Scotiabank Expects Reduced Earnings for TFI International

TFI International Inc. (NYSE:TFII - Free Report) - Stock analysts at Scotiabank decreased their FY2024 earnings per share estimates for shares of TFI International in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst K. Gupta now expects that the company will post earnings per share of $4.31 for the year, down from their prior forecast of $6.75. The consensus estimate for TFI International's current full-year earnings is $6.26 per share. Scotiabank also issued estimates for TFI International's FY2025 earnings at $5.22 EPS and FY2026 earnings at $6.26 EPS.

TFII has been the topic of several other reports. CIBC raised their price objective on TFI International from $166.00 to $176.00 and gave the company an "outperformer" rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. reduced their price target on TFI International from $181.00 to $178.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada lowered their price objective on shares of TFI International from $167.00 to $160.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. The Goldman Sachs Group reduced their target price on shares of TFI International from $189.00 to $184.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Finally, Susquehanna lowered their price target on shares of TFI International from $180.00 to $170.00 and set a "positive" rating for the company in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $169.19.

TFI International Stock Performance

NYSE:TFII opened at $133.25 on Monday. The firm's fifty day simple moving average is $144.21 and its 200 day simple moving average is $144.36. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84. TFI International has a twelve month low of $126.00 and a twelve month high of $162.13. The firm has a market capitalization of $11.28 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 1.97 and a beta of 1.58.

TFI International (NYSE:TFII - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a net margin of 5.67% and a return on equity of 20.25%. The business had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $2.28 billion. During the same quarter in the previous year, the business posted $1.57 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TFII. Plato Investment Management Ltd bought a new position in TFI International during the third quarter worth $134,000. Dixon Mitchell Investment Counsel Inc. lifted its position 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 buying an additional 1,980 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of TFI International in the 3rd quarter valued at about $643,000. Toronto Dominion Bank grew its position in shares of TFI International by 17.4% during the 2nd quarter. Toronto Dominion Bank now owns 43,602 shares of the company's stock valued at $6,329,000 after buying an additional 6,475 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in TFI International by 295.1% during the third quarter. Quantbot Technologies LP now owns 21,484 shares of the company's stock worth $2,941,000 after acquiring an additional 16,047 shares during the period. Institutional investors and hedge funds own 73.30% of the company's stock.

TFI International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Tuesday, December 31st. This is an increase from TFI International's previous quarterly dividend of $0.40. TFI International's dividend payout ratio (DPR) is currently 32.73%.

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.