Q3 2024 EPS Estimates for TFI International Inc. Cut by Analyst (NYSE:TFII)

TFI International Inc. (NYSE:TFII - Free Report) - Investment analysts at Desjardins lowered their Q3 2024 EPS estimates for TFI International in a research note issued on Monday, September 30th. Desjardins analyst B. Poirier now forecasts that the company will earn $1.65 per share for the quarter, down from their previous forecast of $1.88. Desjardins has a "Hold" rating on the stock. The consensus estimate for TFI International's current full-year earnings is $6.83 per share. Desjardins also issued estimates for TFI International's Q4 2024 earnings at $1.77 EPS, FY2025 earnings at $8.27 EPS and FY2026 earnings at $9.81 EPS.

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

Other equities analysts have also issued reports about the stock. TD Cowen raised their price objective 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. Cormark raised shares of TFI International from a "hold" rating to a "moderate buy" rating in a research report on Monday, July 15th. Stephens reissued an "equal weight" rating and set a $149.00 price objective (down from $176.00) on shares of TFI International in a research report on Tuesday. Royal Bank of Canada increased their price objective on shares of TFI International from $162.00 to $171.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. Finally, 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 note on Monday, July 22nd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, TFI International has an average rating of "Moderate Buy" and a consensus target price of $168.20.

TFI International Stock Performance

NYSE TFII traded down $1.62 during trading hours on Tuesday, reaching $135.27. 247,778 shares of the company were exchanged, compared to its average volume of 260,225. TFI International has a 1 year low of $104.91 and a 1 year high of $162.13. The business's 50 day simple moving average is $146.76 and its 200-day simple moving average is $145.33. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $11.45 billion, a P/E ratio of 24.22, a P/E/G ratio of 1.44 and a beta of 1.55.

Hedge Funds Weigh In On TFI International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. acquired a new position in TFI International during the first quarter worth approximately $42,583,000. Argent Capital Management LLC increased its position in TFI International by 793.1% during the first quarter. Argent Capital Management LLC now owns 181,407 shares of the company's stock worth $28,927,000 after buying an additional 161,094 shares during the period. AGF Management Ltd. increased its position in TFI International by 359.1% during the second quarter. AGF Management Ltd. now owns 111,515 shares of the company's stock worth $16,192,000 after buying an additional 87,223 shares during the period. Mediolanum International Funds Ltd acquired a new position in TFI International during the first quarter worth approximately $10,118,000. Finally, Hood River Capital Management LLC increased its position in TFI International by 6.6% during the first quarter. Hood River Capital Management LLC now owns 226,888 shares of the company's stock worth $36,180,000 after buying an additional 13,995 shares during the period. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

TFI International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Monday, September 30th. TFI International's dividend payout ratio (DPR) is 28.42%.

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.