National Bank Financial Equities Analysts Decrease Earnings Estimates for TFI International Inc. (NYSE:TFII)

TFI International Inc. (NYSE:TFII - Free Report) - Stock analysts at National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for shares of TFI International in a research report issued on Wednesday, September 25th. National Bank Financial analyst C. Doerksen now expects that the company will earn $6.61 per share for the year, down from their prior forecast of $6.76. National Bank Financial currently has a "Hold" rating on the stock. The consensus estimate for TFI International's current full-year earnings is $6.85 per share.

TFI International (NYSE:TFII - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.10. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a return on equity of 20.48% and a net margin of 5.93%. The company's quarterly revenue was up 26.4% compared to the same quarter last year. During the same period last year, the business posted $1.59 EPS.

Several other equities research analysts have also issued reports on TFII. Bank of America increased their price objective on shares of TFI International from $148.00 to $165.00 and gave the stock a "neutral" rating in a research report on Monday, July 22nd. CIBC raised their price objective on TFI International from $167.00 to $179.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. Cormark upgraded TFI International from a "hold" rating to a "moderate buy" rating in a research note on Monday, July 15th. Stifel Nicolaus increased their target price on TFI International from $151.00 to $162.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Finally, Desjardins lowered TFI International from a "buy" rating to a "hold" rating in a research report on Wednesday, July 17th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $170.33.

TFI International Trading Down 0.7 %

NYSE TFII traded down $0.90 during mid-day trading on Monday, hitting $136.96. The company's stock had a trading volume of 246,461 shares, compared to its average volume of 259,382. The firm has a market capitalization of $11.59 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 1.53 and a beta of 1.55. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92. TFI International has a 52-week low of $104.91 and a 52-week high of $162.13. The stock's fifty day simple moving average is $147.14 and its two-hundred day simple moving average is $145.43.

TFI International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.40 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.60 annualized dividend and a dividend yield of 1.17%. TFI International's payout ratio is 28.42%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. UMB Bank n.a. bought a new position in TFI International in the 1st quarter worth about $136,000. iA Global Asset Management Inc. acquired a new position in TFI International during the 2nd quarter valued at about $240,000. Industrial Alliance Investment Management Inc. raised its position in shares of TFI International by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company's stock worth $413,000 after buying an additional 80 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in shares of TFI International by 67.0% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company's stock worth $522,000 after acquiring an additional 1,542 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its holdings in shares of TFI International by 1,200.0% in the first quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company's stock valued at $726,000 after acquiring an additional 4,200 shares in the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

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.