Q3 Earnings Estimate for TFI International Issued By Cormark

TFI International Inc. (NYSE:TFII - Free Report) - Analysts at Cormark decreased their Q3 2024 earnings per share (EPS) estimates for TFI International in a research report issued on Wednesday, October 16th. Cormark analyst D. Ocampo now forecasts that the company will earn $1.74 per share for the quarter, down from their previous estimate of $1.93. Cormark has a "Moderate Buy" rating on the stock. The consensus estimate for TFI International's current full-year earnings is $6.71 per share. Cormark also issued estimates for TFI International's Q4 2024 earnings at $1.79 EPS, Q1 2025 earnings at $1.72 EPS, Q2 2025 earnings at $2.26 EPS, FY2025 earnings at $8.26 EPS and FY2026 earnings at $9.22 EPS.

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.

A number of other equities research analysts have also issued reports on the company. Stephens reiterated an "equal weight" rating and issued a $149.00 target price (down previously from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. Bank of America increased their target price on TFI International from $148.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, July 22nd. National Bank Financial lowered TFI International from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 26th. Desjardins lowered TFI International from a "buy" rating to a "hold" rating in a research note on Wednesday, July 17th. Finally, CIBC lowered their target price on TFI International from $179.00 to $174.00 and set an "outperform" rating for the company in a research note on Tuesday, October 1st. 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 $168.13.

TFI International Trading Down 0.3 %

Shares of TFI International stock traded down $0.43 during trading hours on Friday, reaching $137.71. The stock had a trading volume of 202,062 shares, compared to its average volume of 259,627. The firm has a 50 day simple moving average of $143.04 and a two-hundred day simple moving average of $143.50. The firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 1.53 and a beta of 1.55. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. TFI International has a 1 year low of $104.91 and a 1 year high of $162.13.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TFII. Dixon Mitchell Investment Counsel Inc. lifted its holdings in shares of TFI International by 0.4% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company's stock worth $74,242,000 after purchasing an additional 1,980 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of TFI International in the 1st quarter worth approximately $42,583,000. Hood River Capital Management LLC lifted its holdings in shares of TFI International by 6.6% in the 1st quarter. Hood River Capital Management LLC now owns 226,888 shares of the company's stock worth $36,180,000 after purchasing an additional 13,995 shares during the last quarter. QV Investors Inc. bought a new stake in shares of TFI International in the 3rd quarter worth approximately $29,891,000. Finally, Argent Capital Management LLC lifted its holdings in shares of TFI International by 793.1% in the 1st quarter. Argent Capital Management LLC now owns 181,407 shares of the company's stock worth $28,927,000 after purchasing an additional 161,094 shares during the last quarter. Institutional investors and hedge funds own 73.30% of the company's stock.

TFI International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.40 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. TFI International's payout ratio 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.