TMX Group (TSE:X) Issues Quarterly Earnings Results

TMX Group (TSE:X) posted its quarterly earnings results on Wednesday. The company reported C$0.41 EPS for the quarter, beating the consensus estimate of C$0.40 by C$0.01, reports. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. The business had revenue of C$353.80 million during the quarter, compared to analyst estimates of C$356.24 million.

TMX Group Trading Up 0.1 %

TMX Group stock opened at C$43.52 on Friday. The stock has a 50-day moving average price of C$43.06 and a 200 day moving average price of C$40.10. The company has a market capitalization of C$12.08 billion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. TMX Group has a 52 week low of C$28.52 and a 52 week high of C$45.92. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 51.71.

TMX Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Friday, November 15th. TMX Group’s payout ratio is 50.34%.

Analysts Set New Price Targets

X has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price objective on shares of TMX Group from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. TD Securities boosted their price target on TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. National Bankshares raised their price objective on TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Wednesday. Scotiabank lifted their target price on TMX Group from C$39.00 to C$43.50 in a research note on Wednesday, July 24th. Finally, CIBC raised their price target on shares of TMX Group from C$43.00 to C$46.00 in a report on Thursday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$44.81.

Insider Buying and Selling

In related news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. In related news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of TMX Group stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. Also, Director Elias Anastasopoulos sold 20,850 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total transaction of C$886,125.00. 1.15% of the stock is owned by corporate insiders.

About TMX Group

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