Q2 2024 EPS Estimates for TFI International Inc. Cut by Analyst (NYSE:TFII)

TFI International Inc. (NYSE:TFII) – Research analysts at National Bank Financial dropped their Q2 2024 earnings per share estimates for TFI International in a research report issued on Tuesday, July 9th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $1.60 per share for the quarter, down from their previous estimate of $1.66. National Bank Financial currently has a “Outperfrom Under Weight” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.80 per share. National Bank Financial also issued estimates for TFI International’s FY2024 earnings at $6.75 EPS and FY2025 earnings at $9.34 EPS.

Several other equities research analysts have also recently weighed in on TFII. TD Cowen decreased their price target on TFI International from $178.00 to $176.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Bank of America increased their target price on shares of TFI International from $154.00 to $166.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. CIBC dropped their price target on shares of TFI International from $172.00 to $167.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. The Goldman Sachs Group increased their price objective on shares of TFI International from $157.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Royal Bank of Canada cut their price target on shares of TFI International from $173.00 to $162.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, TFI International has a consensus rating of “Moderate Buy” and an average price target of $161.53.

TFI International Stock Performance

NYSE TFII opened at $149.80 on Thursday. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.56 and a beta of 1.56. TFI International has a twelve month low of $104.91 and a twelve month high of $162.13. The stock has a fifty day simple moving average of $138.06 and a 200 day simple moving average of $142.06. The company has a quick ratio of 1.64, a current ratio of 1.66 and a debt-to-equity ratio of 0.86.

TFI International (NYSE:TFII) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.15). TFI International had a net margin of 6.44% and a return on equity of 20.39%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.89 billion.

TFI International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, June 28th. TFI International’s payout ratio is presently 28.42%.

Institutional Investors Weigh In On TFI International

Institutional investors and hedge funds have recently made changes to their positions in the business. UMB Bank n.a. bought a new stake in TFI International during the 1st quarter worth approximately $136,000. Clearbridge Investments LLC bought a new stake in TFI International during the fourth quarter worth $287,000. Industrial Alliance Investment Management Inc. raised its position in TFI International by 3.2% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after buying an additional 80 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in TFI International by 67.0% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company’s stock valued at $522,000 after acquiring an additional 1,542 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its holdings in TFI International by 1,200.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock worth $726,000 after acquiring an additional 4,200 shares during the last quarter. Institutional investors and hedge funds 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.