TFI International (TFI) Set to Announce Quarterly Earnings on Monday

TFI International (TSE:TFI) is scheduled to post its quarterly earnings results after the market closes on Monday, October 21st. Analysts expect TFI International to post earnings of C$2.63 per share for the quarter.

TFI International (TSE:TFI) last announced its quarterly earnings results on Thursday, July 25th. The company reported C$2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.17 by C$0.17. The business had revenue of C$3.10 billion for the quarter, compared to the consensus estimate of C$3.14 billion.

TFI International Price Performance

TFI International Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.54 per share. The ex-dividend date was Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a yield of ∞.

Analysts Set New Price Targets

TFI has been the topic of several research reports. National Bank Financial cut TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Desjardins downgraded shares of TFI International from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. Wolfe Research raised shares of TFI International to a “strong-buy” rating in a report on Wednesday, October 9th. Stephens cut shares of TFI International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, Citigroup raised shares of TFI International to a “strong-buy” rating in a research report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.