TMX Group Ltd Forecasted to Earn FY2020 Earnings of $5.85 Per Share (X)

TMX Group Ltd (TSE:X) – Investment analysts at National Bank Financial reduced their FY2020 earnings per share (EPS) estimates for TMX Group in a report released on Monday, April 15th. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $5.85 per share for the year, down from their previous forecast of $6.08.

TMX Group (TSE:X) last released its quarterly earnings data on Wednesday, February 13th. The company reported C$1.31 EPS for the quarter, topping the consensus estimate of C$1.27 by C$0.04. The business had revenue of C$207.60 million during the quarter, compared to analysts’ expectations of C$201.70 million.

X has been the subject of several other research reports. Royal Bank of Canada boosted their target price on shares of TMX Group from C$89.00 to C$93.00 and gave the company an “outperform” rating in a research note on Thursday, February 14th. TD Securities boosted their target price on shares of TMX Group from C$96.00 to C$98.00 in a research note on Friday, February 15th.

TMX Group stock opened at C$87.65 on Thursday. TMX Group has a 52 week low of C$68.87 and a 52 week high of C$90.33. The company has a debt-to-equity ratio of 32.71, a quick ratio of 0.01 and a current ratio of 0.99. The stock has a market capitalization of $4.89 billion and a P/E ratio of 17.19.

About TMX Group

TMX Group Limited operates exchanges, markets, and clearing houses for capital markets in Canada. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing. The Global Solutions, Insights & Analytics segment offers real time data, other market data products, and data delivery and technology solutions.

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Earnings History and Estimates for TMX Group (TSE:X)

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