Q2 2019 Earnings Estimate for TMX Group Ltd (TSE:X) Issued By National Bank Financial

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TMX Group Ltd (TSE:X) – Stock analysts at National Bank Financial cut their Q2 2019 earnings per share estimates for TMX Group in a research report issued to clients and investors on Sunday, July 14th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $1.34 for the quarter, down from their previous estimate of $1.45. National Bank Financial currently has a “Outperform” rating and a $103.00 price target on the stock. National Bank Financial also issued estimates for TMX Group’s Q3 2019 earnings at $1.39 EPS, FY2019 earnings at $5.48 EPS and FY2020 earnings at $6.09 EPS.

A number of other research firms have also issued reports on X. CIBC lowered their price target on WestJet Airlines from C$22.00 to C$21.00 in a report on Tuesday, April 23rd. TD Securities lowered WestJet Airlines from a “hold” rating to a “tender” rating and raised their price target for the stock from C$20.00 to C$31.00 in a report on Tuesday, May 14th. Finally, BMO Capital Markets raised their price objective on shares of Air Products & Chemicals to $235.00 and gave the company an “outperform” rating in a research report on Monday, May 13th.

Shares of X stock opened at C$93.00 on Wednesday. The business’s 50-day moving average price is C$91.37. The stock has a market capitalization of $5.17 billion and a price-to-earnings ratio of 18.38. TMX Group has a 1 year low of C$68.87 and a 1 year high of C$93.95. The company has a debt-to-equity ratio of 33.73, a quick ratio of 0.01 and a current ratio of 1.00.

TMX Group (TSE:X) last issued its quarterly earnings data on Thursday, May 9th. The company reported C$1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.16 by C$0.14. The firm had revenue of C$197.50 million for the quarter, compared to analysts’ expectations of C$196.90 million.

In other news, Senior Officer Mary Lou Hukezalie sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of C$90.00, for a total transaction of C$270,000.00. Following the completion of the transaction, the insider now directly owns 1,350 shares of the company’s stock, valued at approximately C$121,500.

About TMX Group

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. The company operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading and Clearing.

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

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