FY2024 EPS Estimate for TFI International Lowered by Analyst

TFI International Inc (TSE:TFI) – Stock analysts at Cormark lowered their FY2024 EPS estimates for shares of TFI International in a report issued on Wednesday, October 23rd. Cormark analyst D. Ocampo now expects that the company will post earnings of $8.57 per share for the year, down from their prior estimate of $8.80. Cormark currently has a “Moderate Buy” rating on the stock. Cormark also issued estimates for TFI International’s Q4 2024 earnings at $2.29 EPS, Q1 2025 earnings at $2.28 EPS, Q2 2025 earnings at $2.94 EPS, Q3 2025 earnings at $2.88 EPS, Q4 2025 earnings at $2.90 EPS and FY2025 earnings at $11.00 EPS.

Several other equities analysts have also issued reports on TFI. Wolfe Research upgraded TFI International to a “strong-buy” rating in a research report on Wednesday, October 9th. Desjardins cut shares of TFI International from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. National Bank Financial downgraded shares of 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 report on Wednesday, October 9th. Finally, Stephens cut shares of TFI International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

TFI International Stock Performance

TFI International (TSE:TFI) last posted its quarterly earnings results on Thursday, July 25th. The company reported C$2.34 earnings per share for the quarter, topping the consensus estimate of C$2.17 by C$0.17. The business had revenue of C$3.10 billion during the quarter, compared to the consensus estimate of C$3.14 billion.

TFI International Increases Dividend

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