Equities Analysts Offer Predictions for TFII FY2024 Earnings

TFI International Inc. (NYSE:TFII) – Stock analysts at National Bank Financial reduced their FY2024 EPS estimates for TFI International in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $6.17 per share for the year, down from their prior estimate of $6.61. National Bank Financial has a “Hold” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.64 per share.

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

TFII has been the topic of several other research reports. JPMorgan Chase & Co. lowered their price target on shares of TFI International from $181.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday. TD Securities reduced their target price on shares of TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday. TD Cowen reduced their target price on shares of TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday. Citigroup reduced their target price on shares of TFI International from $159.00 to $158.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Cormark upgraded shares of TFI International from a “hold” rating to a “moderate buy” rating in a research note on Monday, July 15th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, TFI International currently has an average rating of “Moderate Buy” and an average target price of $167.94.

TFI International Trading Down 3.1 %

Shares of TFI International stock opened at $131.69 on Thursday. The firm has a market capitalization of $11.15 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 1.50 and a beta of 1.55. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.92. The company’s fifty day moving average price is $142.63 and its two-hundred day moving average price is $142.96. TFI International has a 52-week low of $104.91 and a 52-week high of $162.13.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 31st. 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 yield of 1.37%. TFI International’s dividend payout ratio is presently 29.09%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. iA Global Asset Management Inc. acquired a new position in TFI International during the 2nd quarter valued at about $240,000. Industrial Alliance Investment Management Inc. lifted its position in TFI International by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after purchasing an additional 80 shares during the period. Hillsdale Investment Management Inc. lifted its position in TFI International by 1,200.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after purchasing an additional 4,200 shares during the period. Summit Global Investments lifted its position in TFI International by 83.7% during the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company’s stock valued at $959,000 after purchasing an additional 3,012 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of 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 last quarter. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.