TMX Group (TSE:X) Reaches New 1-Year High Following Better-Than-Expected Earnings

Shares of TMX Group Limited (TSE:X) hit a new 52-week high during trading on Thursday following a stronger than expected earnings report. The stock traded as high as C$45.92 and last traded at C$44.60, with a volume of 2000 shares changing hands. The stock had previously closed at C$43.90.

The company reported C$0.41 EPS for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.01. 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 analysts’ expectations of C$356.24 million.

TMX Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were given a $0.19 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.73%. TMX Group’s payout ratio is currently 50.34%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on X shares. Scotiabank upped their price target on shares of TMX Group from C$39.00 to C$43.50 in a research report on Wednesday, July 24th. BMO Capital Markets upped their target price on shares of TMX Group from C$44.00 to C$46.00 in a research report on Thursday, October 10th. Royal Bank of Canada upped their target price on shares of TMX Group from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. CIBC increased their price objective on shares of TMX Group from C$40.00 to C$43.00 in a research report on Friday, July 19th. Finally, Barclays increased their price objective on shares of TMX Group from C$40.00 to C$42.00 in a research report on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, TMX Group has a consensus rating of “Hold” and an average target price of C$43.94.

Insider Buying and Selling

In other TMX Group news, Director Elias Anastasopoulos sold 20,850 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total transaction of C$886,125.00. In other TMX Group news, Director Elias Anastasopoulos sold 20,850 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total transaction of C$886,125.00. Also, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the firm’s stock in a transaction dated 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. 1.15% of the stock is currently owned by insiders.

TMX Group Stock Up 0.2 %

The business’s 50 day moving average is C$43.01 and its 200 day moving average is C$40.00. The company has a market capitalization of C$12.21 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00.

TMX Group Company Profile

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.