Q3 2024 EPS Estimates for TFI International Inc. (NYSE:TFII) Decreased by National Bank Financial

TFI International Inc. (NYSE:TFII) – Investment analysts at National Bank Financial lowered their Q3 2024 earnings per share estimates for shares of TFI International in a note issued to investors on Wednesday, September 25th. National Bank Financial analyst C. Doerksen now forecasts that the company will earn $1.86 per share for the quarter, down from their previous forecast of $2.00. 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. National Bank Financial also issued estimates for TFI International’s FY2025 earnings at $8.56 EPS.

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

A number of other analysts have also issued reports on the company. Royal Bank of Canada boosted their price target on TFI International from $162.00 to $171.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Cormark upgraded TFI International from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th. Stephens restated an “overweight” rating and set a $176.00 price target on shares of TFI International in a research note on Tuesday, July 30th. Bank of America lifted their price objective on TFI International from $148.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Finally, CIBC increased their target price on shares of TFI International from $167.00 to $179.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TFI International has a consensus rating of “Moderate Buy” and a consensus target price of $170.33.

TFI International Price Performance

TFI International stock opened at $142.91 on Friday. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 25.38, a price-to-earnings-growth ratio of 1.53 and a beta of 1.55. The firm has a 50-day moving average of $147.45 and a two-hundred day moving average of $145.58. TFI International has a 1 year low of $104.91 and a 1 year high of $162.13. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. purchased a new stake in TFI International during the 1st quarter worth approximately $42,583,000. Argent Capital Management LLC grew its holdings in shares of TFI International by 793.1% during the first quarter. Argent Capital Management LLC now owns 181,407 shares of the company’s stock valued at $28,927,000 after buying an additional 161,094 shares during the last quarter. AGF Management Ltd. increased its position in shares of TFI International by 359.1% in the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock valued at $16,192,000 after acquiring an additional 87,223 shares during the period. Mediolanum International Funds Ltd acquired a new position in shares of TFI International in the 1st quarter valued at $10,118,000. Finally, CDAM UK Ltd raised its stake in TFI International by 6.9% in the 4th quarter. CDAM UK Ltd now owns 381,912 shares of the company’s stock worth $51,932,000 after acquiring an additional 24,730 shares during the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

TFI International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Monday, September 30th. TFI International’s dividend payout ratio is currently 28.42%.

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.