TFI International Inc. (NYSE:TFII) Expected to Post Q3 2024 Earnings of $1.65 Per Share

TFI International Inc. (NYSE:TFII) – Equities researchers at Desjardins reduced their Q3 2024 earnings per share (EPS) estimates for TFI International in a note issued to investors on Monday, September 30th. Desjardins analyst B. Poirier now anticipates that the company will earn $1.65 per share for the quarter, down from their previous estimate of $1.88. Desjardins has a “Hold” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.83 per share. Desjardins also issued estimates for TFI International’s Q4 2024 earnings at $1.77 EPS, FY2025 earnings at $8.27 EPS and FY2026 earnings at $9.81 EPS.

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

Several other brokerages also recently commented on TFII. Stifel Nicolaus increased their target price on shares of TFI International from $151.00 to $162.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. TD Cowen increased their price objective on shares of TFI International from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Stephens restated an “equal weight” rating and issued a $149.00 target price (down previously from $176.00) on shares of TFI International in a research note on Tuesday. Royal Bank of Canada increased their price target on TFI International from $162.00 to $171.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, CIBC cut their price objective on TFI International from $179.00 to $174.00 and set an “outperform” rating on the stock in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TFI International currently has an average rating of “Moderate Buy” and a consensus price target of $168.20.

TFI International Trading Down 1.2 %

NYSE TFII opened at $135.27 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $146.39 and a 200 day simple moving average of $145.22. TFI International has a 12 month low of $104.91 and a 12 month high of $162.13. The firm has a market capitalization of $11.45 billion, a P/E ratio of 24.03, a PEG ratio of 1.44 and a beta of 1.55.

TFI International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. TFI International’s payout ratio is 28.42%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of TFI International in the first quarter worth $42,583,000. Argent Capital Management LLC raised its stake in TFI International by 793.1% in the first quarter. Argent Capital Management LLC now owns 181,407 shares of the company’s stock valued at $28,927,000 after purchasing an additional 161,094 shares in the last quarter. AGF Management Ltd. lifted its position in TFI International by 359.1% during the second quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock valued at $16,192,000 after purchasing an additional 87,223 shares during the last quarter. Mediolanum International Funds Ltd purchased a new position in TFI International in the 1st quarter worth approximately $10,118,000. Finally, Hood River Capital Management LLC increased its holdings in shares of TFI International by 6.6% in the 1st quarter. Hood River Capital Management LLC now owns 226,888 shares of the company’s stock worth $36,180,000 after buying an additional 13,995 shares during the last quarter. Institutional investors own 73.30% of the company’s stock.

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.