Cormark Reduces Earnings Estimates for TFI International

TFI International Inc. (NYSE:TFII - Free Report) - Cormark decreased their FY2024 earnings estimates for TFI International in a report issued on Wednesday, October 16th. Cormark analyst D. Ocampo now anticipates that the company will post earnings per share of $6.47 for the year, down from their prior forecast of $6.78. Cormark currently has a "Moderate Buy" rating on the stock. The consensus estimate for TFI International's current full-year earnings is $6.68 per share. Cormark also issued estimates for TFI International's Q3 2025 earnings at $2.17 EPS and Q4 2025 earnings at $2.12 EPS.

TFI International (NYSE:TFII - Get Free Report) last announced its earnings results on Thursday, July 25th. The company reported $1.71 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.10. The firm 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 revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.59 EPS.

A number of other brokerages also recently weighed in on TFII. TD Cowen boosted their price target on shares of TFI International from $176.00 to $184.00 and gave the stock a "buy" rating in a report on Monday, July 29th. JPMorgan Chase & Co. dropped their target price on shares of TFI International from $184.00 to $181.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 8th. Stephens restated an "equal weight" rating and set a $149.00 price target (down previously from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. Desjardins downgraded TFI International from a "buy" rating to a "hold" rating in a research note on Wednesday, July 17th. Finally, Stifel Nicolaus reduced their price objective on TFI International from $162.00 to $158.00 and set a "buy" rating for the company in a report on Monday. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, TFI International presently has an average rating of "Moderate Buy" and a consensus target price of $167.88.

TFI International Stock Performance

TFII stock traded down $3.01 during midday trading on Monday, hitting $134.70. The company's stock had a trading volume of 558,458 shares, compared to its average volume of 261,070. TFI International has a 1 year low of $104.91 and a 1 year high of $162.13. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 1.51 and a beta of 1.55. The stock's 50-day moving average price is $142.83 and its 200 day moving average price is $143.12. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.89.

Institutional Investors Weigh In On TFI International

A number of institutional investors and hedge funds have recently bought and sold shares of TFII. iA Global Asset Management Inc. purchased a new stake in TFI International in the 2nd quarter worth approximately $240,000. Industrial Alliance Investment Management Inc. raised its stake in shares of TFI International by 3.2% in the first 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 during the period. Hillsdale Investment Management Inc. increased its holdings in TFI International by 1,200.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company's stock worth $726,000 after acquiring an additional 4,200 shares in the last quarter. Summit Global Investments raised its stake in TFI International by 83.7% during the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company's stock worth $959,000 after acquiring an additional 3,012 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of TFI International by 6.9% in the first quarter. Van ECK Associates Corp now owns 11,502 shares of the company's stock worth $1,835,000 after purchasing an additional 743 shares during the period. 73.30% of the stock is owned by hedge funds and other institutional investors.

TFI International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Monday, September 30th. 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.