Cormark Research Analysts Cut Earnings Estimates for TFII

TFI International Inc. (NYSE:TFII) – Equities researchers at Cormark dropped their FY2024 earnings per share (EPS) estimates for TFI International in a research report issued on Wednesday, October 16th. Cormark analyst D. Ocampo now expects that the company will post earnings of $6.47 per share for the year, down from their previous forecast of $6.78. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.68 per share. Cormark also issued estimates for TFI International’s Q3 2025 earnings at $2.17 EPS and Q4 2025 earnings at $2.12 EPS.

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

A number of other brokerages have also recently issued reports on TFII. The Goldman Sachs Group reduced their price objective on TFI International from $189.00 to $184.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. CIBC dropped their target price on shares of TFI International from $179.00 to $174.00 and set an “outperform” rating for the company in a research report on Tuesday, October 1st. TD Cowen lifted their price target on TFI International from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Stephens reaffirmed an “equal weight” rating and issued a $149.00 target price (down from $176.00) on shares of TFI International in a research report on Tuesday, October 1st. Finally, Bank of America increased their price target on shares of TFI International from $148.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $167.88.

TFI International Stock Down 2.2 %

Shares of NYSE TFII opened at $134.70 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92. TFI International has a one year low of $104.91 and a one year high of $162.13. The firm’s 50 day simple moving average is $142.83 and its two-hundred day simple moving average is $143.12. The stock has a market capitalization of $11.40 billion, a P/E ratio of 23.93, a PEG ratio of 1.51 and a beta of 1.55.

Hedge Funds Weigh In On TFI International

Several hedge funds and other institutional investors have recently bought and sold shares of TFII. Dixon Mitchell Investment Counsel Inc. lifted its holdings in TFI International by 0.4% in 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 shares of TFI International during the first quarter worth $42,583,000. Hood River Capital Management LLC grew its position in shares of TFI International by 6.6% during the first quarter. Hood River Capital Management LLC now owns 226,888 shares of the company’s stock valued at $36,180,000 after purchasing an additional 13,995 shares in the last quarter. QV Investors Inc. bought a new stake in TFI International in the 3rd quarter worth approximately $29,891,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in TFI International by 1.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock valued at $27,798,000 after purchasing an additional 2,914 shares in the last quarter. Institutional investors own 73.30% of the company’s stock.

TFI International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was 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.