Q3 2024 EPS Estimates for TFI International Inc. Cut by Analyst (NYSE:TFII)

TFI International Inc. (NYSE:TFII) – Research analysts at Desjardins decreased their Q3 2024 earnings per share (EPS) estimates for TFI International in a note issued to investors on Monday, September 30th. Desjardins analyst B. Poirier now expects that the company will earn $1.65 per share for the quarter, down from their prior estimate of $1.88. Desjardins currently has a “Hold” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.83 per share. Desjardins also issued estimates for TFI International’s Q4 2024 earnings at $1.77 EPS, FY2025 earnings at $8.27 EPS and FY2026 earnings at $9.81 EPS.

TFI International (NYSE:TFII) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.10. TFI International had a return on equity of 20.48% and a net margin of 5.93%. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the company posted $1.59 earnings per share. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year.

Several other research firms have also issued reports on TFII. National Bank Financial lowered TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Royal Bank of Canada increased their target price on TFI International from $162.00 to $171.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. TD Cowen increased their target price on TFI International from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Cormark upgraded TFI International from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th. Finally, CIBC decreased their target price on TFI International from $179.00 to $174.00 and set an “outperform” rating on the stock in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, TFI International currently has a consensus rating of “Moderate Buy” and an average target price of $168.20.

TFI International Stock Performance

TFI International stock opened at $135.35 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92. The stock has a fifty day moving average price of $146.04 and a two-hundred day moving average price of $145.15. TFI International has a 52-week low of $104.91 and a 52-week high of $162.13. The firm has a market capitalization of $11.45 billion, a P/E ratio of 24.04, a P/E/G ratio of 1.44 and a beta of 1.55.

TFI International Dividend Announcement

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

Hedge Funds Weigh In On TFI International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. boosted its stake in TFI International by 1,200.0% in the first quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after acquiring an additional 4,200 shares during the last quarter. Toronto Dominion Bank boosted its stake in TFI International by 17.4% in the second quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock valued at $6,329,000 after acquiring an additional 6,475 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in TFI International in the first quarter valued at approximately $10,118,000. AGF Management Ltd. boosted its stake in TFI International by 359.1% in the second quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock valued at $16,192,000 after acquiring an additional 87,223 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in TFI International by 14.3% in the first quarter. Russell Investments Group Ltd. now owns 54,497 shares of the company’s stock valued at $8,699,000 after acquiring an additional 6,808 shares during the last quarter. 73.30% of the stock is owned by 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.