FY2024 EPS Estimate for TFI International Reduced by Analyst

TFI International Inc. (NYSE:TFII) – Equities research analysts at Scotiabank lowered their FY2024 earnings estimates for shares of TFI International in a report issued on Wednesday, January 8th. Scotiabank analyst K. Gupta now anticipates that the company will earn $4.31 per share for the year, down from their previous estimate of $6.75. The consensus estimate for TFI International’s current full-year earnings is $6.26 per share. Scotiabank also issued estimates for TFI International’s FY2025 earnings at $5.22 EPS and FY2026 earnings at $6.26 EPS.

A number of other equities analysts have also weighed in on TFII. TD Securities dropped their target price on shares of TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada dropped their price objective on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. The Goldman Sachs Group reduced their target price on TFI International from $189.00 to $184.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Desjardins raised TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $149.00 price objective (down previously from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.19.

TFI International Trading Up 0.0 %

Shares of TFII opened at $133.25 on Monday. The firm has a market cap of $11.28 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 1.97 and a beta of 1.58. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. TFI International has a 1 year low of $126.00 and a 1 year high of $162.13. The company has a 50 day simple moving average of $144.21 and a two-hundred day simple moving average of $144.36.

TFI International (NYSE:TFII) last released its earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a return on equity of 20.25% and a net margin of 5.67%. 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 prior year, the business posted $1.57 EPS.

TFI International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 a boost from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.35%. TFI International’s payout ratio is currently 32.73%.

Institutional Trading of TFI International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TFII. Plato Investment Management Ltd purchased a new position in TFI International in the 3rd quarter worth about $134,000. Dixon Mitchell Investment Counsel Inc. increased its position in shares of TFI International by 0.4% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock worth $74,242,000 after acquiring an additional 1,980 shares during the period. Entropy Technologies LP bought a new stake in shares of TFI International during the third quarter valued at approximately $643,000. Toronto Dominion Bank boosted its holdings in shares of TFI International by 17.4% in the second quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock valued at $6,329,000 after purchasing an additional 6,475 shares during the period. Finally, Quantbot Technologies LP increased its holdings in TFI International by 295.1% during the 3rd quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock worth $2,941,000 after purchasing an additional 16,047 shares during the period. 73.30% of the stock is owned by hedge funds and other institutional investors.

TFI International Company Profile

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.