Desjardins Reduces Earnings Estimates for TFI International

TFI International Inc. (NYSE:TFII) – Research analysts at Desjardins reduced their FY2024 earnings per share (EPS) estimates for shares of TFI International in a report released on Tuesday, October 22nd. Desjardins analyst B. Poirier now forecasts that the company will post earnings per share of $6.19 for the year, down from their prior estimate of $6.37. Desjardins currently has a “Hold” rating and a $204.00 target price on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.64 per share. Desjardins also issued estimates for TFI International’s Q4 2024 earnings at $1.64 EPS and FY2026 earnings at $9.21 EPS.

Several other equities analysts have also issued reports on TFII. Royal Bank of Canada cut their price target on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday. TD Cowen reduced their target price on TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research report on Wednesday. Citigroup dropped their price target on TFI International from $159.00 to $158.00 and set a “buy” rating on the stock in a research note on Wednesday. CIBC decreased their price objective on shares of TFI International from $174.00 to $166.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Stephens reissued an “equal weight” rating and set a $149.00 target price (down previously from $176.00) on shares of TFI International in a research report on Tuesday, October 1st. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $167.81.

TFI International Trading Down 0.8 %

NYSE TFII opened at $133.83 on Thursday. TFI International has a 52 week low of $106.84 and a 52 week high of $162.13. The company has a 50 day moving average price of $142.09 and a 200 day moving average price of $142.83. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 0.84. The firm has a market cap of $11.32 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.55.

TFI International (NYSE:TFII) last announced its earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). TFI International had a return on equity of 20.25% and a net margin of 5.67%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share.

TFI International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.34%. TFI International’s payout ratio is presently 31.97%.

Institutional Trading of TFI International

Hedge funds have recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. acquired a new stake in TFI International in the first quarter valued at approximately $42,583,000. QV Investors Inc. purchased a new position in shares of TFI International during the 3rd quarter valued at approximately $29,891,000. AGF Management Ltd. grew its stake in TFI International by 359.1% in the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock valued at $16,192,000 after acquiring an additional 87,223 shares during the period. Mediolanum International Funds Ltd purchased a new stake in TFI International in the 1st quarter worth $10,118,000. Finally, Hood River Capital Management LLC raised its position in TFI International by 6.6% during the first quarter. Hood River Capital Management LLC now owns 226,888 shares of the company’s stock worth $36,180,000 after acquiring an additional 13,995 shares during the period. 73.30% of the stock is owned by hedge funds and other institutional investors.

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.