TFI International (NYSE:TFII) Posts Quarterly Earnings Results, Misses Estimates By $0.19 EPS

TFI International (NYSE:TFII - Get Free Report) posted its earnings results on Monday. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.19), Zacks reports. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the firm posted $1.57 earnings per share.

TFI International Stock Performance

NYSE:TFII traded up $1.19 on Tuesday, hitting $135.90. The company's stock had a trading volume of 642,715 shares, compared to its average volume of 262,951. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. The stock has a fifty day moving average of $142.83 and a two-hundred day moving average of $143.12. The firm has a market capitalization of $11.50 billion, a P/E ratio of 24.14, a price-to-earnings-growth ratio of 1.51 and a beta of 1.55. TFI International has a one year low of $104.91 and a one year high of $162.13.

TFI International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.60 annualized dividend and a yield of 1.18%. TFI International's dividend payout ratio is 28.42%.

Analyst Ratings Changes

TFII has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on TFI International from $184.00 to $181.00 and set an "overweight" rating for the company in a research note on Tuesday, October 8th. Cormark upgraded TFI International from a "hold" rating to a "moderate buy" rating in a report on Monday, July 15th. Citigroup started coverage on TFI International in a report on Wednesday, October 9th. They issued a "buy" rating and a $159.00 price target on the stock. Stifel Nicolaus cut their price target on TFI International from $162.00 to $158.00 and set a "buy" rating on the stock in a report on Monday. Finally, Bank of America cut their price target on TFI International from $152.00 to $143.00 and set a "neutral" rating on the stock in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $166.50.

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.