Desjardins Reduces Earnings Estimates for TFI International

TFI International Inc. (NYSE:TFII - Free Report) - Stock analysts at Desjardins decreased their FY2024 earnings per share (EPS) estimates for TFI International in a note issued to investors on Tuesday, October 22nd. Desjardins analyst B. Poirier now forecasts that the company will post earnings per share of $6.19 for the year, down from their previous forecast of $6.37. Desjardins has a "Hold" rating and a $204.00 price objective on the stock. The consensus estimate for TFI International's current full-year earnings is $6.64 per share. Desjardins also issued estimates for TFI International's Q4 2024 earnings at $1.64 EPS and FY2026 earnings at $9.21 EPS.

Other equities research analysts have also recently issued research reports about the company. National Bankshares dropped their target price on TFI International from $209.00 to $198.00 and set a "sector perform" rating on the stock in a report on Wednesday. Royal Bank of Canada cut their price objective on TFI International from $167.00 to $160.00 and set an "outperform" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on TFI International from $181.00 to $178.00 and set a "buy" rating on the stock in a report on Wednesday. The Goldman Sachs Group dropped their price target on TFI International from $189.00 to $184.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Finally, Susquehanna reduced their price objective on shares of TFI International from $180.00 to $170.00 and set a "positive" rating for the company in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, TFI International has an average rating of "Moderate Buy" and a consensus target price of $167.94.

TFI International Price Performance

TFII traded up $3.28 on Thursday, reaching $134.96. The company had a trading volume of 396,936 shares, compared to its average volume of 265,038. The company has a market capitalization of $11.42 billion, a P/E ratio of 23.94, a PEG ratio of 1.50 and a beta of 1.55. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average of $142.35 and a 200-day moving average of $142.88. TFI International has a one year low of $104.91 and a one year high of $162.13.

TFI International (NYSE:TFII - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.28 billion. TFI International had a return on equity of 20.25% and a net margin of 5.67%. During the same quarter in the prior year, the firm posted $1.57 earnings per share.

TFI International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.45 dividend. This is a positive change from TFI International's previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.33%. TFI International's dividend payout ratio (DPR) is currently 29.09%.

Institutional Trading of TFI International

Several large investors have recently modified their holdings of the company. iA Global Asset Management Inc. bought a new stake in TFI International during the second quarter valued at about $240,000. Industrial Alliance Investment Management Inc. boosted its position 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 valued at $413,000 after acquiring an additional 80 shares during the period. Hillsdale Investment Management Inc. grew its stake 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 worth $726,000 after acquiring an additional 4,200 shares during the last quarter. Summit Global Investments increased its position in TFI International by 83.7% during the second 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 raised its stake in TFI International by 6.9% during the 1st quarter. Van ECK Associates Corp now owns 11,502 shares of the company's stock valued at $1,835,000 after purchasing an additional 743 shares during the last quarter. 73.30% of the stock is owned by institutional investors.

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.