Q3 EPS Estimates for TFI International Reduced by Cormark

TFI International Inc. (NYSE:TFII) – Stock analysts at Cormark reduced their Q3 2024 EPS estimates for TFI International in a research report issued on Wednesday, October 16th. Cormark analyst D. Ocampo now forecasts that the company will post earnings per share of $1.74 for the quarter, down from their previous forecast of $1.93. Cormark currently has a “Moderate Buy” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.71 per share. Cormark also issued estimates for TFI International’s Q4 2024 earnings at $1.79 EPS, Q1 2025 earnings at $1.72 EPS, Q2 2025 earnings at $2.26 EPS, FY2025 earnings at $8.26 EPS and FY2026 earnings at $9.22 EPS.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. dropped their target price on shares of TFI International from $184.00 to $181.00 and set an “overweight” rating on the stock in a report on Tuesday, October 8th. Citigroup assumed coverage on TFI International in a research report on Wednesday, October 9th. They set a “buy” rating and a $159.00 price objective for the company. Stephens restated an “equal weight” rating and issued a $149.00 target price (down from $176.00) on shares of TFI International in a report on Tuesday, October 1st. Royal Bank of Canada upped their target price on TFI International from $162.00 to $171.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, Desjardins cut TFI International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Six equities 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.13.

TFI International Price Performance

Shares of TFI International stock opened at $137.71 on Friday. TFI International has a 52 week low of $104.91 and a 52 week high of $162.13. 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 stock has a market cap of $11.65 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 1.53 and a beta of 1.55. The company’s 50-day moving average price is $143.04 and its two-hundred day moving average price is $143.50.

TFI International (NYSE:TFII) last posted 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. TFI International had a return on equity of 20.48% and a net margin of 5.93%. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the business earned $1.59 EPS. The company’s quarterly revenue was up 26.4% compared to the same quarter last year.

Institutional Investors Weigh In On TFI International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dixon Mitchell Investment Counsel Inc. boosted its holdings in TFI International by 0.4% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock valued at $74,242,000 after acquiring an additional 1,980 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in TFI International in the 1st quarter worth approximately $42,583,000. Hood River Capital Management LLC increased its position in 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 period. QV Investors Inc. acquired a new position in shares of TFI International during the third quarter worth approximately $29,891,000. Finally, Argent Capital Management LLC boosted its position in shares of 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 acquiring an additional 161,094 shares during the period. 73.30% of the stock is currently owned by institutional investors and hedge funds.

TFI International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Monday, September 30th. TFI International’s dividend payout ratio is presently 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.