FY2024 Earnings Forecast for TFI International Inc. (NYSE:TFII) Issued By Cormark

TFI International Inc. (NYSE:TFII) – Research analysts at Cormark boosted their FY2024 earnings estimates for TFI International in a research report issued to clients and investors on Monday, July 29th. Cormark analyst D. Ocampo now anticipates that the company will post earnings per share of $6.78 for the year, up from their prior forecast of $6.75. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.85 per share. Cormark also issued estimates for TFI International’s FY2025 earnings at $8.81 EPS and FY2026 earnings at $9.80 EPS.

A number of other brokerages have also commented on TFII. Stifel Nicolaus lifted their price target on shares of TFI International from $151.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday. Stephens reiterated an “overweight” rating and set a $176.00 price target on shares of TFI International in a report on Tuesday. The Goldman Sachs Group boosted their target price on shares of TFI International from $157.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, April 11th. National Bank Financial downgraded TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, CIBC boosted their price objective on TFI International from $167.00 to $179.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TFI International currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.94.

TFI International Price Performance

Shares of NYSE:TFII opened at $146.99 on Thursday. The firm has a market cap of $12.44 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 1.62 and a beta of 1.56. The firm’s fifty day moving average is $144.39 and its 200-day moving average is $144.24. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.94. TFI International has a 52 week low of $104.91 and a 52 week high of $162.13.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.10. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. TFI International’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 earnings per share.

TFI International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Friday, June 28th. TFI International’s dividend payout ratio (DPR) is currently 28.60%.

Institutional Trading of TFI International

Several institutional investors and hedge funds have recently modified their holdings of TFII. UMB Bank n.a. bought a new stake in TFI International during the first quarter worth $136,000. iA Global Asset Management Inc. bought a new stake in TFI International during the second quarter worth $240,000. Clearbridge Investments LLC bought a new stake in TFI International during the fourth quarter worth $287,000. Industrial Alliance Investment Management Inc. grew its holdings in TFI International by 3.2% during 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 in the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its holdings in TFI International by 67.0% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company’s stock worth $522,000 after buying an additional 1,542 shares in the last quarter. 73.30% of the stock is owned by hedge funds and other institutional investors.

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.