TMX Group (TMXXF) Expected to Post Quarterly Earnings on Thursday

TMX Group (OTCMKTS:TMXXF) is expected to be issuing its results after the market closes on Thursday, October 29th. Analysts expect the company to post earnings of $0.4013 per share and revenue of $333.46 million for the quarter.

TMX Group Trading Up 1.0%

TMX Group stock opened at $41.50 on Wednesday. TMX Group has a fifty-two week low of $31.66 and a fifty-two week high of $41.94. The firm has a 50 day moving average price of $38.38 and a 200 day moving average price of $36.81.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TMXXF. Scotiabank restated an “outperform” rating on shares of TMX Group in a research report on Monday, August 3rd. Canadian Imperial Bank of Commerce began coverage on TMX Group in a report on Monday, August 17th. They issued an “outperform” rating on the stock. Finally, National Bank Financial raised TMX Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

About TMX Group

TMX Group Limited is a Canadian financial markets infrastructure company that operates marketplaces, clearinghouses, depositories and market-data businesses. Its principal markets include Toronto Stock Exchange (TSX), TSX Venture Exchange, TSX Alpha Exchange and Montréal Exchange. These platforms support the listing and trading of equities, fixed-income products, derivatives and other financial instruments.

Through its clearing and settlement businesses, including Canadian Derivatives Clearing Corporation and CDS Clearing and Depository Services, TMX Group provides clearing, settlement, custody and depository services for Canadian capital markets.