TFI International (NYSE:TFII) Announces Quarterly Earnings Results

TFI International (NYSE:TFII) announced its quarterly earnings data on Thursday. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.15), reports. TFI International had a net margin of 6.44% and a return on equity of 20.39%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.89 billion.

TFI International Stock Performance

NYSE TFII opened at $137.84 on Friday. The stock has a market cap of $11.66 billion, a P/E ratio of 24.48, a PEG ratio of 1.42 and a beta of 1.52. The company has a quick ratio of 1.23, a current ratio of 1.25 and a debt-to-equity ratio of 0.66. TFI International has a twelve month low of $100.96 and a twelve month high of $162.13. The company’s 50-day simple moving average is $151.77 and its 200 day simple moving average is $134.12.

TFI International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. TFI International’s dividend payout ratio (DPR) is currently 28.42%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TFII shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TFI International in a research report on Monday, January 29th. They set a “buy” rating and a $175.00 price objective on the stock. Scotiabank upgraded shares of TFI International from a “sector perform” rating to a “sector outperform” rating in a report on Monday, January 22nd. Bank of America raised their target price on TFI International from $154.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, April 15th. CIBC increased their price objective on TFI International from $167.00 to $175.00 and gave the company an “outperformer” rating in a report on Tuesday, April 2nd. Finally, Morgan Stanley raised their price objective on TFI International from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, TFI International presently has an average rating of “Moderate Buy” and an average target price of $159.83.

Hedge Funds Weigh In On TFI International

A number of hedge funds have recently modified their holdings of TFII. Barometer Capital Management Inc. acquired a new stake in shares of TFI International during the 3rd quarter worth about $1,677,000. Argent Capital Management LLC acquired a new stake in shares of TFI International during the third quarter worth approximately $2,545,000. Van ECK Associates Corp raised its stake in shares of TFI International by 3.4% in the third quarter. Van ECK Associates Corp now owns 10,306 shares of the company’s stock valued at $1,324,000 after acquiring an additional 343 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in shares of TFI International in the 3rd quarter worth approximately $27,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in TFI International by 2.5% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 171,301 shares of the company’s stock worth $23,378,000 after acquiring an additional 4,113 shares during the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

TFI International Company Profile

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.