FY2024 EPS Estimates for TFI International Inc. Lowered by Analyst (NYSE:TFII)

TFI International Inc. (NYSE:TFII) – Stock analysts at Desjardins lowered their FY2024 EPS estimates for TFI International in a research report issued on Monday, September 30th. Desjardins analyst B. Poirier now expects that the company will earn $6.37 per share for the year, down from their previous estimate of $6.81. Desjardins currently has a “Hold” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.83 per share.

TFI International (NYSE:TFII) last posted its quarterly earnings data 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 firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The company’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 company posted $1.59 earnings per share.

A number of other research firms have also weighed in on TFII. JPMorgan Chase & Co. increased their price objective on shares of TFI International from $170.00 to $184.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Stifel Nicolaus lifted their price objective on TFI International from $151.00 to $162.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Cormark raised TFI International from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th. National Bank Financial lowered TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Stephens reissued an “equal weight” rating and issued a $149.00 price target (down from $176.00) on shares of TFI International in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TFI International presently has an average rating of “Moderate Buy” and an average target price of $168.20.

TFI International Stock Down 1.2 %

TFI International stock opened at $135.27 on Wednesday. The business’s 50-day simple moving average is $146.39 and its two-hundred day simple moving average is $145.22. 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 company has a market cap of $11.44 billion, a PE ratio of 24.03, a PEG ratio of 1.44 and a beta of 1.55. TFI International has a fifty-two week low of $104.91 and a fifty-two week high of $162.13.

Institutional Investors Weigh In On TFI International

Several institutional investors and hedge funds have recently made changes to their positions in the business. Industrial Alliance Investment Management Inc. raised its holdings in shares of TFI International by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock worth $413,000 after acquiring an additional 80 shares during the last quarter. Argent Capital Management LLC increased its position in TFI International by 2.5% during the 4th quarter. Argent Capital Management LLC now owns 20,313 shares of the company’s stock worth $2,762,000 after purchasing an additional 494 shares in the last quarter. Van ECK Associates Corp raised its stake in 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 purchasing an additional 743 shares during the last quarter. UMB Bank n.a. purchased a new position in TFI International in the 1st quarter valued at about $136,000. Finally, NewGen Asset Management Ltd boosted its stake in shares of TFI International by 5.3% during the 2nd quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock worth $2,903,000 after purchasing an additional 1,000 shares during the last quarter. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

TFI International Dividend Announcement

The company also recently announced 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 1.18%. The ex-dividend date of this dividend is Monday, September 30th. TFI International’s dividend payout ratio (DPR) is 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.