Equities Analysts Set Expectations for TFII FY2024 Earnings

TFI International Inc. (NYSE:TFII) – Analysts at National Bank Financial cut their FY2024 EPS estimates for TFI International in a research report issued on Tuesday, October 22nd. National Bank Financial analyst C. Doerksen now forecasts that the company will earn $6.17 per share for the year, down from their previous forecast of $6.61. National Bank Financial has a “Hold” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.64 per share.

TFII has been the subject of a number of other research reports. Royal Bank of Canada reduced their target price on TFI International from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday. Stifel Nicolaus lowered shares of TFI International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $158.00 to $142.00 in a report on Wednesday. Susquehanna lowered their target price on shares of TFI International from $180.00 to $170.00 and set a “positive” rating on the stock in a research note on Wednesday. TD Cowen decreased their price target on shares of TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Stephens reissued an “equal weight” rating and set a $149.00 price objective (down previously from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, TFI International currently has an average rating of “Moderate Buy” and a consensus price target of $167.81.

TFI International Price Performance

TFI International stock opened at $133.83 on Thursday. The firm has a market capitalization of $11.32 billion, a P/E ratio of 23.77, a PEG ratio of 1.50 and a beta of 1.55. TFI International has a one year low of $106.84 and a one year high of $162.13. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.92. The business has a fifty day moving average price of $142.09 and a 200-day moving average price of $142.83.

TFI International (NYSE:TFII) last announced its quarterly 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 net margin of 5.67% and a return on equity of 20.25%. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share.

TFI International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.45 per share. 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 annualized dividend and a dividend yield of 1.34%. TFI International’s dividend payout ratio (DPR) is 31.97%.

Hedge Funds Weigh In On TFI International

Large investors have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. grew its stake in shares of TFI International by 1,200.0% during the first quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after buying an additional 4,200 shares during the last quarter. Toronto Dominion Bank boosted its holdings in TFI International by 17.4% during the 2nd quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock valued at $6,329,000 after acquiring an additional 6,475 shares during the period. Mediolanum International Funds Ltd bought a new position in TFI International during the 1st quarter worth approximately $10,118,000. AGF Management Ltd. increased 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 worth $16,192,000 after purchasing an additional 87,223 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in TFI International by 14.3% in the 1st quarter. Russell Investments Group Ltd. now owns 54,497 shares of the company’s stock worth $8,699,000 after purchasing an additional 6,808 shares during the period. Hedge funds and other institutional investors own 73.30% of the company’s stock.

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.