Brokers Issue Forecasts for TMX Group Limited's Q2 2023 Earnings (TSE:X)

Jul 09, 2023

TMX Group Limited (TSE:X - Free Report) - National Bank Financial dropped their Q2 2023 earnings per share estimates for shares of TMX Group in a research report issued to clients and investors on Wednesday, July 26th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings per share of $0.35 for the quarter, down from their previous estimate of $0.38. The consensus estimate for TMX Group's current full-year earnings is $1.47 per share. National Bank Financial also issued estimates for TMX Group's Q3 2023 earnings at $0.37 EPS.

Several other equities analysts have also recently issued reports on the stock. National Bankshares boosted their price objective on shares of TMX Group from C$148.00 to C$152.00 and gave the company a "sector perform" rating in a research note on Tuesday, May 2nd. Scotiabank raised their price objective on shares of TMX Group from C$159.00 to C$161.00 in a research report on Thursday, May 4th. TD Securities raised their price target on TMX Group from C$145.00 to C$150.00 and gave the company a "hold" rating in a report on Wednesday, May 3rd. CIBC upped their price objective on TMX Group from C$140.00 to C$150.00 in a report on Tuesday, May 2nd. Finally, BMO Capital Markets upped their price target on shares of TMX Group from C$155.00 to C$158.00 in a research note on Wednesday, May 3rd.

Shares of TSE:X opened at C$29.98 on Monday. TMX Group has a one year low of C$24.61 and a one year high of C$30.40. The stock has a market capitalization of C$8.35 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 12.65 and a beta of 0.49. The company has a 50-day simple moving average of C$69.42 and a 200-day simple moving average of C$113.13. The company has a debt-to-equity ratio of 30.89, a quick ratio of 0.01 and a current ratio of 1.00.

TMX Group (TSE:X - Get Free Report) last released its quarterly earnings results on Thursday, July 27th. The company reported C$0.38 EPS for the quarter, topping the consensus estimate of C$0.36 by C$0.02. The company had revenue of C$306.20 million for the quarter, compared to analyst estimates of C$297.99 million. TMX Group had a return on equity of 9.62% and a net margin of 16.10%.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.40%. TMX Group's dividend payout ratio is 53.44%.

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

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