Cormark Expects Weaker Earnings for TFI International

TFI International Inc. (NYSE:TFII) – Research analysts at Cormark reduced their FY2024 earnings per share estimates for shares of TFI International in a report released on Wednesday, October 23rd. Cormark analyst D. Ocampo now expects that the company will earn $6.21 per share for the year, down from their previous forecast of $6.47. Cormark currently has a “Moderate Buy” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.64 per share. Cormark also issued estimates for TFI International’s Q4 2024 earnings at $1.66 EPS, Q1 2025 earnings at $1.65 EPS, Q2 2025 earnings at $2.13 EPS, Q3 2025 earnings at $2.09 EPS, Q4 2025 earnings at $2.10 EPS and FY2025 earnings at $7.97 EPS.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a return on equity of 20.25% and a net margin of 5.67%. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the business earned $1.57 EPS.

A number of other brokerages have also commented on TFII. Desjardins decreased their target price on TFI International from $209.00 to $204.00 and set a “hold” rating for the company in a research report on Wednesday. TD Cowen lowered their target price on TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research report on Wednesday. Stifel Nicolaus downgraded shares of TFI International from a “buy” rating to a “hold” rating and reduced their price target for the company from $158.00 to $142.00 in a research report on Wednesday. Royal Bank of Canada lowered their price objective on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, National Bank Financial cut shares of TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, TFI International has an average rating of “Moderate Buy” and a consensus price target of $167.94.

TFI International Trading Up 2.5 %

TFII opened at $134.94 on Friday. The company has a fifty day moving average price of $142.09 and a two-hundred day moving average price of $142.83. TFI International has a 1-year low of $104.91 and a 1-year high of $162.13. The company has a market cap of $11.42 billion, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 1.50 and a beta of 1.55. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 0.84.

TFI International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.45 dividend. This is an increase from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Tuesday, December 31st. TFI International’s payout ratio is 29.09%.

Hedge Funds Weigh In On TFI International

Several institutional investors have recently added to or reduced their stakes in TFII. iA Global Asset Management Inc. bought a new position in shares of TFI International during the 2nd quarter valued at approximately $240,000. Industrial Alliance Investment Management Inc. raised its stake in shares of TFI International by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after buying an additional 80 shares during the period. Hillsdale Investment Management Inc. grew its stake in shares of TFI International by 1,200.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock worth $726,000 after acquiring an additional 4,200 shares during the period. Summit Global Investments increased its holdings in TFI International by 83.7% in the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company’s stock worth $959,000 after acquiring an additional 3,012 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in TFI International by 6.9% in the 1st quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock valued at $1,835,000 after acquiring an additional 743 shares during the period. Institutional investors own 73.30% of the company’s stock.

About TFI International

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America.