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

TFI International Inc. (NYSE:TFII) – Stock analysts at Desjardins dropped their FY2024 earnings per share estimates for shares of TFI International in a research report issued to clients and investors on Monday, September 30th. Desjardins analyst B. Poirier now anticipates that the company will earn $6.37 per share for the year, down from their prior estimate of $6.81. 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.

TFI International (NYSE:TFII) last announced 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. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The firm’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.59 earnings per share.

Several other brokerages have also issued reports on TFII. Cormark raised 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. TD Cowen lifted their price objective on shares of TFI International from $176.00 to $184.00 and gave the company a “buy” rating in a report on Monday, July 29th. Stephens reissued an “equal weight” rating and set a $149.00 price objective (down from $176.00) on shares of TFI International in a report on Tuesday. Finally, Royal Bank of Canada raised their target price on shares of TFI International from $162.00 to $171.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Six 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.20.

TFI International Stock Performance

Shares of NYSE:TFII opened at $135.41 on Wednesday. The firm has a market cap of $11.46 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 1.44 and a beta of 1.55. The firm’s 50 day simple moving average is $145.62 and its 200-day simple moving average is $145.09. TFI International has a one year low of $104.91 and a one year high of $162.13. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.94.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TFII. Hillsdale Investment Management Inc. increased its stake in shares of TFI International by 1,200.0% during the first quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock worth $726,000 after purchasing an additional 4,200 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of TFI International by 17.4% during the second quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock worth $6,329,000 after purchasing an additional 6,475 shares in the last quarter. Mediolanum International Funds Ltd purchased a new stake in shares of TFI International during the first quarter worth about $10,118,000. AGF Management Ltd. increased its stake in shares of TFI International by 359.1% during the second quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock worth $16,192,000 after purchasing an additional 87,223 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of TFI International by 14.3% during the first quarter. Russell Investments Group Ltd. now owns 54,497 shares of the company’s stock worth $8,699,000 after purchasing an additional 6,808 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Announces Dividend

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 issued a $0.40 dividend. The ex-dividend date of this dividend 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 28.42%.

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.