Monday’s TSX breakouts: This company has reported seven consecutive earnings beats and raised its dividend twice in 2023

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Positive price momentum appears to have been paused

On today’s TSX Breakouts report, there are 32 stocks on the positive breakouts list , of which 12 are energy stocks, and 30 securities are on the negative breakouts list .

In terms of its revenue breakdown, in the first half of 2023, 34 per cent of its revenue was from the global solutions, insights and analytics segment, 20 per cent was derived from equity and fixed income trading and clearing, 24 per cent was from capital formation and 22 per cent was from derivatives trading and clearing.

On the earning call, chief financial officer David Arnold commented, “Revenue increased $7.1 million from the first to second quarter, primarily reflecting higher TSX Trust revenue driven by an increase in net interest income and higher additional listing fees due to an 82 per cent increase in the number of transactions billed at the maximum fee as well as higher Trayport revenue on the back of an increase in subscribers and a number of long-term deal renewals.

Based on adjusted second-quarter earnings per share, the payout ratio stands at 47 per cent. Management targets a payout ratio of between 40 per cent and 50 per cent.According to Bloomberg, the stock has a unanimous neutral recommendation by eight analysts.

 

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