FY2024 EPS Estimate for TFI International Reduced by Analyst

TFI International Inc (TSE:TFI) – Analysts at Desjardins decreased their FY2024 earnings estimates for shares of TFI International in a research note issued on Tuesday, October 22nd. Desjardins analyst B. Poirier now forecasts that the company will post earnings per share of $8.54 for the year, down from their prior forecast of $8.66. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for TFI International’s Q4 2024 earnings at $2.26 EPS and FY2026 earnings at $12.71 EPS.

Several other equities analysts have also recently issued reports on the company. Stephens cut TFI International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 1st. National Bank Financial downgraded TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Citigroup raised shares of TFI International to a “strong-buy” rating in a research note on Wednesday, October 9th. Wolfe Research upgraded shares of TFI International to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Cormark upgraded shares of TFI International from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th. Three research analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

TFI International Stock Performance

TFI International (TSE:TFI) last issued its earnings results on Thursday, July 25th. The company reported C$2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.17 by C$0.17. The company had revenue of C$3.10 billion during the quarter, compared to analysts’ expectations of C$3.14 billion.

TFI International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.609 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.44 dividend on an annualized basis and a dividend yield of ∞. This is a positive change from TFI International’s previous quarterly dividend of $0.54.