TMX Group (TSE:X) Posts Earnings Results

TMX Group (TSE:X) issued its quarterly earnings results on Thursday. The company reported C$0.60 earnings per share (EPS) for the quarter, FiscalAI reports. TMX Group had a return on equity of 3.37% and a net margin of 25.80%.The firm had revenue of C$457.80 million for the quarter.

TMX Group Trading Down 1.8%

X stock opened at C$46.15 on Friday. The firm has a fifty day moving average price of C$51.08 and a 200 day moving average price of C$52.60. TMX Group has a fifty-two week low of C$45.54 and a fifty-two week high of C$57.98. The firm has a market cap of C$12.84 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 12.65 and a beta of -0.20. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01.

TMX Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 28th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, November 14th. TMX Group’s dividend payout ratio is currently 49.09%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on X. National Bankshares lifted their target price 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. Royal Bank Of Canada increased their target price on TMX Group from C$66.00 to C$67.00 in a research report on Wednesday, October 29th. Scotiabank set a C$70.00 price objective on TMX Group and gave the company a “sector perform” rating in a research note on Friday, October 24th. Raymond James Financial reduced their target price on TMX Group from C$62.50 to C$59.00 and set an “outperform” rating for the company in a report on Tuesday, October 28th. Finally, TD Securities raised shares of TMX Group from a “hold” rating to a “buy” rating and increased their price target for the stock from C$58.00 to C$60.00 in a report on Wednesday, October 29th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$61.11.

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.