TSE:TFI FY2024 EPS Lowered by National Bank Financial

TFI International Inc (TSE:TFI) – Stock analysts at National Bank Financial dropped their FY2024 earnings per share estimates for shares of TFI International in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $8.51 for the year, down from their previous estimate of $8.92. National Bank Financial currently has a “Hold” rating on the stock.

Other equities research analysts have also issued research reports about the company. Citigroup raised TFI International to a “strong-buy” rating in a research report on Wednesday, October 9th. Wolfe Research upgraded shares of TFI International to a “strong-buy” rating in a research report on Wednesday, October 9th. Cormark upgraded shares of TFI International from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th. Desjardins lowered shares of TFI International from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Stephens downgraded shares of TFI International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

TFI International Price Performance

TFI International (TSE:TFI) last released its quarterly earnings data on Thursday, July 25th. The company reported C$2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.17 by C$0.17. The firm had revenue of C$3.10 billion for the quarter, compared to analysts’ expectations 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. Stockholders of record on Tuesday, December 31st will be issued a $0.609 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of ?. This is a boost from TFI International’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st.