TMX Group (TSE:X) Announces Earnings Results

TMX Group (TSE:X) announced its quarterly earnings data on Thursday. The company reported C$0.62 EPS for the quarter, FiscalAI reports. TMX Group had a net margin of 16.47% and a return on equity of 3.40%. The company had revenue of C$487.50 million during the quarter.

TMX Group Price Performance

X traded down C$0.03 during trading on Thursday, reaching C$51.72. 920,908 shares of the stock were exchanged, compared to its average volume of 883,803. The business’s 50 day moving average price is C$49.55 and its two-hundred day moving average price is C$49.88. The company has a debt-to-equity ratio of 44.08, a current ratio of 2.35 and a quick ratio of 0.01. The company has a market capitalization of C$14.28 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 12.65 and a beta of -0.16. TMX Group has a 1 year low of C$44.10 and a 1 year high of C$57.98.

TMX Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, June 5th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.96 annualized dividend and a yield of 1.9%. TMX Group’s payout ratio is currently 46.07%.

Insiders Place Their Bets

In other news, insider John Mckenzie purchased 35,860 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was acquired at an average price of C$55.84 per share, for a total transaction of C$2,002,422.40. Following the completion of the transaction, the insider directly owned 136,634 shares in the company, valued at C$7,629,642.56. This represents a 35.58% increase in their position. Company insiders own 1.15% of the company’s stock.

Analysts Set New Price Targets

X has been the topic of a number of recent analyst reports. Raymond James Financial boosted their price target on shares of TMX Group from C$61.50 to C$65.25 and gave the stock a “strong-buy” rating in a research note on Friday, June 12th. BMO Capital Markets raised their price objective on shares of TMX Group from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Barclays raised their price target on TMX Group from C$58.00 to C$59.00 in a report on Thursday, July 9th. Scotia upped their price objective on TMX Group from C$70.00 to C$71.00 and gave the stock a “sector outperform” rating in a report on Wednesday, May 6th. Finally, Canaccord Genuity Group upped their price objective on TMX Group from C$63.00 to C$64.00 and gave the stock a “buy” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$65.36.

TMX Group Company Profile

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.