TMX Group (TSE:X) Posts Quarterly Earnings Results

TMX Group (TSE:X) posted its earnings results on Thursday. The company reported C$0.63 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$491.10 million for the quarter. TMX Group had a return on equity of 3.81% and a net margin of 32.55%.

TMX Group Stock Performance

Shares of TMX Group stock opened at C$57.06 on Friday. The company has a current ratio of 2.76, a quick ratio of 0.01 and a debt-to-equity ratio of 41.81. The firm has a market capitalization of C$15.71 billion, a P/E ratio of 26.29, a P/E/G ratio of 12.65 and a beta of -0.17. The business has a fifty day simple moving average of C$53.99 and a two-hundred day simple moving average of C$51.14. TMX Group has a 12 month low of C$44.10 and a 12 month high of C$58.53.

TMX Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 28th were given a dividend of $0.26 per share. This is an increase from TMX Group’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 14th. TMX Group’s payout ratio is 42.40%.

Wall Street Analysts Forecast Growth

X has been the topic of several recent analyst reports. National Bank Financial lifted their price target on shares of TMX Group from C$64.00 to C$67.00 and gave the company an “outperform” rating in a report on Wednesday. Barclays upped their price objective on shares of TMX Group from C$58.00 to C$59.00 in a report on Thursday, July 9th. Canaccord Genuity Group upped their price objective on shares of TMX Group from C$64.00 to C$65.00 and gave the stock a “buy” rating in a report on Wednesday, October 14th. RBC Dominion Securities dropped their target price on shares of TMX Group from C$69.00 to C$67.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Finally, Raymond James Financial cut their target price on shares of TMX Group from C$65.25 to C$64.50 and set a “strong-buy” rating on the stock in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, TMX Group presently has a consensus rating of “Buy” and an average price target of C$66.19.

Insider Activity at TMX Group

In other news, insider Cheryl Graden sold 8,885 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of C$54.41, for a total value of C$483,432.85. Following the sale, the insider directly owned 32,845 shares of the company’s stock, valued at C$1,787,096.45. This represents a 21.29% decrease in their position. In the last quarter, insiders have sold 41,735 shares of company stock worth $2,268,124. Insiders own 1.15% of the company’s stock.

About TMX Group

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.