National Bank Financial Brokers Reduce Earnings Estimates for TFI International Inc. (NYSE:TFII)

TFI International Inc. (NYSE:TFII) – Research analysts at National Bank Financial dropped their FY2024 earnings estimates for shares of TFI International in a research report issued on Wednesday, September 25th. National Bank Financial analyst C. Doerksen now anticipates that the company will earn $6.61 per share for the year, down from their previous estimate of $6.76. National Bank Financial has a “Hold” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.85 per share.

TFI International (NYSE:TFII) last posted its earnings results on Thursday, July 25th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.10. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.59 EPS.

Several other research firms have also commented on TFII. CIBC upped their price target on shares of TFI International from $167.00 to $179.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. TD Cowen upped their price target on shares of TFI International from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Stephens reaffirmed an “overweight” rating and set a $176.00 price target on shares of TFI International in a research report on Tuesday, July 30th. Stifel Nicolaus upped their price target on shares of TFI International from $151.00 to $162.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Desjardins lowered shares of TFI International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, TFI International presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.33.

TFI International Price Performance

TFII opened at $137.86 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.94. The stock has a market capitalization of $11.66 billion, a P/E ratio of 24.49, a P/E/G ratio of 1.53 and a beta of 1.55. The company’s 50-day simple moving average is $147.14 and its two-hundred day simple moving average is $145.43. TFI International has a 52-week low of $104.91 and a 52-week high of $162.13.

Institutional Investors Weigh In On TFI International

Several institutional investors and hedge funds have recently modified their holdings of TFII. UMB Bank n.a. bought a new stake in shares of TFI International during the first quarter valued at approximately $136,000. iA Global Asset Management Inc. bought a new stake in shares of TFI International during the second quarter valued at approximately $240,000. Industrial Alliance Investment Management Inc. raised its position in shares of TFI International by 3.2% during 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 last quarter. Campbell & CO Investment Adviser LLC raised its position in shares of TFI International by 67.0% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company’s stock valued at $522,000 after buying an additional 1,542 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its holdings in shares of TFI International by 1,200.0% in the first 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 in the last quarter. Institutional investors own 73.30% of the company’s stock.

TFI International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Monday, September 30th. TFI International’s payout ratio is currently 28.42%.

TFI International Company Profile

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.