TSX:XCapital Markets
TMX Group (TSX:X) Earnings Grow 13.1%—Premium Valuation Fuels Narrative Debate
TMX Group (TSX:X) reported another solid set of numbers, with earnings growing 13.1% over the past year and maintaining an impressive 6.6% average annual growth rate over the last five years. The company’s revenue is forecast to accelerate by 6.7% per year, outpacing the broader Canadian market’s 5% projection. Earnings are projected to climb 13.1% annually, ahead of the market’s 11.9% pace. Although net profit margins have eased to 27.8% from last year’s 29.7%, ongoing growth and an...