TMX Group FY2024 EPS Increased by National Bank Financial

TMX Group Limited (TSE:X) – Analysts at National Bank Financial increased their FY2024 EPS estimates for TMX Group in a note issued to investors on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $1.65 for the year, up from their prior estimate of $1.63. The consensus estimate for TMX Group’s current full-year earnings is $1.77 per share. National Bank Financial also issued estimates for TMX Group’s Q4 2024 earnings at $0.43 EPS.

A number of other equities research analysts have also recently issued reports on the company. CIBC raised their target price on TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. National Bankshares raised their target price on TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Barclays raised their target price on TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. BMO Capital Markets lifted their price objective on shares of TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. Finally, TD Securities lifted their price objective on shares of TMX Group from C$44.00 to C$45.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$47.19.

TMX Group Stock Performance

TMX Group stock opened at C$45.27 on Tuesday. The company has a market cap of C$12.57 billion, a PE ratio of 30.80, a P/E/G ratio of 12.65 and a beta of 0.43. The company has a fifty day moving average price of C$44.43 and a two-hundred day moving average price of C$43.38. The company has a debt-to-equity ratio of 51.71, a current ratio of 1.00 and a quick ratio of 0.01. TMX Group has a 12 month low of C$33.33 and a 12 month high of C$46.31.

TMX Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Friday, November 15th. TMX Group’s payout ratio is currently 50.34%.

About TMX Group

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.