued estimates for TMX Group’s Q4 2018 earnings at $1.25 EPS, FY2018 earnings at $5.11 EPS, FY2019 earnings at $5.46 EPS and FY2020 earnings at $5.80 EPS.

TMX Group (TSE:X) last announced its quarterly earnings results on Wednesday, August 8th. The company reported C$1.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$1.38 by C($0.04). The firm had revenue of C$209.50 million for the quarter, compared to analyst estimates of C$207.80 million.

Several other equities analysts also recently weighed in on X. BMO Capital Markets raised their target price on shares of TMX Group from C$85.00 to C$90.00 in a report on Thursday, August 9th. TD Securities raised their target price on shares of TMX Group from C$88.00 to C$94.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Finally, CIBC raised their target price on shares of TMX Group from C$88.00 to C$98.00 in a report on Friday, July 20th.

Shares of X traded down C$2.65 during trading hours on Wednesday, reaching C$79.53. The company had a trading volume of 310,100 shares, compared to its average volume of 91,849. The company has a current ratio of 0.99, a quick ratio of 0.01 and a debt-to-equity ratio of 35.86. TMX Group has a 12-month low of C$67.84 and a 12-month high of C$90.33.

In other TMX Group news, insider Cheryl Graden sold 7,800 shares of the firm’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of C$89.00, for a total transaction of C$694,200.00.

TMX Group Company Profile

TMX Group Limited operates exchanges, markets, and clearing houses primarily for capital markets in Canada. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing. The Global Solutions, Insights & Analytics segment offers real time data, other market data products, and data delivery and technology solutions.

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Earnings History and Estimates for TMX Group (TSE:X)

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