Cormark Forecasts Weaker Earnings for TFI International

TFI International Inc. (NYSE:TFII) – Cormark dropped their FY2024 earnings estimates for TFI International in a research report issued to clients and investors on Wednesday, October 16th. Cormark analyst D. Ocampo now expects that the company will post earnings of $6.47 per share for the year, down from their prior estimate of $6.78. Cormark currently has a “Moderate Buy” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.68 per share. Cormark also issued estimates for TFI International’s Q3 2025 earnings at $2.17 EPS and Q4 2025 earnings at $2.12 EPS.

TFI International (NYSE:TFII) last released its earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a net margin of 5.93% and a return on equity of 20.48%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the business earned $1.57 earnings per share.

Other analysts have also issued reports about the company. Stephens reissued an “equal weight” rating and set a $149.00 price target (down from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. TD Cowen upped their price target on shares of TFI International from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Royal Bank of Canada lifted their price target on shares of TFI International from $162.00 to $171.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Bank of America decreased their price objective on TFI International from $152.00 to $143.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, The Goldman Sachs Group lowered their target price on TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $166.50.

TFI International Stock Up 0.9 %

Shares of NYSE:TFII opened at $135.90 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.94. TFI International has a 52-week low of $104.91 and a 52-week high of $162.13. The company has a market capitalization of $11.50 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 1.51 and a beta of 1.55. The company has a fifty day moving average of $142.83 and a 200-day moving average of $143.12.

TFI International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Monday, September 30th. TFI International’s dividend payout ratio is presently 28.42%.

Institutional Trading of TFI International

Several large investors have recently made changes to their positions in TFII. Hillsdale Investment Management Inc. grew its position in TFI International by 1,200.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after purchasing an additional 4,200 shares during the period. Toronto Dominion Bank grew its holdings in shares of TFI International by 17.4% during the second quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock valued at $6,329,000 after buying an additional 6,475 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of TFI International during the first quarter worth about $10,118,000. AGF Management Ltd. raised its holdings in shares of 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 acquiring an additional 87,223 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of 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 acquiring an additional 6,808 shares during the last quarter. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.