TFI International (NYSE:TFII) Issues Quarterly Earnings Results, Beats Expectations By $0.24 EPS

TFI International (NYSE:TFII) announced its earnings results on Tuesday. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.24, Zacks reports. TFI International had a return on equity of 14.20% and a net margin of 4.06%.The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.37 billion.

TFI International Stock Up 0.5%

TFII stock opened at $120.85 on Wednesday. The stock has a market cap of $9.93 billion, a P/E ratio of 31.15, a PEG ratio of 7.61 and a beta of 1.55. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.88. TFI International has a twelve month low of $72.02 and a twelve month high of $130.51. The company’s 50 day moving average is $110.64 and its two-hundred day moving average is $97.71.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $160.00 price objective on shares of TFI International in a research note on Monday, December 8th. Zacks Research raised TFI International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of TFI International in a research note on Monday, December 29th. Citigroup increased their price target on shares of TFI International from $106.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Finally, Scotiabank reissued a “sector perform” rating on shares of TFI International in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, TFI International presently has an average rating of “Moderate Buy” and a consensus target price of $120.80.

Institutional Investors Weigh In On TFI International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its stake in TFI International by 34.9% in the third quarter. Russell Investments Group Ltd. now owns 27,623 shares of the company’s stock valued at $2,432,000 after acquiring an additional 7,150 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of TFI International by 104.0% during the second quarter. BNP Paribas Financial Markets now owns 125,737 shares of the company’s stock worth $11,275,000 after purchasing an additional 64,108 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in shares of TFI International in the 4th quarter valued at about $782,000. Twin Tree Management LP boosted its position in shares of TFI International by 6.5% in the 3rd quarter. Twin Tree Management LP now owns 16,527 shares of the company’s stock valued at $1,455,000 after purchasing an additional 1,013 shares during the period. Finally, Flow Traders U.S. LLC purchased a new position in TFI International during the 3rd quarter worth approximately $207,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

About TFI International

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.