Research Analysts Set Expectations for TFI International Inc.’s Q2 2024 Earnings (NYSE:TFII)

TFI International Inc. (NYSE:TFII) – Analysts at Desjardins decreased their Q2 2024 earnings estimates for TFI International in a research note issued to investors on Sunday, April 28th. Desjardins analyst B. Poirier now forecasts that the company will earn $1.77 per share for the quarter, down from their previous estimate of $1.84. The consensus estimate for TFI International’s current full-year earnings is $7.47 per share. Desjardins also issued estimates for TFI International’s Q3 2024 earnings at $1.89 EPS, Q4 2024 earnings at $1.92 EPS, FY2024 earnings at $6.81 EPS and FY2025 earnings at $8.79 EPS.

TFI International (NYSE:TFII) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.15). The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.89 billion. TFI International had a net margin of 6.44% and a return on equity of 20.39%.

A number of other analysts have also recently issued reports on the company. BMO Capital Markets increased their target price on TFI International from $130.00 to $140.00 and gave the stock a “market perform” rating in a research note on Monday, February 12th. National Bank Financial raised shares of TFI International from a “sector perform under weight” rating to an “outperfrom under weight” rating in a research report on Friday. The Goldman Sachs Group upped their target price on shares of TFI International from $157.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Bank of America boosted their price target on TFI International from $154.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Finally, Morgan Stanley increased their price objective on TFI International from $169.00 to $176.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, TFI International has an average rating of “Moderate Buy” and an average price target of $160.78.

TFI International Stock Down 1.5 %

Shares of TFI International stock opened at $135.78 on Tuesday. TFI International has a 1 year low of $102.94 and a 1 year high of $162.13. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.66 and a quick ratio of 1.64. The company has a market capitalization of $11.48 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 1.42 and a beta of 1.52. The business has a 50-day moving average of $151.57 and a two-hundred day moving average of $134.26.

Institutional Trading of TFI International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC bought a new position in shares of TFI International during the third quarter worth about $27,000. UMB Bank n.a. acquired a new position in TFI International in the first quarter valued at $136,000. SG Americas Securities LLC bought a new stake in TFI International during the third quarter valued at $257,000. Clearbridge Investments LLC bought a new stake in TFI International during the fourth quarter valued at $287,000. Finally, Campbell & CO Investment Adviser LLC grew its holdings in TFI International by 67.0% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company’s stock worth $522,000 after acquiring an additional 1,542 shares during the period. Institutional investors own 73.30% of the company’s stock.

TFI International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid 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 1.18%. TFI International’s dividend payout ratio is presently 28.42%.

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.