FY2024 EPS Estimates for TFI International Inc. (NYSE:TFII) Reduced by Desjardins

TFI International Inc. (NYSE:TFII) – Stock analysts at Desjardins decreased their FY2024 earnings estimates for shares of TFI International in a research report issued to clients and investors on Monday, September 30th. Desjardins analyst B. Poirier now forecasts that the company will earn $6.37 per share for the year, down from their previous estimate of $6.81. Desjardins has a “Hold” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.83 per share.

Several other equities analysts have also commented on the stock. Cormark upgraded shares of TFI International from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th. National Bank Financial lowered shares of TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. JPMorgan Chase & Co. upped their price objective on shares of TFI International from $170.00 to $184.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Stifel Nicolaus upped their price objective on shares of TFI International from $151.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Stephens restated an “equal weight” rating and issued a $149.00 price objective (down from $176.00) on shares of TFI International in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $168.20.

TFI International Stock Performance

Shares of TFII stock opened at $135.41 on Wednesday. The firm’s 50 day moving average price is $145.62 and its 200-day moving average price is $145.09. 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 one year low of $104.91 and a one year high of $162.13. The firm has a market cap of $11.46 billion, a P/E ratio of 24.05, a P/E/G ratio of 1.44 and a beta of 1.55.

TFI International (NYSE:TFII) last posted its earnings results on Thursday, July 25th. The company reported $1.71 earnings per share for the quarter, beating the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business posted $1.59 EPS.

TFI International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Monday, September 30th. TFI International’s dividend payout ratio is presently 28.42%.

Institutional Investors Weigh In On TFI International

Large investors have recently modified their holdings of the company. UMB Bank n.a. purchased a new position in shares of TFI International in the 1st quarter valued at $136,000. iA Global Asset Management Inc. purchased a new position in shares of TFI International in the 2nd quarter valued at $240,000. Industrial Alliance Investment Management Inc. grew its position in shares of TFI International by 3.2% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after buying an additional 80 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its position in shares of TFI International by 67.0% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company’s stock valued at $522,000 after buying an additional 1,542 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its position in shares of TFI International by 1,200.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after buying an additional 4,200 shares during the last quarter. 73.30% of the stock is owned by hedge funds and other 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.